FinOps Foundation

OCTOBER 16, 2024

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.

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FinOps in Practice

FEBRUARY 25, 2023

However, like with other cloud platforms, the cost of Microsoft Azure is not that easy to manage, especially due to the potential for hidden costs that can burn a big hole in your budget. This happens when you allocate more resources – it can be storage, capacity, or bandwidth – to a virtual machine than it actually needs.

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ProsperOps

JANUARY 31, 2023

By 2025, 51% of IT budgets will go to cloud-based systems and operations. FinOps Basics: What is Cloud Cost Optimization? Today, engineers are far more in control of their own destiny, and they often have their own budget for cloud computing expenses. needs to evolve to meet the needs of modern FinOps and DevOps teams.

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AWS FinOps

JUNE 21, 2024

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.

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FinOps in Practice

SEPTEMBER 7, 2022

Business leaders are actively looking for strategies to implement within their FinOps teams. Additionally, like other platforms out there and with cost optimization being a key focus of today’s FinOps teams, Google also offers a pricing calculator. Google also offers helpful courses and labs which to learn from.

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FinOps in Practice

AUGUST 9, 2023

The FinOps team within the company naturally wants to stay in the know of the cloud costs to reduce and optimize them. When a company uses AWS services, whether running virtual servers or storing data, it is billed for the resources it consumes.

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FinOps in Practice

SEPTEMBER 1, 2022

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.

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Azure FinOps

FEBRUARY 15, 2022

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.

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Azure FinOps

FEBRUARY 15, 2022

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.

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finout

OCTOBER 14, 2024

What Is AWS Budgets? AWS Budgets is a cloud cost management tool, provided free for Amazon Web Services users, which helps users plan, track, and manage their service usage and expenses. AWS Budgets can be tailored to the financial policies of an organization.

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The FinOps Alliance

JUNE 24, 2022

In this live edition of our podcast, we invited our network to join us and ask your burning FinOps questions! The central topic is Making FinOps Predictable Through Governance. The post Podcast – Episode #3 – Making FinOps Predictable Through Governance (Live edition) appeared first on The FinOps Alliance.

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FinOps.ie

JANUARY 21, 2021

Welcome to the FinOps Blog. We’ll also be interviewing business owners and accountants that we’ve worked with so that you get an insight into what the FinOps process looks like and what problems it solves through real-life case studies. Which is why I founded FinOps. In the meantime, we hope you enjoy the FinOps Blog!

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FinOps in Practice

DECEMBER 7, 2023

Sometimes, this is more difficult than asking management for a budget. on GitHub → [link] The post Key MLOps processes (part 5): Project initiation, or project initialization first appeared on FinOps in Practice. To convince the team, prepare answers to the questions: Why can’t we continue to work as before?

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FinOps in Practice

FEBRUARY 8, 2023

It is no coincidence that the field of cloud cost management and FinOps have emerged, which are designed to identify excessive and redundant resources that waste the budget. Many techniques can be used for cloud cost optimization, and the FinOps role is becoming increasingly essential.

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FinOps in Practice

NOVEMBER 10, 2022

When cyberattacks occur, they can also result in incurred cloud budget spend by intruders, which can be costly. FinOps teams use IAM to control who is authenticated, or able to log in, and authorized, those who have actual permission, to use the company’s resources. These details can be found here. on GitHub → [link] ??

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finout

MARCH 21, 2023

Table of Contents Why Budgeting and Forecasting are Important? If you're part of a finance or engineering team, you play a crucial role in cloud budgeting and forecasting. Trend-Based vs Revenue-Based Forecasting When To Use a Third-Party Tool?

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AWS FinOps

NOVEMBER 9, 2022

As budgeting season kicks off (or maybe you’re already in it), typical forecasting challenges become magnified when projecting future cloud costs. In your organization it might be called any number of names such as: Cloud Financial Management, Cloud Operations, Cloud Center of Excellence, or FinOps team.

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CloudZero

AUGUST 22, 2023

This makes sense, considering respondents said a staggering 32% of their cloud budget went to waste in 2022 alone. A recent report found that managing cloud costs, alongside resource usage, is the most pressing cloud management challenge for the fifth straight year.

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Economize

AUGUST 31, 2023

Far too often, businesses find themselves facing unforeseen expenditures, as their bills frequently exceed initial budgets. But this enthusiastic embrace comes at a cost—literally. Complexity Amplifies Cost The […]

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finout

JULY 15, 2024

The dynamic nature of cloud billing, with its myriad of services and pricing options, often leads to unexpected costs, making it challenging for organizations to stay within budget.

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Azure FinOps

MARCH 25, 2022

Planning for Multi-use With Synapse’s structure in-mind, your responsibility, from a FinOps point of view, is to determine how best to architect usage and tagging so consumption insights are available (and of course, to optimize that use).

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Azure FinOps

MARCH 25, 2022

Planning for Multi-use With Synapse’s structure in-mind, your responsibility, from a FinOps point of view, is to determine how best to architect usage and tagging so consumption insights are available (and of course, to optimize that use).

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CloudCheckr

JANUARY 26, 2023

One way to do so is to create a cross-functional group, like a Cloud Center of Excellence (CCoE) and/or FinOps organization, to manage and monitor your cloud investment and track your cloud KPIs, or key performance indicators. What Is FinOps? This is an area where a FinOps team, including members of finance, can offer their expertise.

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AWS FinOps

JANUARY 24, 2023

This is one of our customers’ biggest cloud financial management challenges, echoed by the State of FinOps 2022 survey for the past 2 years, and by IT leaders who ask us, “How can get our engineers to take a more active role in cost optimization?” A culture change is required.

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The FinOps Alliance

MAY 4, 2023

When it comes to AWS, there are different types of commitments that can help you make the most out of your cloud budgets. The post Making The Right Commitments to AWS: Reserved Instances vs. Savings Plans appeared first on The FinOps Alliance. Two of the most popular ones are Reserved Instances and Savings Plans.

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The FinOps Alliance

JULY 28, 2022

Finally, if you want to build a budget each year and forecast your cloud cost as accurately as possible, wouldn’t it be wonderful if you had a document for each delivered workload that went into detail about how costs are incurred and how cost should evolve for the infrastructure?

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Azure FinOps

JANUARY 19, 2022

As a design principle, choosing platform services over VMs is a good starting doctrine but it’s still important to estimate your potential costs and, within your design , select the correct tiers and savings plans to fit the requirement while optimizing usage from a cost efficiency point of view (part of a FinOps practice).

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Azure FinOps

JANUARY 19, 2022

As a design principle, choosing platform services over VMs is a good starting doctrine but it’s still important to estimate your potential costs and, within your design , select the correct tiers and savings plans to fit the requirement while optimizing usage from a cost efficiency point of view (part of a FinOps practice).

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FinOps.ie

FEBRUARY 5, 2021

At FinOps, we systemise and support your daily finance function. The post How to Build an Internal Finance Team that Doesn’t Need You appeared first on FinOps. Without a common structure, it’s easy to get distracted and jump from one project or task to another.

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finout

JUNE 3, 2024

Failing to professionally manage cloud costs can lead to costs spiraling out of control, deplete budgets, and result in financial instability. By implementing a strategic approach to cloud cost management, organizations can prevent budget overruns and align cloud spending with business objectives.

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finout

MAY 21, 2024

This process helps organizations understand where and how cloud resources are being consumed, enabling more informed budgeting and resource allocation decisions. Cost monitoring in Kubernetes involves tracking the resources used by applications running in Kubernetes clusters, such as CPU, memory, and storage, to manage expenses.

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finout

MARCH 13, 2024

This blog explores why fixed pricing may be a better choice than the common practice of charging per K8s pod, explaining how it can ease budgeting, simplify billing, and save money for companies using cloud services. When managing costs in Kubernetes (K8s) deployments, choosing the right pricing model is crucial.

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Tipalti

FEBRUARY 26, 2025

FP&A software helps financial teams manage budgets, more accurately forecast spending, and stay on track to meet long-term goals. Learn about the best FP&A software available today.

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Azure FinOps

JUNE 15, 2022

When it comes to managing your cloud costs, the last thing you want is to be surprised. So it’s important to use whatever tools are available that help with monitoring and forecasting. On Azure, one such tool is the ability to subscribe to a cost view from the Azure Cost Analysis portal.

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Azure FinOps

JUNE 15, 2022

When it comes to managing your cloud costs, the last thing you want is to be surprised. So it’s important to use whatever tools are available that help with monitoring and forecasting. On Azure, one such tool is the ability to subscribe to a cost view from the Azure Cost Analysis portal.

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Economize

JULY 12, 2023

This article provides an in-depth examination of top ITFM tools, reveals crucial factors for tool selection, and uncovers the significance of ITFM in controlling IT costs.

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FinOps Foundation

DECEMBER 16, 2024

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.

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