FinOps Foundation Launches FOCUS 1.3 to Deepen Cloud and SaaS Billing Transparency, Announces Expanded Vendor Support for FOCUS 1.2

FinOps Foundation Launches FOCUS 1.3 to Deepen Cloud and SaaS Billing Transparency, Announces Expanded Vendor Support for FOCUS 1.2

New in FOCUS 1.3: Contract Commitments Tracking, Split Cost Allocation, and Dimensions for

FinOps Foundation sharpens FOCUS to reduce cloud cost chaos

A cloud challenge that hampers many organizations is how to normalize billing data across disparate platforms that include multi-cloud and hybrid infrastructure deployments. Enterprises are spending significant resources building custom integrations to reconcile cost data from different cloud providers, SaaS platforms and on-premises infrastructure. That’s the domain of FinOps, a practice that has gained traction in recent years. FinOps combines…

FinOps Foundation releases FOCUS 1.3 to address issues related to splitting shared resource costs

The FinOps Foundation has announced the latest version of the FinOps Open Cost & Usage Specification (FOCUS), aiming to solve problems related to splitting shared resource costs, tracking contract commitments accurately, and verifying data freshness. FOCUS 1.3 adds new allocation-specific columns to enable teams to expose how they are splitting costs of shared resources, such as Kubernetes pods or database instances.”Some data generators give yo…