A FinOps-centric Approach Helps Enterprises Track and Control Cloud Costs as Per ISG

The growing use of public clouds by enterprises is leading to an increase in cloud costs, prompting a rise in demand for FinOps platforms to monitor and control expenses, according to a report by technology research and advisory firm Information Services Group. This rise in demand for FinOps platforms reflects a change in the enterprise cloud space, where companies are now looking for solutions that give them more accurate cost insights and better control over how much they spend on the cloud.

FinOps platforms, which help clients manage their global IT assets and cut costs, are becoming an important part of the public cloud ecosystem as companies adopt multi-cloud strategies and take stock of how they use the cloud and how much it costs them. FinOps platforms are becoming more popular, which gives businesses a better view of their cloud costs and more control over how much they spend on the cloud.

"According to predictions, the finops market will expand by more than 30% in 2022, and future growth will probably be faster."

The report named Apptio (Cloudability), Flexera, HCLTech (MyXalytics), NetApp (Spot), and VMware (CloudHealth) as leaders in the Cloud FinOps Platforms quadrant. These platforms provide customers with a comprehensive view of their cloud consumption and costs, allowing them to gain better control over their spending and make decisions that drive operational efficiency and reduce costs. As spending on the cloud continues to grow, more and more businesses will use finops platforms to make sure they get the most out of their cloud investments.

About ISG


ISG is a global technology research and advisory firm. ISG helps more than 800 clients, including 75 of the world's top 100 enterprises, achieve operational excellence and faster growth. Automation, cloud and data analytics, sourcing advisory, managed governance and risk services, network carrier services, strategy and operations design, change management, market intelligence, and technology research and analysis are all examples of digital transformation services. ISG, founded in 2006 and based in Stamford, Connecticut, employs more than 1,300 digitally-ready professionals in more than 20 countries. The company is known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities.