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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: Day 2 of FinOps X Europe was full of FinOps, FOCUS, and sustainability content. We were reminded that while a lot of organizations have been on their FinOps journeys for many years, others are still getting started. Watch the full recording of Day 2 Keynote from FinOps X Europe in Barcelona in November 2024.
Key Insight: The practice of FinOps continues to evolve around several key themes that all point to its deeper integration into existing processes, business frameworks, and technology environments. Check out the full recording of Day 1 Keynote here: Watch the full recording of Day 1 Keynote from FinOps X Europe in Barcelona in November 2024.
Key Insight: With economic pressure increasing across the world in 2023, many organizations are leaning on their FinOps teams to help prioritize cloud optimizations. Sustainability teams have limited intersection with FinOps teams today, but that number is expected to increase substantially in the future.
Key Insight: To support the adoption of FOCUS , the FinOps Foundation has augmented the Use Case Library with the introduction of the FOCUS Sandbox. The FinOps Open Cost and Usage Specification (FOCUS ) is an open-source technical specification for cloud cost and usage billing data. What is FOCUS? Why a FOCUS Sandbox?
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.
Key Insight: The 2024 Day 2 Keynotes brought something brand new to FinOps X: feature announcements from the three largest clouds. with native billing exports, and revealed a number of important enhancements for FinOps Practitioners. Google Cloud, Microsoft, and AWS all announced support for FOCUS 1.0
Key Insight: In addition to all major cloud infrastructure providers, third-party FinOps tool vendors are adopting the FOCUS for their platforms. Thousands of Practitioners rely on these tools to perform FinOps in their organizations. Introduction With the launch of FOCUS 1.0
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: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Data suggest that sustainability and FinOps practitioners are up to the task.
Key Insight: At FinOps X in San Diego last week, the three largest cloud service providers took the stage to announce feature launches and improvements to their FinOps offerings. Mike Fuller , CTO of the FinOps Foundation, and J.R. Oracle Cloud also launched FOCUS support just before the conference.
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Data suggest that sustainability and FinOps practitioners are up to the task.
Key Insight: FOCUS is the unifying format for cloud bills. 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. The FOCUS 1.0 What is FOCUS?
schema with significant specification conformance improvements compared to the public preview released in June 2024. The differences in billing and usage data format and terminologies used by each provider adds complexity to your cost reporting process, as you normalize and analyze data across sources. AWS Data Exports for FOCUS 1.0
Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Data suggest that sustainability and FinOps practitioners are up to the task.
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.
Excitement filled the air, as James Greenfield, VP of AWS Commerce Platform, took the stage at 2024FinOps X in San Diego. This is our first time attending the conference as a member of the FinOps Foundation. FinOps is naturally infectious. Flexible Flexibility and ease of use have been our focus.
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. This version adds new Columns that deepen support for billing data generated by cloud service providers, giving Practitioners the ability to do more granular, multi-vendor analysis. Key Insight: Version 1.1,
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