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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?
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
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. You can simulate an entire bill computation by including cost impact analysis to workload and purchase option changes (e.g., 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: Microsoft discovered that FinOps is the key to cloud success after a lift and shift approach left savings on the table. Managing the cloud bill is a shared responsibility among cloud providers, customers, and partners. Partners can help facilitate optimal usage.
Summary Education: Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
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 Microsoft is expanding the cost and usage data available in the portal so that FinOps practitioners can gain insights that improve their practice. Summary Education : Microsoft wants to help organizations learn how to adopt FinOps.
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?
Key Insight Since clean, usable data underpins all of FinOps, Microsoft is expanding the cost and usage data available to you in the portal, and making more datasets available to you through cost management exports. Summary Education: Microsoft is investing in helping organizations learn how to adopt FinOps.
The insights are particularly valuable for teams as they begin their FinOps journey and subsequently mature through its phases. Start with the Right Metrics to Understand Cloud Resources and Rates FinOps cost optimization can be thought of as spanning two universes: financial and engineering.
The insights are particularly valuable for teams as they begin their FinOps journey and subsequently mature through its phases. Start with the Right Metrics to Understand Cloud Resources and Rates FinOps cost optimization can be thought of as spanning two universes: financial and engineering.
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.
FOCUS (FinOps Open Cost and Usage Standard), supported by the FinOps Foundation, is an open-source cloud cost and usage specification that provides standardization to normalize cost and usage data and simplify cloud financial management across multiple sources. In this blog post, we discuss the benefits of 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: Fast cost data can mean more frequent Data Ingestion , which leads to faster decision-making ability in a FinOps practice. At Google Next ‘24, Google Cloud announced several new FinOps features. See the FinOps Landscape for more tools with support for Anomaly Management. Read more from Google. Read more from Google.
In particular, this concerns the policy of rights management, financial cloud management and billing – aspects that are the most common reasons for wasted resources. The billing account has its own set of permissions, which allows you to have full control of who can view, or manage, this very account.
Summary Education : Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
Summary Education: Microsoft wants to help organizations learn how to adopt FinOps. While tools help with implementing FinOps, the cultural shift can be more difficult, so Microsoft is focusing on teaching people about the collaboration that is required to be successful with FinOps.
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.
FinOps Basics: What is Cloud Cost Optimization? Many of us have been here: Finance panics about the cloud bill and puts pressure on engineering to investigate. That means a change made months ago could reflect poorly on the cloud bill today. That means a change made months ago could reflect poorly on the cloud bill today.
Excitement filled the air, as James Greenfield, VP of AWS Commerce Platform, took the stage at 2024 FinOps X in San Diego. This is our first time attending the conference as a member of the FinOps Foundation. Let’s take a moment to recap the product announcements made at FinOps X and how they can help accomplish your FinOps goals.
Business leaders are actively looking for strategies to implement within their FinOps teams. There is greater pressure and awareness of how to best manage cloud infrastructure today, as well as how to help enhance IT infrastructure usage in order to reduce monthly cloud bills.
When a company uses AWS services, whether running virtual servers or storing data, it is billed for the resources it consumes. The FinOps team within the company naturally wants to stay in the know of the cloud costs to reduce and optimize them.
It is no coincidence that such an area as cloud cost management, and later FinOps, appeared, which are designed to identify excessive and redundant resources that spend the budget in vain. Hopefully, keeping them more top of mind will help you and your FinOps team avoid them come next month.
With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage. AG has a significant investment in cloud – Azure, AWS and GCP and a correspondingly large series of cloud bills. Why is this spending increasing?
With this in-mind, let’s consider the difficulties I’m seeing in the field as organizations struggle (I think that’s the right word) to adopt FinOps principles to their cloud usage. AG has a significant investment in cloud – Azure, AWS and GCP and a correspondingly large series of cloud bills. Why is this spending increasing?
The FinOps Program Manager In the past year, FinOps has gained a solid foothold in the cloud space. This is great, because that is the goal FinOps tried to achieve… right? This is great, because that is the goal FinOps tried to achieve… right? Enter: The FinOps Program Manager. Yes and no.
Amazon Web Services (AWS), for example, delivers billing data through Cost and Usage Reports, whereas Microsoft Azure uses Cost Management APIs. This discrepancy makes it challenging for FinOps professionals to standardize and analyze data effectively. Table of Contents
Discover the transformative power of FinOps Open Cost & Usage Specification (FOCUS), a game-changer in the realm of cloud cost management that standardizes metrics across providers, enhancing data trust and promoting efficient decision-making
FinOps, or, financial operations, is still a new practice area. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. This is good.
FinOps, or, financial operations, is still a new practice area. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. This is good.
FinOps vs. GreenOps vs. Sustainability Since FinOps started gaining traction in the larger cloud technology community, we’ve seen an increase in the use of the term ‘GreenOps’ as well. For a lot of organisations, the goal of FinOps is reasonably clear, while GreenOps tends to just be ‘FinOps, but for sustainability’.
This post is about getting started with FinOps or, more specifically, how to cultivate a cloud optimization point of view and the obstacles you’re likely to face. If you’re interested in starting a FinOps practice within your organization, this is for you. It won’t shock you to learn there aren’t many companies like this.
This post is about getting started with FinOps or, more specifically, how to cultivate a cloud optimization point of view and the obstacles you’re likely to face. If you’re interested in starting a FinOps practice within your organization, this is for you. It won’t shock you to learn there aren’t many companies like this.
These two above considerations may or may not affect your AWS cloud cost management strategy in the long run, but in any case, you shouldn’t overlook them when adopting your FinOps approach. on GitHub → [link] ??
Having access to rightsizing recommendations to consider can really help businesses leaders and FinOps teams to solve and improve their companies’ current processes and usage. These recommendations help GCP users, for example, make adjustments more seamlessly within the platform and prevent cloud bill surprises.
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