What's new in Cloud FinOps‪?‬ The FinOps Guys - Stephen Old and Frank Contrepois

This month we talk about the FinOps Framework. The Framework has been vastly improved and updated to match what FinOps practitioners are doing, in the tranches. 

Who better than Rob Martin to guide us into the Framework?  No-one. And we like him so much that he is the first returning interviewee. 

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In this episode, we (SteveO and Frank) interview Rob Martin from the FinOps Foundation to discuss the recent updates to the FinOps framework. 

We talk about the process of updating the framework, the changes made to the domains and capabilities, and the importance of simplifying the language. 

We also discuss the first steps for organizations and individuals new to FinOps, including using the framework sub-site and conducting a maturity assessment. 

The conversation also touches on the significance of visibility and transparency in building trust within the organization, the different personas involved in FinOps a new type of persona called 'allies'

The conversation also touches on the upcoming changes to the framework, including updates to the certifications and training. We introduce some of the FinOps upcoming events, including the Members' Summit, FinOps X, and FinOps XE.

In this episode, Steve Trask, VP of Marketing at the FinOps Foundation, discusses the State of FinOps report and the insights gained from four years of research. 

They explore topics such as team structure, automation, executive buy-in, and the evolving priorities of FinOps practitioners. They also touch on the challenges of measuring the value of the FinOps team and the growing importance of sustainability in cloud operations. 

The conversation highlights the need for focus and prioritization in FinOps practices and the impact of economic factors on cloud optimization. 

The conversation explores the challenges of budget allocation and accountability in large organizations, particularly in the context of cloud spending. It highlights the difficulty of breaking down budgets and creating visibility at the team level. 

The speakers discuss the gap between accountability and responsibility for spend and the struggle to implement changes as organizations scale. They also touch on the importance of cultural change and the need for champions within the organization to drive FinOps practices. The conversation concludes with a discussion of upcoming events and the global adoption of FinOps.

Keywords
FinOps, State of FinOps, team structure, automation, executive buy-in, priorities, sustainability, focus, economic factors, cloud optimization, budget allocation, accountability, cloud spending, team level breakdowns, cultural change, champions, upcoming events, global adoption

AI generated.

In this episode, Frank and Steve discuss various news and updates in the cloud industry. 

They cover topics such as 
New AMD instances in AzureHolographic stickers - most important news :)Azure cache for Redis, BigQuery cost savingsAmazon RDS custom for SQL ServerAzure SQL managed instance improvementsChanges in AWS cost managementAWS Cost CategoryRetroactive application of cost allocation tagsAWS billing and cost management data export with CloudFormationReserved instances for Amazon Aurora Postgres Optimized ReadDataflow streaming commits use discountsAzure updates for enterprise customers Azure AI speechAmazon SageMaker Canvas pricingAWS Compute Optimizer supporting more EC2 instance typesFree data transfer out of AWS and AzureTagging with registering or copying AMIs in Amazon EC2Updates to the FinOps framework, Azure carbon optimization tool for tracking emissions Increased default quota for CloudWatch log APIs AWS extending the lifespan of servers. They also briefly discuss Intel's losses and changes in the chip industry.

In this bonus episode, we talk about FinOps careers and how each of us, the three hosts, have come to FinOps from three very different paths.

- Donal from finance and accounting
- Stephen from hospitality, sales, and more
- Frank from being a geek in a basement

It is a great episode with the appearance of an old Nokia phone, the loss of the main host (Donal) for some time, and some really serious fun. 

WNiCF - February  2024 - News
Good amount of news, some sarcastic comments and lot of opinions :) 
Frank's interview with StephFinOps X websiteFrank and Stephen have gone through everything that has a financial impact and quickly try to tell you why it may matter to you and your organisation.

Send you feedback, ideas, invitations or any other thing you want to talk about at: podcast@finopsguys.co.uk

First news episode of the year. And this time we have a limited amount of news. Dry January for FinOps news too :)  

The FinOps Guys are Stephen Old and Frank Contrepois and we can be contacted at podcast@finopsguys.co.uk