In the Inform Stage of the FinOps cycle which of the following would be true regarding. (Select One)

In the Inform Stage of the FinOps cycle which of the following would be true regarding. (Select One)
A . Using the data from the Inform stage will enable FinOps teams to balance operational requirements with the best financial options to improve their overall cloud operations.
B . The IT, finance, and business departments rely on timely and relevant data to create customized FinOps frameworks and processes.
C . The Finance team will evaluate FinOps team performance over a quarterly basis.
D . The Finance team will evaluate FinOps team practices in the context of meeting business
objectives.

View Answer

Answer: B

Explanation:

The Optimize Phase of the FinOps cycle provides teams the opportunity to analyze and implement optimal optimization infrastructure configuration and purchase practices. Costs for the exact same server type can vary greatly when targeting spot, on-demand, or reserved instances.

FinOps teams using data collected will balance operational requirements with the best financial options

to improve their overall cloud operations.

Optimization actions can include:

defining clear service level objectives (SLOs)

improving reserved instance coverage

right resources to match requirements

eliminate wasteful processes

automate scaling processes