FinOps Foundation Sharpens ‘FOCUS’ On Unified Cloud Costs

Finops News

FinOps Foundation Sharpens ‘FOCUS’ On Unified Cloud Costs
Cloud CostsFinops FoundationAWS
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I am a technology journalist with three decades of press experience. Primarily I work as a news analysis writer dedicated to a software application development ‘beat’. I have spent much of the last twenty years focusing on open source, analytics & data science, cloud computing, mobile devices & data management.

An invoice shows the 19.6 percent tax on a beverage at a restaurant in Paris on March 10, 2009. EUfinance ministers reached a long-sought deal today to allow especially reduced sales, or value added, tax on certain services, including restaurants. Normally, EU countries cannot apply a VAT rate of less than 15 percent in order to avoid big price discrepancies across the EU single market, and allowing any exemptions requires unanimous backing from all member states.

Costing out cloud computing was supposed to be so much simpler, clean and clearer - except it hasn’t always been so. That’s disappointing. Cloud’s central promise was the ability to move away from burdensome capital expenditure outlays on IT equipment and embrace the freedom of cloud with its liberation to operational expenditure simplicity. But cloud contracts are oversold, cloud procurement is often overprovisioned… and cloud has never quite been as elastic as the brand promised.

This part of The Linux Foundation's non-profit technology consortium is focused on advancing the practice of FinOps, the alignment of software-based financial management tools so that they straddle IT operations in a way that supports more cost-effective deployments.) Version 1.0 to create a uniform format for cloud bills across different cloud providers.

The specification's 1.0 release is ready for general adoption having passed through a rigorous approval and IP review process. The foundation says it expects to see rapidly improving data exports (a termas a billing and cost management feature that enables customers to create exports of their billing and cost management data using FOCUS 1.0 specification is the first step in a long journey towards the abstractable, composable cloud.

Cloud may get easier to cost. If we can make it easier and less complex to use at the engineering backend at the same time, then we will all be happy. Ker-ching, next customer please.Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.

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