FinOps has become an important part of companies' cloud strategy nowadays. If you are interested in the field of cloud computing and finance, then FinOps can be a great career option for you.
Do you have the skills required to get a FinOps job? Let's find out what you need to step into this field and what are the benefits of starting this career.
FinOps is a new and powerful concept that blends finance and DevOps (development operations). It is a process used to understand, manage, and predict cloud expenses in businesses. Through this, companies ensure that cloud expenses are properly controlled and matched with business value.
There are four core principles of FinOps: collaboration, which fosters partnerships between business, development, and engineering teams; focus on value, which emphasizes increasing value to the business while reducing costs; visibility, which allows for timely decision-making by tracking expenses; and optimization, which focuses on maximizing profitability by optimizing expenses.
1. Increasing use of cloud The demand for cloud is constantly increasing, and at the same time managing cloud expenses has also become important. According to Gartner, cloud spending is estimated to reach $723 billion by 2025. This means that the demand for professionals working in this field is growing rapidly.
2. The advent of new technological services Not only applications are now deployed on the cloud, but new technologies such as machine learning (ML) and artificial intelligence (AI) are also being used. These services work through the cloud, which needs to be managed properly.
3. Business value The main objective of FinOps is not just to reduce costs but to ensure that there is a balance between costs and performance. This balance leads to better results for businesses and strengthens their competitiveness.
1. Technical Knowledge FinOps professionals must have deep knowledge of cloud services and resources. Experience in deploying and managing applications on the cloud is important in this field.
2. Financial knowledge : Technical knowledge alone is not enough. FinOps professionals should also have a good knowledge of financial management, budgeting, and cost accounting. It is also important to understand the pricing models of cloud platforms like AWS, Azure, and Google.
3. Analytical capabilities You must have the ability to analyze cloud spending data. You must be able to identify and predict spending trends.
4. Problem Solving Integrating cloud services and business requirements can sometimes be challenging. FinOps professionals must be able to identify and resolve problems.
5. Collaboration FinOps is a team-based process that requires good communication and collaboration between finance, engineering, and business teams.
There is no specific education required to succeed in this field, but a degree in IT or a related field is a good place to start. Certifications such as FinOps Certified Practitioner (FOCP), FinOps Certified Engineer (FOCE) and FinOps Certified Professional (FCP) can strengthen your career.
Jobs in FinOps occur at various levels, including cloud strategy development, cost management, performance management, optimization, budgeting, and equipment selection.
There are various jobs in FinOps, such as FinOps Specialist, who delivers value with specialized knowledge; FinOps Analyst, who performs cost and data analysis; FinOps Consultant, who works as an advisor; and FinOps Manager, who leads the team to manage costs and performance.
If you want to start your career in the field of cloud and finance, then FinOps can be a great option.
