Cloud providers are racing to enhance their FinOps offerings. Fresh from FinOps X, we’re seeing a surge in new features. Google Cloud is boosting data visualization, while AWS and Azure are aligning with the FOCUS standard for seamless data sharing. The cherry on top? AI-driven recommendations to optimize your cloud spending. It’s a FinOps revolution!
Tools and Technology
Ternary Enhances Cloud Cost Management in July 2024 Update
Ternary’s July 2024 big update focusing on strengthening cloud cost management capabilities. It expands dashboard flexibility by increasing the widget limit, allowing users to build more comprehensive visualizations. Additionally, the update improves forecasting accuracy, simplifies Azure cloud configuration, and enhances functionalities for Managed Service Providers (MSPs) with improved customer management tools.
Market News
Software Asset Management Market on the Rise
2024 report from Orbis Research highlights the growing importance of Software Asset Management (SAM). The market is experiencing significant growth driven by increasing software complexities, compliance risks, and the need to optimize software investments. The report provides valuable insights into market trends, key players, and future growth prospects. It emphasizes the strategic role of SAM in achieving cost savings, reducing risks, and maximizing software value.
Market News
IAM Releases Updated Asset Management Framework
The Institute of Asset Management (IAM) has unveiled the fourth version of its Asset Management Anatomy. This comprehensive framework outlines the core components and principles of effective asset management. The updated version reflects the evolution of the discipline since 2015 and incorporates insights from global experts. It aligns with the IAM’s 10-box Capabilities Model, providing a structured approach for organizations to enhance their asset management practices. IAM – Release of Version 4 of the IAM Asset Management Anatomy
Tools and Technology
Flexera One IT Asset Management Gets New Features in July 2024 Update
Flexera One IT Asset Management received a new update in July 2024, bringing new features and functionalities. The update focuses on improved license management with the introduction of two new APIs: allocation and deallocation. These APIs allow for automation of assigning and removing software licenses to users and devices, streamlining license distribution, tracking, and overall compliance across an organization’s IT infrastructure. Additionally, the update offers the ability to view product use rights for individual software SKUs, providing users with better insights into license usage.
Tools and Technology
FinOps Toolkit 0.4 Brings FOCUS 1.0 Alignment
Microsoft’s FinOps Toolkit 0.4, released in July 2024, introduces significant enhancements.
The primary focus is alignment with the FOCUS 1.0 framework. This update ensures data consistency and improves Power BI report functionality. While the toolkit can still ingest data in the FOCUS 1.0 preview schema, the new reports are optimized for FOCUS 1.0. This update provides a more streamlined and effective FinOps experience for users.
Industry Events
FinOps X Europe Heads to Barcelona in November
FinOps X Europe is set to take place in Barcelona from November 11th to 14th. This regional focused conference will bring together FinOps practitioners to share knowledge, best practices, and network in a relaxed atmosphere. The event will be held at the W Barcelona hotel, offering attendees the opportunity to connect with the European FinOps community while enjoying the vibrant city. FinOps X Europe – Barcelona, Nov 11-14
Tools and Technology
Hyperglance – New Cloud Cost Heatmap Visualizations for Efficient Cloud Management
Hyperglance has launched a cloud cost heatmap feature in its v7.5 release. This tool provides a visual representation of daily cloud costs over time, using colour intensities to identify spending patterns. Supporting AWS, Azure, and GCP, the heatmap allows for easy detection of cost spikes and inefficiencies, enabling more strategic cloud management and cost optimization. Users can filter by platform, region, and service for tailored insights, enhancing decision-making and resource management.
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