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Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps as it evolves to a Cloud+ approach to managing technology spend. FinOps Framework 2025 The FinOps Framework What is the FinOps Framework? The FinOps Framework offers building blocks for a successful FinOps practice.
At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with Phil Newman , VP of Product Management at Oracle, to talk about FOCUS and to ask Phil what he thinks the Future of FinOps will look like. They will continue to add to this suite of tools.
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: Microsoft integrates GenAI into FinOps tooling to help all stakeholders get insights from cost and usage data. Microsoft has integrated CoPilot with Azure to bring GenAI to FinOps (i.e., AI for FinOps). FinOps for AI Cyril believes that This AI moment was made for FinOps. See Applying FinOps to GenAI.)
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?
At FinOps X in San Diego in June 2024, J.R. Storment , Executive Director of the FinOps Foundation, sat down with James Greenfield , VP of AWS Commerce Platform, to ask what he thinks the Future of FinOps will look like. Better data, as well as FOCUS, will unlock faster decision-making and more innovation.
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
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
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
The landscape of financial operations (FinOps) is undergoing a transformative change as organizations embrace cloud technologies. A successful FinOps cultural change within a company isnt just about adopting new tools or processes; its about creating a financial mindset that permeates every level of the organization.
Key Insight: The FinOps Maturity Model – often referred to by its stages “Crawl, Walk, and Run” – is a key component of the FinOps Framework. Why is the Maturity Model part of the FinOps Framework? FinOps teams can use these descriptions as general indicators of where your needs are today.
Key Insight: Microsoft discovered that FinOps is the key to cloud success after a lift and shift approach left savings on the table. AI and LLMs have the potential to transform an organization’s approach to migration and modernization, and towards a cost-aware architecture. Partners can help facilitate optimal usage.
Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps and to better align activities with best practices that maximize the business value of cloud. The FinOps Framework is the operating model for FinOps that guides you as you develop your practice. Why is the Framework changing?
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. As the FinOps leaders, you centrally develop the strategies, policies, and KPI targets. We announced the preview version back in June at FinOps X.
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: FinOps success results from getting FinOps practitioners, product teams, and engineers to think cost-first with architectural decisions, and that starts with clean, reliable data. Developing SQL queries to run on their data is how FinOps Practitioners can creatively solve business problems.
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.
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.
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: 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.
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.
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 at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Mike sees some of the most interesting FinOps challenges arise after a team has been established for a few years.
There’s no better time to expand our reach and deepen our capabilities, given the nascent maturity of FinOps as a discipline, not to mention the recession in tech. Most companies are leaving money on the table The FinOps Foundation’s 2023 State of FinOps report lays out the thesis for ProsperOps in 2023 and beyond.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.
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.
“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Welcome to Episode 14 of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer! Her journey from a DevOps engineer to a pivotal role in the FinOps domain is both inspiring and informative.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.
Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Google Cloud’s 2023 roadmap aimed to better address the needs of FinOps practitioners. Future features will aim to get all stakeholders invested in FinOps outcomes.
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.
After realizing that an initial lift-and-shift cloud strategy was costly, Andrew (Andy) Boerjan, Vice President of IT at Athene, saw how FinOps-focused cloud operations facilitates rapid cloud adoption and growth. Andrew believes that FinOps will bring much more than cost savings to their business.
After realizing that an initial lift-and-shift cloud strategy was costly, Andrew (Andy) Boerjan, Vice President of IT at Athene, saw how FinOps-focused cloud operations facilitates rapid cloud adoption and growth. Andrew believes that FinOps will bring much more than cost savings to their business.
“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Greetings and welcome to another stellar episode of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer. Whether you are new to #FinOps or a seasoned pro, this episode has something for everyone so tune in to the Faces in FinOps Podcast today.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
In order to know if FinOps is “working,” SAP reviews spending and optimization progress on a weekly basis– a process sponsored and supported by leadership. FinOps best practices empower SAP to deliver visibility at a granular level – project, team, resource, etc.
Fidelity is 5 years into their FinOps journey, and as Jennifer Hays, Sr. Fidelity has been successful with a “Hub & Spoke” model for FinOps: A core team completes tasks that can benefit the entire company, but each business unit is free to choose their own clouds and resources, and has their own FinOps practice in place.
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