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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

Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills. By leveraging Reserved Instances and Savings Plans , finance teams can often realistically reduce their compute costs by 30% to 40%, reducing their overall AWS bill by as much as 25%.

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

ProsperOps

Discount Instruments Compute (EC2, Lambda, Fargate) comprise more than 60% of most organizations’ cloud bills. By leveraging Reserved Instances and Savings Plans , finance teams can often realistically reduce their compute costs by 30% to 40%, reducing their overall AWS bill by as much as 25%.

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

FinOps Foundation

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.

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A Comprehensive Guide to Choosing the Right FinOps Tools in 2024

finout

Table of Contents What Are Cloud FinOps Tools?

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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.

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