All Updates

All Updates

icon
Filter
Industry news
FinOps Foundation debuts unified billing model for cloud computing
Cloud Optimization Tools
Jun 20, 2024
Last week:
Product updates
Eve Air Mobility unveils unmanned eVTOL prototype
Passenger eVTOL Aircraft
Yesterday
Product updates
Lilium advances POWER-ON, providing solutions with leading digital innovators
Passenger eVTOL Aircraft
Yesterday
Industry news
New South Korean space agency provides rundown of plans
Space Travel and Exploration Tech
Jul 20, 2024
Management news
Bionano Genomics receives Nasdaq non-compliance notice; continues trading efforts
Precision Medicine
Jul 19, 2024
Funding
GRO Biosciences raises USD 60.3 million in Series B funding to advance lead program into clinical trials and expand GRObio pipeline
Precision Medicine
Jul 19, 2024
Management news
Yooz announces new appointments in C-Suite
Business Expense Management
Jul 19, 2024
Regulation/policy
Airwallex secures license to expand retail investment offerings in Australia
FinTech Infrastructure
Jul 19, 2024
Partnerships
EHang collaborates with KC Smart Mobility to expand EH216-S sales and operations in China
Passenger eVTOL Aircraft
Jul 19, 2024
Industry news
China launches Gaofen-11 high-resolution intelligence satellite
Satellite Management
Jul 19, 2024
Industry news
France funds miniature satellite capture and inspection mission
Satellite Management
Jul 19, 2024
Cloud Optimization Tools

Cloud Optimization Tools

Jun 20, 2024

FinOps Foundation debuts unified billing model for cloud computing

Industry news

  • The FinOps Foundation, an initiative of the Linux Foundation, has launched version 1.0 of its open-source billing standard, FinOps Open Cost and Usage Specification (FOCUS). This standard aims to become an industry standard for cloud service providers and help enterprises manage, track, and predict cloud spending.

  • FOCUS standardizes the terminology for cloud expenses and usage metrics and provides a uniform schema for organizing financial information, including limits on expenses per database row. This aims to simplify the billing process for FinOps practitioners.

  • The FinOps Foundation claims that FOCUS will help organizations maximize their cloud investments by standardizing cloud spending, enabling multi-cloud discount analysis, optimizing resource usage, and efficiently allocating shared costs.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.