According to Harness, enterprises may waste up to $44.5 billion in cloud spending this year because of a rift between engineering and FinOps teams, with 21% of spending deemed wasted. A majority of engineers identified the lack of collaboration between them and FinOps as a primary cause, with many developers ignorant of cost management. Despite a willingness to improve cost efficiency, most lack proper tools and visibility, underlining the need for a culture shift towards mutual accountability in cloud financial management.
Enterprises are projected to waste up to $44.5 billion in cloud spending this year due to a disconnect between engineering and FinOps teams.
The majority of engineers attribute cloud spend waste to a lack of synergy with FinOps teams, highlighting the need for improved collaboration.
Cloud efficiency isn't solely about numbers; fostering a culture of cost awareness is crucial for aligning engineering decisions with financial outcomes.
Developers desire more control over cloud costs, but many lack the necessary tools and visibility to effectively manage and optimize spend.
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