Summary Bullets:

• With AWS’ first-time attendance, all three cloud giants were present at FinOps X this year.

• The cost of AI will impact FinOps budgets.

No one is “running” in FinOps, said FinOps Foundation executive director J.R. Storment during last week’s June 19-22, 2024 FinOps X keynote speech. Storment described new community project stages as either being in the crawl, walk, or run phase, depending on their technology evolution and adoption rates. The FinOps X conference has only been around since 2022 but is quickly garnering a following, not only of technology and cloud leaders, but also various personas dedicating careers to the emerging space. Workers range from traditional IT operations professionals to non-IT workers coming from accounting and finance backgrounds as part of a reskilling trend happening in this sector. FinOps, short for financial operations, refer to sets of cloud cost management tools. The practice encompasses a relatively new operational framework and initiative being more broadly recognized among enterprises undergoing digital transformations by migrating applications to the cloud and/or creating cloud native apps.

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