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Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps as it evolves to a Cloud+ approach to managing technology spend. FinOps Framework 2025 The FinOps Framework What is the FinOps Framework? The FinOps Framework offers building blocks for a successful FinOps practice.
At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with Phil Newman , VP of Product Management at Oracle, to talk about FOCUS and to ask Phil what he thinks the Future of FinOps will look like. They will continue to add to this suite of tools.
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: Microsoft integrates GenAI into FinOps tooling to help all stakeholders get insights from cost and usage data. Microsoft has integrated CoPilot with Azure to bring GenAI to FinOps (i.e., AI for FinOps). FinOps for AI Cyril believes that This AI moment was made for FinOps. See Applying FinOps to GenAI.)
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?
At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with James Greenfield , VP of AWS Commerce Platform, to ask what he thinks the Future of FinOps will look like. Better data, as well as FOCUS, will unlock faster decision-making and more innovation.
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: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0
Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps and to better align activities with best practices that maximize the business value of cloud. The FinOps Framework is the operating model for FinOps that guides you as you develop your practice. Why is the Framework changing?
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: 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.
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.
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.
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: 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.
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.
schema with significant specification conformance improvements compared to the public preview released in June 2024. exports from AWS for production FinOps use cases, such as providing cost dashboards to your FinOps analyst teams or performing internal cost allocations. If you are creating a FOCUS 1.0
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.
Businesses operating in the cloud have to constantly battle between two decisions: Maintaining profitability, or constantly innovating their offerings to stay competitive. billion at the end of […]
Understanding Snowflake's Pricing Structure Snowflake adopts a consumption-based pricing strategy, common among cloud Software as a Service (SaaS) offerings.
A microservice architecture supported by containerized applications underlies many cloud-native technologies. Not only do they offer scalability and flexibility, but they also ensure that applications are packaged with all the resources they require.
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: 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: Google Cloud is investing in data to help FinOps Practitioners drive the next level of business innovation. At FinOps X in San Diego in June 2024, J.R. Google is investing in data and bringing existing technologies to FinOps use cases (e.g., anomaly detection algorithm).
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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