inOps, short for Financial Operations, is a discipline and a set of practices focused on managing the financial aspects of cloud computing.

Intro to Finops

1. License Attribution / Use This work is licensed under a [Creative Commons Attribution 4.0 International License][cc-by]. Use or Adaption of this work requires attribution to the FinOps Foundation under the ccby4.0 license . You are free to: Share — copy and redistribute the material in any medium or format Adapt — remix, transform, and build upon the material for any purpose, even commercially. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. More details can be found at https://www.finops.org/introduction/how-to-use/ Copyright 2019-2024 FinOps Foundation – All rights reserved

2. Introduction to FinOps finops.org

3. A program of the Linux Foundation, we are a membership-based trade association funded by individual training and corporate memberships. Free to join for end-user practitioners. Vendors can become members for a fee. With 25 staff (in 6 countries) dedicated to furthering the advancement of the FinOps discipline and our members who practice it. A membership-based trade association of 22,000+ (including 48 of the Fortune 50) with a mission of: Connections & Community Education & Certification Best Practices & Standards Advancing the people who manage the value of cloud

4. Cloud is critical to every business but is a fundamentally different consumption model... FinOps Definition by FinOps Foundation Decentralized Engineers siloed from Finance (and Procurement) are empowered to commit the company to spend Variable Variable cloud spend replacing data center/fixed cost spend, including numerous ways to optimize rates Scalable Instant access to a variety of resources enables innovation but often results in overprovisioning

5. FinOps is an operational framework and cultural practice which enables timely data-driven decision making through collaboration between engineering, finance and business teams. maximizes the business value of cloud creates financial accountability Framework  FinOps Definition by FinOps Foundation

6. FinOps Framework

7. FinOps Framework by FinOps Foundation

8. Capabilities Activities that can be performed to achieve the desired outcomes Core Elements of the FinOps Framework Personas, Domains, and Capabilities have been updated. Principles Drive our FinOps practices Personas Stakeholders that FinOps supports Maturity Model Incremental assessment criteria for understanding the state of a FinOps activity or overall practice Domains Fundamental business outcomes an organization should achieve Phases Iterative process model for exercising FinOps Capabilities Framework 

9. Who Does FinOps? In the same way that everyone is responsible for security with a central team enabling best practices (at scale), many roles do FinOps with help from a central team. “If I do my job properly I do not need to be in the room when Finance and DevOps teams meet. They are enabled by the work I have done to normalize the cloud bill, allocate and highlight key data points. When FinOps succeeds the business is using the data of FinOps to make better decisions on its own.” Mike Fuller, CTO FinOps Foundation, Former Head of FinOps at Atlassian Copyright 2019-2024 FinOps Foundation – All rights reserved Framework 

10. FinOps Core & Allied Personas Product Engineering Leadership FinOps Practitioner Finance Procurement ITFM/TBM Security ITSM/ITIL ITAM Sustainability Core Personas Allied Personas Framework  FinOps Personas by FinOps Foundation

11. State Of FinOps 2024 data.finops.org

12. FinOps Open Cost and Usage Specification

13. FOCUS Ecosystem Billing data from cloud vendors is generated… FOCUS™️ …for ingestion by Practitioners… …to achieve FinOps Domains. …in the FOCUS format…

14. What is FOCUS? Example Column: Billed Cost Column ID: BilledCost Display name: Billed Cost Description: A charge serving as the basis for invoicing, inclusive of all reduced rates and discounts while excluding the amortization of upfront charges. Constraint Value Column type Metric Feature Level Mandatory Allows nulls False Data type Decimal Value format Numeric Format Number range Any valid decimal value What is FOCUS FOCUS™️ FOCUS is an open-source technical specification for cloud billing data. In plain language, it is the unifying format for cloud bills . It provides clear requirements for cloud vendors to produce datasets in the FOCUS format.

15. How does FOCUS help? FOCUS normalizes cloud billing data, which reduces time and effort to start FinOps analysis. How FOCUS helps FOCUS™️

16. FinOps Certification and Training Visit: learn.finops.org Advance your knowledge of FinOps with a range of training and certification FinOps Training Individual Training & Certifications 100+ 10K+

17. Connections & Community Education & Certification finops.org/join / Best Practices & Standards FOCUS learn. finops.org / finops.org/ framework / focus.finops.org / finops.org FinOps Open Cost & Usage Specification