FinOps Foundation

The FinOps Foundation was founded in February 2019 and joined the Linux Foundation in June 2020. Today it is a project of the Linux Foundation, and its mission is advancing the people who manage the value of technology through best practices, education and standards.

The Foundation’s community counts more than 120,000 people from over 34,000 companies. It maintains the FinOps Framework, the operating model for practicing FinOps, and FOCUS, the FinOps Open Cost and Usage Specification, an open specification that normalizes billing data across cloud, SaaS, data center, AI and other technology vendors. It also offers individual training and certification, holds the annual FinOps X conference and publishes the yearly State of FinOps survey.

The sixth annual State of FinOps survey found that 64% of respondents now manage licensing, alongside cloud, SaaS, data center and AI spend, as part of their FinOps practice.

Open iT is a General Member of the FinOps Foundation, and members of the Open iT team hold FinOps Foundation training certifications. Open iT’s software usage metering shows finance and IT teams how software licenses, SaaS and computing resources are actually used, which helps organizations get more value from their technology spend.