NexQloud Knowledge Base

FinOps operates in a continuous cycle, enabling teams to balance cost, speed, and quality effectively.

1. Inform: Providing Visibility and Allocation
   ‍This phase is about creating transparency. The goal is to allocate cloud costs accurately to the teams, projects, and products that generate them.
   • Nexqloud Tools: Our cost management console provides detailed, real-time billing data. Using resource tags and labels, you can break down costs by department, application, or environment (e.g., production vs. development).
   • Outcome: Teams can see exactly what they are spending and why, creating the foundation for accountability.
2. Optimize: Driving Efficiency and Savings
   ‍With visibility established, the focus shifts to identifying and acting on waste and inefficiency.
   • Nexqloud Tools: We provide intelligent recommendations for rightsizing underutilized virtual machines, committing to discounts (e.g., Savings Plans) for predictable workloads, and eliminating orphaned resources.
   • Outcome: Systematic reduction of waste without impacting performance, freeing up budget for innovation.
3. Operate: Embedding Accountability into Workflows
   ‍This phase integrates cost intelligence into daily business and technical processes.
   • Nexqloud Tools: Set up automated budget alerts to notify teams when spending exceeds thresholds. Integrate cost data into CI/CD pipelines to "shift left" on cost governance.
   • Outcome: Cost awareness becomes a natural part of planning, development, and deployment, leading to sustainable spending habits.

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