FinOps Foundation lays down 2025 Framework for Cloud+ cost control
The nonprofit FinOps Foundation has announced news of American Express, Nvidia, AMD, ServiceNow and Snowflake all now joining as new ‘Premier Members’ as part of news related to the FinOps X conference, held June 2-5 this year in San Diego.
A part of the Linux Foundation’s nonprofit technology consortium, the foundation has also highlighted its State of FinOps survey, which it says suggests that the majority of FinOps practices are beginning to manage SaaS spend as part of FinOps practitioners’ responsibilities.
Some FinOps practices have also begun to apply their capabilities to private cloud and datacenter “scopes of spending” in what the foundation calls a”Cloud+” approach to FinOps.
A Cloud+ approach
The foundation explains that the FinOps Framework has been updated to reflect the “present-day practice” of FinOps as it evolves to a Cloud+ approach to managing technology spend.
The 2025 revisions include the addition of scopes as a core element of the Framework and incremental updates to the definition of FinOps and the language used to describe the principles, domains and capabilities to align with the addition of Scopes.
What are FinOps Scopes
Scopes is said to “give context” to practitioners to apply the FinOps Framework.
Scopes define the boundaries of FinOps efforts and the specific area of responsibility for a team. They represent a segment of technology spending to which FinOps principles are applied, guiding which personas, domains, capabilities and metrics are relevant.
Essentially, scopes help FinOps practices align with business and technology strategies, providing context for applying the FinOps framework.
“We are thrilled to add this list of esteemed companies to the FinOps Foundation who are representative of the evolution of FinOps best practices into broader areas of technology spend,” said J.R. Storment, executive director of the FinOps Foundation. “FinOps is now ubiquitous in the enterprise landscape for public cloud and FinOps teams are being asked by leadership to bring the benefits to other areas such as AI and SaaS. The FinOps Foundation is focused on providing best practices and education to help practitioners navigate the additional areas of spend that practitioners are being asked by their executives to manage.”
American Express shared its journey in implementing FinOps practices at FinOps X 2024, emphasising the executive leadership-led cross-functional collaboration to achieve financial accountability and operational efficiency in cloud spending and are expanding into additional areas of technology spend.
In addition, with the rise of AI spending, which typically goes across different areas of technology scopes, practitioners are looking for best practices to help manage this sudden increase of investment.
“As Nvidia continues to pioneer AI technologies available across every cloud, establishing proper FinOps for AI has become critical for business success. We’re joining the FinOps Foundation as a Premier Member to help define industry standards, drive accountability through metrics and ensure customers maximise both performance and value from their AI infrastructure investments,” said AJ Nish, SVP for product and engineering at Nvidia.
Open source collaborative ecosystems
For AMD, joining the FinOps Foundation demonstrates its commitment to delivering value out of organisations technology investments from a hardware perspective. The company says it “believes in the power of open source and collaborative ecosystems” to accelerate technological progress… and that’s never been more important than with the explosion of AI,.
According to Suresh Andani, senior director, product management, cloud business at AMD. the FinOps Foundation, as part of the Linux Foundation, embodies this spirit by providing a framework for managing the complex costs associated with AI development and deployment.
With more than 20 years of workflow automation experience, ServiceNow say is is eliminating operational silos, enabling enterprises to tackle their most complex challenges and accelerate AI adoption at scale.
“ServiceNow has joined the FinOps Foundation at a pivotal moment when FinOps and traditional asset management practices are increasingly converging. Customers are raising expectations for value and outcomes across their entire IT portfolio, while also turning to AI to accelerate timelines,” said Julian Flores, senior director of product management, IT Asset Management at ServiceNow.
AI data cloud company Snowflake is equally upbat. Not only is Snowflake the first cloud-based data and AI platform provider to join the FinOps Foundation as a Premier Member, but the Snowflake platform is one of the most widely requested Cloud+ services by FinOps Foundation members.
“Implementing FinOps is fundamental to the success of our customers and Snowflake has already been enabling the FinOps Framework with our extensive built-in cost visibility and control and optimisation capabilities. We are excited to join the FinOps Foundation to continue to unlock that value more widely,” said Vishal Mehrotra, VP of solution engineering at Snowflake.
The Computer Weekly Open Source Insider team will be at this year’s FinOps X to find out more.
