What are the Core Principles of FinOps?

FinOps, or Financial Operations, is built on three core principles: collaboration, visibility, and optimization. Collaboration ensures that finance, engineering, and business teams work together to align cloud spending with business goals. Visibility provides real-time insights into cloud costs, enabling data-driven decisions through tools like cost allocation and reporting. Optimization focuses on continuously improving resource efficiency, reducing waste, and maximizing the value of cloud investments.