Tag: finops addoption
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Key Takeaways from the State of FinOps 2025
Many companies exhibit low maturity in FinOps, focusing primarily on workload optimization and waste reduction, indicating a reluctance to shift from traditional CAPEX thinking. Unit Economics ranks low in priorities, suggesting that senior leaders emphasize cost savings over the value of cloud investments.
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Why FinOps Foundation Won’t Host FinOps XE Again in Europe
The FinOps XE event in Barcelona was a significant success, fostering collaboration among global practitioners, discussing important topics like FinOps scopes, AI, and FOCUS. However, a repeat event in Europe is unlikely due to organizational capacity constraints.
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FOCUS can help Engineers take action
In a recent blog post, we delved into how Reserved Instances can impact engineering accountability. We emphasized the necessity for ownership of cloud costs and proposed solutions. Introducing FOCUS, a standard for harmonizing cloud billing data, with stable pricing and cost columns to enhance transparency and alignment for FinOps teams.
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FinOps Success Case – FARFETCH
Farfetch’s IT arm, FTECH, achieved noteworthy cost optimization in 2023, spending €3.4M less than in 2022. Their FinOps approach, including cultural practices and cost-saving initiatives, resulted in significant successes. Looking ahead to 2024, they plan to build on these achievements.