Topic: finops
ITOps Times Open-Source Project of the Week: FOCUS
The FinOps Cost and Usage Specification (FOCUS) provides consistency and standardization to cloud cost data. It helps companies visualize the value of cloud services and transforms complex billing data into a simple standardized schema. FOCUS simplifies multi-cloud billing data, enhances reporting consistency across various vendors, and streamlines FinOps capabilities such as allocation, chargeback, budgeting, forecasting, … continue reading
How IT leaders can get their cloud back in order
The evolution of cloud operations currently revolves around the offerings of the hyperscale cloud providers (hyperscalers). We should consider these “traditional cloud models,” and they typically offer decent value when organizations are just beginning their cloud journeys. But these plans tend to become extremely expensive once the organization starts scaling its cloud initiatives. According to … continue reading
IBM to acquire FinOps company Apptio for US$4.6 billion
To accelerate advancing its IT automation capabilities, IBM today announced that it has entered into a definitive agreement to purchase Apptio, makers of FinOps software, for $4.6 billion. In its announcement, IBM noted that organizations are facing more complexity with public and private clouds and numerous service providers, and are grappling to gain visibility into … continue reading
Flexera One FinOps helps to improve cost of enterprise collaboration
Flexera, a company that works to help organizations gain business value from their technology investments, today released Flexera One FinOps to strengthen an enterprise’s FinOps and cloud central teams. This release is intended to enhance the combination of IT asset management and FinOps in order to improve the way enterprises visualize and administer cloud usage … continue reading
Finout releases anomaly detection for FinOps
The team at the cloud cost observability platform Finout today launched end-to-end anomaly detection for FinOps. With this, finance and engineering teams are provided with a centralized dashboard for monitoring spikes in cost as well as other out of the ordinary spending behavior across all major cloud providers and various third party SaaS services. According … continue reading
Containing cloud costs a team effort
Cloud computing has made it easier for development organizations to deliver software and updates more rapidly, by empowering engineering teams to autonomously create the environments they need, add more storage and leverage microservices through containers and Kubernetes management. But there is a downside. Cloud costs can spiral out of control if not watched carefully. And … continue reading
