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2024 re:Invent announcement recap for AWS Cloud Financial Management services

AWS FinOps

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.

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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

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.

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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

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.

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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

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.

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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

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.

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FOCUS 1.0 is Now Available. Practitioners and Clouds Continue Adoption.

FinOps Foundation

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.

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AWS Updates Savings Plans, Compute Optimizer, and Tagging

FinOps Foundation

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.