Over 30% of cloud spend is reported to be wasted every year. This number is projected to hit $30 billion by the end of the year.

Investments in cloud spend run into the billions every year as organizations tap into the agility, reliability, and flexibility that the cloud offers. With the sudden increase in cloud investment has come the problem of excessive and wasteful spending.

Implementing FinOps – cloud financial management practices designed to maximize business value – is the most effective way for organizations to gain better control on cloud spend, avoid waste and keep projects running efficiently without compromising on end results.

Here are some of the most common questions and concerns our customers, stakeholders and decision makers have before embarking on a FinOps journey.