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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? How to use the Framework: The Framework is flexible and non-prescriptive.
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?
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. release (slated for November) and planning for further releases in 2025. Foreword FOCUS 1.0
By 2025, 51% of IT budgets will go to cloud-based systems and operations. FinOps Basics: What is Cloud Cost Optimization? To address these challenges, many organizations have assembled FinOps teams that bring finance, IT, product and business leaders together to make data-driven spending decisions. Cloud Cost Optimization 1.0
Unfortunately, for many companies, the cost implications of cloud technologies have not been sufficiently addressed, even with the rising number of FinOps solutions dedicated to reducing cloud spend.
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.
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 in June 2024, FinOps Practitioners could get their own cloud billing data in the FOCUS format from four of the leading cloud service providers.
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