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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.

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Will AI and LLMs Transform FinOps?

FinOps Foundation

Key Insight: Microsoft discovered that FinOps is the key to cloud success after a lift and shift approach left savings on the table. AI and LLMs have the potential to transform an organization’s approach to migration and modernization, and towards a cost-aware architecture. Partners can help facilitate optimal usage.

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FinOps Maturity: Using the Model to Assess your Capabilities

FinOps Foundation

Key Insight: The FinOps Maturity Model – often referred to by its stages “Crawl, Walk, and Run” – is a key component of the FinOps Framework. Why is the Maturity Model part of the FinOps Framework? FinOps teams can use these descriptions as general indicators of where your needs are today.

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Key 2024 Changes to the FinOps Framework

FinOps Foundation

Key Insight: The FinOps Framework has been updated to reflect the present-day practice of FinOps and to better align activities with best practices that maximize the business value of cloud. The FinOps Framework is the operating model for FinOps that guides you as you develop your practice. Why is the Framework changing?

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Why a Reliable Data Lake Is Critical to FinOps Success

FinOps Foundation

Key Insight: FinOps success results from getting FinOps practitioners, product teams, and engineers to think cost-first with architectural decisions, and that starts with clean, reliable data. Developing SQL queries to run on their data is how FinOps Practitioners can creatively solve business problems.

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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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