Blog
18/11/2024
FinOps XE 2024
FinOps XE 2024 – A reflection on a fantastic few days
by Stephen Old, Head of FinOps at Synyega
Following his time at FinOps X Europe, Synyega Head of FinOps Stephen Old shares his thoughts on the event and the FinOps direction of travel.
Now I’m home, and finally able to truly reflect on FinOps XE, I think I may have enjoyed it even more than I thought at the time. There is nothing like being in a room (or in this case an entire hotel) with people who understand your world and challenges. To spend 3 days with so many peers, friends and people I respect greatly was exhilarating. On top of that, I’m a huge fan of the direction things are moving. Hearing J.R Storment talking about the next five years makes me even more excited for not just the future of FinOps, but also for the team at Synyega.
So why am I so excited?
FinOps, when adopted well, has been incredibly successful in supporting organisations distil and improve the value they are getting from the cloud. This has helped move IT from just being a cost centre, to being an important business partner within the organisation enabling innovation and improvements. For the last few years I’ve been wondering, “Why does this have to stop with Cloud?” and that’s why I joined Synyega. I saw more and more times that software and licensing were crossing my desk as both a cloud architect and a Head of FinOps. As well as this, on a personal note, GreenOps or cloud sustainability were becoming more and more important to me as a person.
When I learned Synyega had the same beliefs, it was a no brainer for me to join. For the past year, we’ve been working hard to support organisations on making ITAM, FinOps and GreenOps work better, by collaborating wherever possible. This is what drove us to define what we considered Convergence to be: “Where ITAM, FinOps and GreenOps are better together than alone.”
The FinOps Foundation and many of their leading supporting organisations, such as HSBC with the FinOps rockstar Natalie Daly, have been finding the exact same thing, and as such the Foundation has added “Scopes” to the FinOps Framework. Expanding FinOps beyond the cloud, into private cloud, SaaS, ITAM and sustainability. Bringing the brilliant ethos and processes developed in FinOps, into areas that haven’t been receiving the love and attention (or executive buy-in) to really drive the value that they could to an organisation. You can read Rich Gibbon’s take on FinOps and what it means for ITAM here : https://www.synyega.com/insights/the-expanding-scope-of-finops-and-what-it-means-for-itam
I’m so excited to be part of this journey, to help the Foundation grow the community even further into these disciplines and support the practitioners to improve the value their organisations are getting across all of IT, and not just for cost, but for carbon too.
Overall, I am so excited about the direction of FinOps and can’t wait for FinOps X in San Diego, if you would like to discuss how your organisation can benefit from FinOps or a Converged approach to FinOps, ITAM and GreenOps, simply click on the link below to arrange a short call to discuss your needs.