1. Collaboration
The fundamental difference between "saving money" and FinOps strategies is the difference between saving money and gaining value from money spent. However, to optimize the dollars spent, organizations need cross-functional teams to build purposeful cloud usage.
With FinOps, different organizational stakeholders come together for a common purpose. Collaboration across Finance, Procurement, Development, Engineering, and business leadership teams is the heart and soul of FinOps.
However, this type of collaboration has proven elusive. Different teams have different key performance indicators (KPIs) and have little incentive to communicate with one another. Rather, these KPIs encourage them to make decisions independently, leading to a lack of collaboration.
When these teams start communicating with one another, they drive better results. The first step would be to establish a unified view into how the teams spend money in the cloud. Then, collaborate with Finance and other stakeholders to determine shared goals for your FinOps initiative. Ensuring that your teams can easily work together will create a strong starting point for the program’s direction.