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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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Key 2024 Changes to the Definition of Cloud FinOps

FinOps Foundation

Key Insight: The FinOps Foundation’s Technical Advisory Council has approved an updated definition of FinOps. Over the next few months, other changes to the FinOps Framework will follow. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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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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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

On February 26, 2019, the FinOps Foundation was publicly launched on a webinar hosted by a committed group of enthusiasts managing cloud cost and usage, and viewed by dozens of people around the world. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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Redefining FinOps and Building a Stronger Framework

FinOps Foundation

On February 26, 2019, the FinOps Foundation was publicly launched on a webinar hosted by a committed group of enthusiasts managing cloud cost and usage, and viewed by dozens of people around the world. The first edition of Cloud FinOps was published later that year. And like the cloud, FinOps does not stand still.

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Effective Savings Rate: Establishing a Metric to Measure the True Impact of Cloud Financial Management

ProsperOps

ProsperOps has established a key FinOps metric that not only brings together the engineering and financial universes, but also paints a true picture of savings. This metric gives cloud FinOps practitioners an objective measurement to definitively understand whether or not they are achieving optimal results.

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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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