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The CloudFinOps 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 CloudFinOps community.
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 CloudFinOps was published later that year. And like the cloud, FinOps does not stand still.
Watch our webinar replay of What, Why, and How of CloudFinOps to gain a better understanding of these cloud cost optimization strategies and how to implement them within your organization. How Should Organizations Implement Cloud Cost Optimization Strategies?
Watch our webinar replay of What, Why, and How of CloudFinOps to gain a better understanding of these cloud cost optimization strategies and how to implement them within your organization. How Should Organizations Implement Cloud Cost Optimization Strategies?
The post Investing in the Future of CloudFinOps Automation appeared first on ProsperOps. If you’d like to learn more, connect with us on LinkedIn , or drop us an email at hello[at]prosperops.com. – Chris, Erik, and Chris For more, read the official press release or our feature in TechCrunch.
In the current landscape of cloud services, similar terminology still baffles professionals, and is used interchangeably. CFOs, CTOs, and cloud experts often mix up Financial Operations (FinOps) and CloudFinOps, among other terms.
Companies migrate to the cloud to become more productive, respond to market changes, and be flexible — while spending less on cloud infrastructure. But there is one thing that many cloud-based organizations have learned: Cloud costs add up.
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 CloudFinOps 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 CloudFinOps was published later that year. And like the cloud, FinOps does not stand still.
ProsperOps has established a key FinOps metric that not only brings together the engineering and financial universes, but also paints a true picture of savings. This metric gives cloudFinOps practitioners an objective measurement to definitively understand whether or not they are achieving optimal results. We’ll do it for you!
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
What Is FinOps? FinOps, or Financial Operations, is an operational framework for deriving maximal value from cloud computing, while providing the data necessary for strategic decision making, and encouraging financial accountability for the use of cloud resources.
The Need for CloudFinOps In the modern cloud-driven business landscape, companies increasingly rely on various cloud setups, including multi-cloud environments, legacy systems, hybrid clouds, and different cloud providers with diverse services and pricing models.
and adoption of FOCUS by AWS, Google, Microsoft, and Oracle , FinOps Practitioners can now obtain and use FOCUS datasets for multi-cloudFinOps 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.
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 CloudFinOps practices.”
Instead of placing the organization within the crawl, walk, run, hierarchy of cloudFinOps practice, this shortsightedness creates a situation of perpetual stumbling around. Frederic tried his best, but the work of the team cannot be done by one person. Why does this happen?
Instead of placing the organization within the crawl, walk, run, hierarchy of cloudFinOps practice, this shortsightedness creates a situation of perpetual stumbling around. Frederic tried his best, but the work of the team cannot be done by one person. Why does this happen?
Benefits for FinOps Practitioners With FOCUS, Practitioners themselves gain the ability to transfer their data skills to perform FinOps capabilities regardless of the platform or vendors used. Now, they can learn a single process to run queries on cloud billing data, no matter the origin.
Build trust and partnership between CFM and Engineering teams Many organizations are starting to identify Cloud Financial Management (CFM) or CloudFinOps as a key function. The CFM team (one or more specialists) is responsible for evangelizing and implementing capabilities that enable cloud cost management.
If you’ve been operating in the cloud for some time, then look at overall cloud spend to find ways to become more cost-efficient. Budget variance: Is your cloud spending aligned to your budgets? Review them to determine how the cloud fits into your budget over time. Are budget figures realistic?
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 CloudFinOps (pg.
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