India, April 12 -- Google Cloud joined the FinOps Foundation recently, making it the first major cloud services provider to become a member of the two-year-old organization.

FinOps Foundation, a trade association for the advancement of cloud financial management, also recently released its State of FinOps report, which offers a snapshot look at how this space continues to evolve as practitioners must forecast cloud budgets, get engineers to take action, and deal with shared costs.

The foundation defines FinOps as cloud financial operations as well as cloud financial management to ensure institutions see the greatest return on investment in public cloud. One of the stated intents of FinOps presented by the foundation is to optimize spend...