May 26, 2024

TCP Talks: The evolution of Finops & Why you should attend Finops-X

37 minutes

Summary – Finops X

In this conversation, Joe Daly and Rob Martin from the FinOps Foundation discuss the latest developments in the FinOps space and Finops-X. They talk about the evolution of FinOps practices, the growth of the FinOps community, and the importance of the Focus project, which aims to standardize billing data from different cloud providers. They also discuss the adoption of FinOps practices by SaaS companies and the future of the FinOps space. The conversation covers the updates and changes in the FinOps framework, including the addition of allied personas and the simplification of domains and capabilities. It also discusses the upcoming Finops-X conference and the value it provides for attendees, including deep and concrete content, networking opportunities, and career advancement.

Keywords

FinOps, FinOps Foundation, FinOps X conference, podcast, cloud providers, Focus project, billing data, cloud-agnostic, tool agnostic, open source project, SaaS companies, FinOps framework, allied personas, domains and capabilities, Finops-X conference, deep content, networking, career advancement, Finops-X Europe

Takeaways

FinOps practices have evolved to focus on making processes more operational and improving decision-making in businesses.

The FinOps Foundation has seen significant growth, with over 100 members, including major cloud providers.

The Focus project, an open billing standard, aims to consolidate billing data from different cloud providers and enable more effective cost allocation.

The adoption of FinOps practices by SaaS companies is increasing, with a focus on consumption-based licensing management.

The future of the FinOps space includes expanding the Focus project to include sustainability data and additional usage-based data. The FinOps framework has been updated to include allied personas and simplified domains and capabilities.

Finops-X conference provides valuable content, networking opportunities, and career advancement for attendees.

Finops-X Europe conference in Barcelona offers a focused event for the European market.

The conversation also mentions the importance of small businesses attending the conference and the success stories of attendees.

Sound Bites

“How do I make these processes much more operational? How do I affect the broader decision-making going on in my business?”

“The Focus project… will consolidate or specify how billing data should come from the different cloud providers.”

“The Focus project… essentially handles the data ingestion problem that has plagued a lot of organizations early on.”

“The two big changes that happened this year were the addition of a lot of allied personas.”

“We’ve simplified those down into four key domains.”

“What other things are you guys excited about for Finops-X?”

About Joe Daily & Rob Martin

Joe Daly is a Director of Community for the FinOps Foundation, which is kind of like sitting at the largest lunch table in Middle School, but with less vaping. He’s had illustrious careers as a CPA (the Statute of Limitations has past for all tax returns he prepared and he has let his CPA expire), Corporate Taxation, IT Finance & Accounting, IT Portfolio Management, a regrettable stint as

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