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AWS re:Invent 2024 FinOps Updates

FinOps Foundation

Key Insight: At re:Invent 2024, AWS announced numerous product enhancements that help FinOps Practitioners and their organizations optimize their cloud usage. The FinOps Foundation caught up with several AWS Product Managers at re:Invent and asked them what their teams have delivered and how these updates will impact Practitioners.

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FinOps X Europe 2024 – Breakout Sessions

FinOps Foundation

Key Insight: Dozens of breakout sessions and interactive chalk talks at FinOps X give Practitioners insights from their peers to help solve real challenges that exist in their organizations today. This content is formed around key FinOps Topics we see in practice today.

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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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FOCUS 1.1 Now Available. Adoption Continues for Practitioners and Vendors.

FinOps Foundation

the fourth release of the FOCUS Specification, is now available for cloud vendors and FinOps Practitioners to adopt. The FinOps Open Cost and Usage Specification (FOCUS ) Version 1.1 in June 2024, FinOps Practitioners could get their own cloud billing data in the FOCUS format from four of the leading cloud service providers.

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2024 re:Invent announcement recap for AWS Cloud Financial Management services

AWS FinOps

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.

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Driving a Successful Company-Wide FinOps Cultural Change

finout

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.

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How To Create a Cost-Effective AWS Environment

finout

Elastic Compute Cloud (EC2) EC2 instances typically account for a significant portion of an organization's AWS expenses. Making cost metrics visible fosters ownership and accountability. Continuous Improvement: FinOps encourages the constant evolution of cost management practices to meet changing business needs.