Definition
FinOps (Financial Operations) is a cultural practice and framework that helps organisations maximise the value of cloud investments by providing full visibility and control over cloud costs. FinOps breaks down the silos between finance, engineering teams and product management: instead of IT owning the costs and finance merely seeing the invoice, all three functions work continuously together on cost allocation, budgeting and resource optimisation. The core principles are 'everyone takes ownership of their cloud usage', cost transparency per team and service, and a culture in which engineers are aware that cloud resources cost money in real time. FinOps tools such as GCPGoogle Cloud Platform - Google's cloud platform, particularly strong in data and machine learning. Cost Management, AWSAmazon Web Services - Amazon's cloud platform with over 200 services; the leading cloud provider globally and widely used in the Norwegian energy sector. Cost Explorer and Cloudability provide granular insight. In cloud-native organisations such as TvimenningOld Norse meaning 'two bound together' - one who solves a task shoulder to shoulder with another., FinOps is particularly important because the cloud scales automatically - and costs can grow faster than planned without active governance.