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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

Key Insight: The FinOps Foundation’s Technical Advisory Council has approved an updated definition of FinOps. Over the next few months, other changes to the FinOps Framework will follow. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

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 Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

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 Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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Effective Savings Rate: Establishing a Metric to Measure the True Impact of Cloud Financial Management

ProsperOps

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 cloud FinOps practitioners an objective measurement to definitively understand whether or not they are achieving optimal results.

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

FinOps Foundation

tables, files, API) Consumers of cloud billing data are end users (at companies) that use paid cloud resources, tools, and/or services. They can refer to the Specification for clarification about the definition of a column of data. Now, they can learn a single process to run queries on cloud billing data, no matter the origin.

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Map Your Cloud Journey: 50 Essential Cloud KPIs to Guide the Way

CloudCheckr

Cost of hiring new talent: Recruitment costs shouldn’t just include advertising, but also the time spent screening and interviewing candidates, training, and provisioning of a desk and computer. Cloud Operational Costs Lower operational expenses will be one of your primary adoption objectives. The answer should definitely be “Yes.”)

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