December 2023 Summit: re:Invent FinOps Recap, Artificial Intelligence & FinOps Panel Discussion

December 23, 2023

We wrap up the year with a recap of key FinOps announcements from re:Invent, a retrospective of 2023 Foundation programs, and what to look out for from our organization in 2024. Our AI Working Group also shares insights from their work on cost efficiency and AI tools in the cloud.

A huge thanks to the following for their time and effort:

* Bowen Wang and Rick Ochs sharing AWS re:Invent recap with new product releases and FinOps announcements
* Members of our AI Working Group panel: Sean Stevenson (Fidelity), Shannon Daubaras (CCC Intelligent Solutions), and David Lambert (Adobe) on using FinOps on organization’s AI costs

00:00 Highlights
01:00 Introduction
07:47 AWS re:Invent Staff Recap
16:50 AWS re:Invent FinOps Product Recap
33:01 FinOps Foundation Highlights & 2024 Preview
48:10 Performing FinOps on AI Costs Panel Discussion

#finops #artificialintelligence #cloudoptimization

SUMMIT SESSION LINKS:
Submit your FinOps X ’24 session: https://sessionize.com/finops-x-2024
Please take the State of FinOps survey: https://www.surveymonkey.co.uk/r/BZHCRYC
Check out AWS’ new releases and give feedback: https://www.menti.com/algf7wfdcu83
Find Foundation assets here: https://www.finops.org/resources/
Get the list of 34 FinOps KPIs: https://www.finops.org/wg/finops-kpis/
Commitment Based Discount paper: https://www.finops.org/wg/commitment-based-discounts-overview/
Commitment Based Discount Matrix by Cloud: https://docs.google.com/spreadsheets/d/1qNrl0p0Y_iZ5qfHRQWJH8mx2z_TdYlFefEABNIQ2SKA/edit#gid=2045502424
Cost Anomalies Guide: https://www.finops.org/wg/managing-cloud-cost-anomalies/
Check out Gamification Library where user stories are:https://www.finops.org/wg/gamification-library/
Architecting VM-based Applications for Cost Efficiency: https://www.finops.org/wg/architecting-vm-based-applications-for-cost-efficiency/
Watch FinOps X ’23 breakout sessions here: https://www.youtube.com/playlist?list=PLUSCToibAswlUXVZX2caukPWYzkDc597D
Read the latest specification and add FOCUS to your 2024 roadmap: https://focus.finops.org/#specification
Rob Martin’s favorite podcast: https://www.thecloudpod.net/podcast/reinvent-recap/
AI WG First paper: How to Forecast AI Services in Cloud: https://www.finops.org/wg/how-to-forecast-ai-services-costs-in-cloud/
AI Chat Slack Channel: https://finopsfoundation.slack.com/archives/C02P9R15478