| Definition |
Elasticity is a Cloud financial-management concept used to connect cloud spending, usage, accountability, and business value.
Elasticity is an Enterprise system characteristic used to evaluate how applications behave, scale, interoperate, recover, and adapt over their lifecycle.
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| Context & Usage |
FinOps teams, product owners, and finance partners use this concept when forecasting cost, allocating spend, reducing waste, and making cloud usage accountable.
Architects and procurement teams use this concept when evaluating fit, risk, lifecycle cost, nonfunctional requirements and operational behavior.
Related concepts include Enterprise Architecture, Application Portfolio, Business Capability and Data Governance.
Additional Resource: The Open Group TOGAF Standard.
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| Categories |
Software Development and Programming, Web, Database, Cloud, and DevOps Technologies, Cybersecurity, Compliance, and Access Management, Enterprise Applications, CRM, and Contact Center Systems
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