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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

The Cloud FinOps 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 Cloud FinOps community.

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Investing in the Future of Cloud FinOps Automation

ProsperOps

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. For the third year in a row, “empowering engineers to take action” is the #1 FinOps pain point.

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The Scope of FinOps Extends Beyond Public Cloud

FinOps Foundation

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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FinOps Tool Vendors Adopt FOCUS

FinOps Foundation

and adoption of FOCUS by AWS, Google, Microsoft, and Oracle , FinOps Practitioners can now obtain and use FOCUS datasets for multi-cloud FinOps 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.

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

FinOps Foundation

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.

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