In 2023, managing cloud spend has emerged as a significant challenge for organizations, prompting a shift towards adopting FinOps strategies to maximize business value from cloud investments. FinOps, a cloud financial management discipline, encourages engineering, finance, and business teams to make data-driven spending decisions that align technology initiatives with business objectives while ensuring financial transparency and accountability. The implementation of an observability approach to FinOps, as highlighted in a Dynatrace Perform 2024 session, involves monitoring and analyzing cloud resources to optimize spending and drive cost efficiency. Key practices in this approach include cost allocation, proactive cost alerting, resource utilization monitoring, forecasting and budgeting, and carbon impact monitoring, which together help organizations manage cloud expenses and reduce unnecessary costs. Dynatrace's observability tools provide critical insights into resource utilization and spending, enabling organizations to optimize their cloud environments, align costs with business goals, and minimize their IT carbon footprint.