Key 2024 changes to the FinOps Framework

Just announced - the Technical Advisory Council have approved some revisions to the FinOps Framework, namely:

• Updated definition: "FinOps is an operational framework and cultural practice which maximizes business value of cloud, enables timely data-driven decision making, and creates financial accountability through collaboration between engineering, finance and business teams."
• Renaming of some personas and the addition of ITSM, ITFM & Security to allied personas.
• Domain names changes and consolidation
• Renamed. merged and added Capabilities

 

For details, visit https://www.finops.org/insights/2024-finops-framework/

 

What do you think? Are these updates a better reflection of FinOps practices today?