article thumbnail

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. Tens of thousands of people now manage the value of cloud for their organizations, and participate with fellow practitioners, supporting members, and cloud providers who make up the Cloud FinOps community.

article thumbnail

Getting Started with Cloud FinOps: Top 3 Cloud Cost Optimization Strategies

ProsperOps

Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills. By leveraging Reserved Instances and Savings Plans , finance teams can often realistically reduce their compute costs by 30% to 40%, reducing their overall AWS bill by as much as 25%.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Getting Started with Cloud FinOps: Top 3 Cloud Cost Optimization Strategies

ProsperOps

Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills. By leveraging Reserved Instances and Savings Plans , finance teams can often realistically reduce their compute costs by 30% to 40%, reducing their overall AWS bill by as much as 25%.

article thumbnail

FinOps Tool Vendors Adopt FOCUS

FinOps Foundation

and adoption of FOCUS by AWS, Google, Microsoft, and Oracle , FinOps Practitioners can now obtain and use FOCUS datasets for multi-cloud FinOps analysis. This source-agnostic billing standard is much-needed, as organizations must manage not just cloud infrastructure costs, but also SaaS, licensing, and on-premises costs.

FinOps 130
article thumbnail

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

FinOps Foundation

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.

FinOps 147
article thumbnail

A Comprehensive Guide to Choosing the Right FinOps Tools in 2024

finout

Table of Contents What Are Cloud FinOps Tools?

FinOps 52
article thumbnail

FinOps in the Real World: How One MSP Uses CloudCheckr

CloudCheckr

The FinOps Alliance delivers original FinOps content and expertise “to collaborate with our audience and grow a library of functional and useful FinOps approaches that are a reflection of the current state of Cloud FinOps practices.” Customers want to know about their cloud costs, van der Maas says.

FinOps 52