A proven DataFinOps approach takes a holistic view of cost governance through the lens of an iterative three-stage (or phase) lifecycle. Frequently an organization is in more than one stage simultaneously—with different departments, teams, and individual users at different levels of maturity.
- Inform: Understanding and getting visibility into what’s going on, how much it’s costing, measuring and quantifying everything, tracking costs, and identifying exactly where the money is going.
- Optimize: Identifying where you can eliminate waste and inefficiencies, take advantage of less-expensive cloud pricing options, or otherwise run cloud data operations more cost-effectively.
- Operate: Going from reactive problem-solving to proactive problem-preventing, empowering individuals to self-service for cost optimization themselves, implementing automated guardrails, sustaining iterative improvements.