Too much money wasted on on-demand pricing Tim Anderson Wed 10 Feb 2021 // 10:15 UTC Share Copy A report from the FinOps Foundation has found that many organisations pay more than they need for cloud services, with challenges including getting engineers to control costs, and too much use of on-demand pricing. The nonprofit is focused on cloud financial management and has members across more than 1,200 companies. It was formed in February 2019, partly as an offshoot of customer advisory board meetings at Cloudability, a FinOps company later acquired by Apptio. The FinOps Foundation became part of the Linux Foundation in June 2020. The State of FinOps Report is based on around 800 responses from FinOps practitioners, with nearly half the respondents representing companies with 10,000 or more employees, and 70 per cent having more than 1,000 employees. As you would expect, they represent heavy cloud users. 31.1 per cent said they use public cloud for all their IT infrastructure, and a further 39 per cent described themselves as public-cloud first. 60 per cent of those surveyed spend more than $1m on cloud annually. The respondents also self-rated their FinOps maturity as beginner, intermediate, or expert – or, as the report put it, crawlers, walkers, or runners. Only 15 per cent said gthey regard themselves as expert.