FinOps Foundation

JANUARY 24, 2024

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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FinOps Foundation

JANUARY 24, 2024

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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FinOps Foundation

JANUARY 24, 2024

The Cloud FinOps community has grown exponentially since the launch of the FinOps Foundation in 2019. The Cloud FinOps community has grown exponentially since the launch of the FinOps Foundation in 2019. The FinOps Framework has created consistency in terminology, practices, and approaches that benefit this interaction.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Google Cloud’s 2023 roadmap aimed to better address the needs of FinOps practitioners. Future features will aim to get all stakeholders invested in FinOps outcomes.

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ProsperOps

DECEMBER 13, 2023

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Greetings and welcome to another stellar episode of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer. Whether you are new to #FinOps or a seasoned pro, this episode has something for everyone so tune in to the Faces in FinOps Podcast today.

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ProsperOps

DECEMBER 20, 2023

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Welcome to a very special episode of Face in FinOps this week where Jon hosted a chat at AWS re:Invent 2023 with the AWS OPTICS Team featuring Alex Head (Head of Optimization), Wade Piehl (Sr.

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ProsperOps

DECEMBER 6, 2023

“Faces in FinOps” is hosted by Jon Myer and powered by ProsperOps. Welcome to Episode 14 of the Faces In FinOps Podcast, powered by ProsperOps, with your host, Jon Myer! Her journey from a DevOps engineer to a pivotal role in the FinOps domain is both inspiring and informative.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. Google is working toward 100%.

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FinOps Foundation

FEBRUARY 1, 2024

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary Practitioner Focus : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. Google is working toward 100%.

FinOps 100

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ProsperOps

FEBRUARY 23, 2023

There’s no better time to expand our reach and deepen our capabilities, given the nascent maturity of FinOps as a discipline, not to mention the recession in tech. Most companies are leaving money on the table The FinOps Foundation’s 2023 State of FinOps report lays out the thesis for ProsperOps in 2023 and beyond.

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ProsperOps

FEBRUARY 17, 2023

Erik Carlin, co-founder and CPO at ProsperOps, recently joined the FinOps Guys podcast to share his take on FinOps metrics including Effective Savings Rate (ESR). So the focus of ProsperOps is really to take software and use it to deliver better FinOps outcomes.”

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ProsperOps

JANUARY 31, 2023

In our recent report, Cloud Cost Optimization 2.0 , we break down traditional methods for managing cloud costs, “CCO 1.0,” and examine a new approach that uses AI and automation. Let’s start by framing how cloud cost optimization tools and techniques typically work, and how a new approach can impact your bottom line.

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ProsperOps

MARCH 28, 2023

FinOps Automation Mitigates Common Cost Concerns As a result, organizations are often forced into reactive cost management, which is inefficient and hinders savings performance, not to mention the burden on already overworked engineering teams. This leads to an acceleration of innovation that positively impacts the business.

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FinOps in Practice

DECEMBER 7, 2023

An inspired project manager comes to him and requests a new installation of a platform for building an ML system. If both act in the interests of the company, the IT director will ask clarifying questions: What business problem are you trying to solve with the new ML system? It looks very expensive and is not always justified.

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FinOps Foundation

FEBRUARY 1, 2024

Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number they see. Then move to more complicated rightsizing activities that require engineering input.

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FinOps Foundation

FEBRUARY 1, 2024

Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can trust that the potential savings number is achievable. The FinOps community debates whether usage or rate optimization should be addressed first.

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FinOps in Practice

SEPTEMBER 10, 2023

If desired metrics of an ML model cannot be achieved, one can try to expand the feature description of dataset objects with new features. New features can include: for tabular data: arbitrary transformations of existing object features, such as X^2, SQRT(X), Log(x), X1*X2, etc., This is clearly shown in the scheme as a Feedback Loop.

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FinOps in Practice

AUGUST 22, 2023

In fact, moving from one maturity level to a higher one presents new challenges to the team, which they may not have been aware of before. on GitHub → [link] The post MLOps maturity levels: the most well-known models first appeared on FinOps in Practice. Like most IT processes, MLOps has maturity levels. However, it is well described.

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FinOps in Practice

OCTOBER 24, 2023

As soon as they begin to decline, the model needs to be retrained or replaced with a new one. Therefore, the dataset needs to be changed, and new experiments need to be conducted. At the same time, the new model should be put into production as soon as possible. This often happens due to changes in input data (data drift).

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FinOps in Practice

APRIL 2, 2023

Check for overfitting Overfitting occurs when a model performs well on the training data but poorly on new, unseen data. Machine learning (ML) models are an integral part of many modern applications, ranging from image recognition to natural language processing. Prepare the data to use only relevant information for model training.

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FinOps in Practice

SEPTEMBER 7, 2022

Business leaders are actively looking for strategies to implement within their FinOps teams. How Google Cloud Platform entices users GCP offers new customers enticing benefits. Additionally, new customers receive complimentary access to 25+ products within their monthly usage limits. billion USD by 2027.

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FinOps in Practice

NOVEMBER 15, 2023

The team can: Write all the code to set up a RESTful service, Implement all the necessary wrapper code around it, Collect everything in a Docker image, Eventually, spin up a container from this image somewhere, Scale it in some way, Organize metrics collection, Configure alerts, Set up rules for rolling out new model versions, and much more.

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Economize

JANUARY 18, 2024

The new BigQuery FOCUS view is an effort from GCP to simplify the cloud billing efforts taken by Organizations using a multi-cloud environment. Being a core contributor to the FinOps FOCUS Project, GCP has taken a significant step towards standardizing cloud cost management.

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Billing FinOps FinOps Computation 59

FinOps in Practice

FEBRUARY 8, 2023

It is no coincidence that the field of cloud cost management and FinOps have emerged, which are designed to identify excessive and redundant resources that waste the budget. Many techniques can be used for cloud cost optimization, and the FinOps role is becoming increasingly essential.

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CloudZero

JANUARY 23, 2023

The rift between the two teams is so large it caused the birth of a whole new SaaS company department — FinOps — to help them work together. In the SaaS world, it’s an accepted fact that engineering teams care most about performance, while finance teams primarily care about costs.

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FinOps in Practice

MARCH 21, 2023

MLOps stands for Machine Learning Operations and refers to the practice of implementing the development, deployment, monitoring, and management of ML (machine learning) models in production environments. The ultimate goal of MLOps implementation is to make ML models reliable, scalable, secure, and cost-efficient.

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FinOps FinOps Computation Collections 100

FinOps in Practice

NOVEMBER 30, 2022

It is made possible by introducing new services in Amazon’s product lineup as well as providing both horizontal and vertical scaling features by default. Well, it’s because it’s of utmost importance for literally all businesses that use Amazon Web Services to come up with a pricing strategy that will suit their needs but won’t hit the wallet.

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Azure FinOps

MAY 2, 2023

FinOps, or, financial operations, is still a new practice area. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams.

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Azure FinOps

MAY 2, 2023

FinOps, or, financial operations, is still a new practice area. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams. Many companies, struggling to understand and control their cloud costs and keen to find solutions, have started FinOps teams.

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FinOps in Practice

MARCH 20, 2023

MLOps allows teams to launch new projects more easily, assign data scientists to different projects more smoothly, helps with experiment tracking, infrastructure management; and simply implement best practices for machine learning. We don’t think so. MLOps helps to speed up the pace of innovation for organizations.

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ProsperOps

APRIL 26, 2023

This includes streamlining complex cloud financial management (FinOps) processes, which is why I am excited to announce our latest feature, Dynamic Prepay Amortization Tracking. New prepayment deployed : new SP and RI prepayment deployed during the month. This value is typically reflected on a company’s balance sheet.

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Azure FinOps

MARCH 14, 2023

Since my focus is on FinOps and the impact of an organization’s technology choices on cloud runtime costs, one of my first thoughts upon learning about the Azure/OpenAI integration was, how much does this cost and what are the cost elements? how can these choices be justified from a unit economics point of view).

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Azure FinOps

MARCH 14, 2023

Since my focus is on FinOps and the impact of an organization’s technology choices on cloud runtime costs, one of my first thoughts upon learning about the Azure/OpenAI integration was, how much does this cost and what are the cost elements? how can these choices be justified from a unit economics point of view).

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