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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.
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: 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
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: 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.
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?
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.
Every time your company onboards a new client or releases a new product, your cloud bill will grow. Add to that factors such as economic inflation and increased demand for high-speed, high-power cloud services, and it may seem like each month’s cloud bill is higher than it was before.
billion by 2023 according to a Gartner forecast. Far too often, businesses find themselves facing unforeseen expenditures, as their bills frequently exceed initial budgets. Why Cloud Cost Optimization is Non-Negotiable Cloud spending is on an inevitable upswing, projected to reach a staggering $597.3
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 Cloud FinOps (pg.
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