Held against the backdrop of sunny San Diego, FinOps X 2023, which took place June 27-30th, wasn’t just a fantastic event with hundreds of FinOps practitioners sharing their knowledge. It was more than great weather, food and fun. It was a wonderful way to meet professionals from around the world and compare notes on how to improve FinOps practices.
Attendees learned more about the upcoming billing framework FOCUS (FinOps Open Cost & Usage Specification), delivered by Mike Fuller and Udam Dewaraja from the FinOps Foundation. FOCUS aims to make billing easier for customers to allocate cloud costs to their businesses. The complexities of today’s cloud services can create headaches around billing. For instance, AWS alone has hundreds of services and potentially thousands of SKUs (Stock Keeping Unit). Cloud service providers each have their own data formats and terminologies, reflected differently in detailed bills. While this framework is in its infancy, as cloud service providers begin to adopt FOCUS, it will become easier for FinOps teams to drive value through the Cloud. How exciting that Azure and GCP are interested in developing this framework to improve their billing data exports!