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I have been putting off writing a summary of all the announcements our Cloud Financial Management (CFM) team made at 2024 re:Invent. While we may not achieve a perfect 10, as there is always room for improvement, we do hope that these ten new features will help accomplish your daily FinOps tasks more effectively. specifications.
The Cloud FinOps community has grown exponentially since the launch of the FinOps Foundation in 2019. The Cloud FinOps community has grown exponentially since the launch of the FinOps Foundation in 2019. The FinOps Framework has created consistency in terminology, practices, and approaches that benefit this interaction.
Key Insight: The FinOps Foundation’s Technical Advisory Council has approved an updated definition of FinOps. Over the next few months, other changes to the FinOps Framework will follow. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.
On February 26, 2019, the FinOps Foundation was publicly launched on a webinar hosted by a committed group of enthusiasts managing cloud cost and usage, and viewed by dozens of people around the world. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.
On February 26, 2019, the FinOps Foundation was publicly launched on a webinar hosted by a committed group of enthusiasts managing cloud cost and usage, and viewed by dozens of people around the world. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.
FOCUS is being adopted by end user FinOps Practitioners, leading cloud Infrastructure-as-a-Service (IaaS) providers, and FinOps tool vendors, who all benefit from removing complexity associated with cloud billing data normalization. Get trained on the Specification through the FinOps Certified FOCUS Analyst certification.
Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. At the beginning of every year, the FinOps Foundation delivers the results of their annual survey, the State of FinOps.
Key Insight: In March, AWS delivered four updates that help FinOps Practitioners tackle their top two key priorities this year , namely reducing waste or unused resources and managing commitment discounts. At the beginning of every year, the FinOps Foundation delivers the results of their annual survey, the State of FinOps.
Key Insight: FinOps is continuing to shift from managing cost as an operational afterthought to a key consideration in the product design process. FinOps teams can estimate, monitor, and optimize the unit cost of a product or service from inception to help drive cost-aware product decisions before architecture begins. Product Design.
Key Insight: At re:Invent 2024, AWS announced numerous product enhancements that help FinOps Practitioners and their organizations optimize their cloud usage. The FinOps Foundation caught up with several AWS Product Managers at re:Invent and asked them what their teams have delivered and how these updates will impact Practitioners.
Key Insight: Dozens of breakout sessions and interactive chalk talks at FinOps X give Practitioners insights from their peers to help solve real challenges that exist in their organizations today. This content is formed around key FinOps Topics we see in practice today.
Key Insight: To effectively manage the variable nature and distributed procurement model of cloud, FinOps Practitioners have built capabilities to maximize the value of their organization’s technology investments. We first explored this anticipated shift in the second edition of Cloud FinOps (pg.
the fourth release of the FOCUS Specification, is now available for cloud vendors and FinOps Practitioners to adopt. The FinOps Open Cost and Usage Specification (FOCUS ) Version 1.1 was ratified by the FOCUS Steering Committee on November 7, 2024. Key Insight: Version 1.1, What’s New in v1.1 AWS – 1.0 (in
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