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State of FinOps ’24: Top Priorities Shift to Reducing Waste and Managing Commitments

FinOps Foundation

Key Insight: With economic pressure increasing across the world in 2023, many organizations are leaning on their FinOps teams to help prioritize cloud optimizations. Sustainability teams have limited intersection with FinOps teams today, but that number is expected to increase substantially in the future.

FinOps 331
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What are the main challenges of the MLOps process?

FinOps in Practice

Cost-efficiency MLOps helps to optimize the use of resources such as computing power, storage, and data bandwidth by automating processes and reducing manual labor. Data Collection and Preparation In this stage, data is collected and preprocessed so that it is of high quality, sufficient in quantity, and appropriate for training the models.

FinOps 100
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How to debug and profile ML model training

FinOps in Practice

For instance, OptScale , a FinOps and MLOps open source platform, gives full transparency and a deep analysis of internal and external metrics to identify training issues. This includes profiling the model’s computational performance, memory usage, and I/O operations.

FinOps 130
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Rightsizing recommendations: get GCP costs down with Google Cloud optimization services

FinOps in Practice

Having access to rightsizing recommendations to consider can really help businesses leaders and FinOps teams to solve and improve their companies’ current processes and usage. It is based on system metrics which collect Cloud Monitoring service data over the previous 8 days. Rightsizing is often a huge challenge which companies face.

FinOps 130
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GCP Cloud Logging Pricing

finout

Unfortunately, for many companies, the cost implications of cloud technologies have not been sufficiently addressed, even with the rising number of FinOps solutions dedicated to reducing cloud spend.

FinOps 52