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The Evolution of FinOps: Day 1 Keynote Themes from FinOps X 2024

FinOps Foundation

Key Insight: The FinOps X 2024 Day 1 Keynotes covered the Evolution of FinOps to include more technology spending beyond public cloud, FinOps for AI, cost-aware product decisions, carbon-aware FinOps. Stories from Disney and Uber spoke to the the constantly changing FinOps landscape, the FOCUS 1.0

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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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Day 2 Keynote at FinOps X 2024

FinOps Foundation

Key Insight: The 2024 Day 2 Keynotes brought something brand new to FinOps X: feature announcements from the three largest clouds. with native billing exports, and revealed a number of important enhancements for FinOps Practitioners. Google Cloud, Microsoft, and AWS all announced support for FOCUS 1.0

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How Do FinOps Teams Continue to Add Value in an Optimized Environment?

FinOps Foundation

Key Insight: FinOps at enterprise scale requires ongoing discipline, improvement, and maintenance; even if you think you have it all right, new challenges await as your cloud footprint and utilization increases. Mike sees some of the most interesting FinOps challenges arise after a team has been established for a few years.

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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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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 and Sustainability Teams Collaborate to Optimize Carbon

FinOps Foundation

Key Insight: Carbon optimization is a growing concern for organizations, and Environmental, Social, and Governance (ESG) teams can leverage the culture of collaboration and waste reduction that FinOps teams have cultivated. Data suggest that sustainability and FinOps practitioners are up to the task.

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