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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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Getting Started with Cloud FinOps: Top 3 Cloud Cost Optimization Strategies

ProsperOps

In this way, stakeholders have visibility into cloud costs, so that they can trend decisions over time. This information is a prerequisite for accountability. Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills.

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Getting Started with Cloud FinOps: Top 3 Cloud Cost Optimization Strategies

ProsperOps

In this way, stakeholders have visibility into cloud costs, so that they can trend decisions over time. This information is a prerequisite for accountability. Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills.

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FinOps in the Real World: How One MSP Uses CloudCheckr

CloudCheckr

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 Cloud FinOps practices.” Customers want to know about their cloud costs, van der Maas says.

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Stumbling Towards FinOps

Azure FinOps

AG has a significant investment in cloud – Azure, AWS and GCP and a correspondingly large series of cloud bills. Finance is perplexed; what is generating tens of millions worth of cloud spend? Why is this spending increasing? Frederic tried his best, but the work of the team cannot be done by one person.

FinOps 52
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Stumbling Towards FinOps

Azure FinOps

AG has a significant investment in cloud – Azure, AWS and GCP and a correspondingly large series of cloud bills. Finance is perplexed; what is generating tens of millions worth of cloud spend? Why is this spending increasing? Frederic tried his best, but the work of the team cannot be done by one person.

FinOps 52
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Map Your Cloud Journey: 50 Essential Cloud KPIs to Guide the Way

CloudCheckr

In other words, you need to account for the interest you’d have earned if you held onto that capital or the interest and fees you paid to take out a loan. Cloud Operational Costs Lower operational expenses will be one of your primary adoption objectives. Monthly cloud bills: Are costs in line with forecasts?

FinOps 52