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Tag: finops addoption
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.
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.
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.
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.