Nvidia, American Express join the FinOps Foundation – CIO Dive

Let CIO Dive’s free newsletter keep you informed, straight from your inbox.

The nonprofit trade group also welcomed AMD, Snowflake and ServiceNow to its ranks Wednesday amid a tech sector push to curb cloud spend.
Cloud modernization carried the unexpected sting of spiraling bills for many on the migration path. FinOps practitioners fought back, forging a cost-optimization alliance between finance and IT to rein in overspend and rationalize usage.
The FinOps Foundation brought technology service vendors together with cloud consumers to help standardize billing practices and ease cost management processes.
The new members join a robust roster of users and providers, including hyperscale giants AWS, Microsoft and Google cloud. The organization’s 51-member governing board includes technology executives from Capital One, JPMorgan Chase and Mastercard, as well as representatives from Accenture, PwC and SAP.
Snowflake is the first cloud-based data and AI platform provider to become a premier member of the FinOps Foundation, the organization said Wednesday. Rising costs associated with data storage and analytics have become a persistent pain point for enterprises as AI adoption spreads, according to a February Wasabi Technologies report.
The aim of FinOps is to curb unnecessary spending, which doesn’t necessarily equate with reduced cloud usage, Jay Litkey, SVP of cloud and FinOps at Flexera and a governing board member of the FinOps Foundation, told CIO Dive in April. Indeed, the practice often leads to increased cloud consumption, as stakeholders tie cost to value, he said.
The foundation’s newest members anticipate a similar trend to take hold in SaaS and AI usage.
“Establishing proper FinOps for AI has become critical for business success,” AJ Nish, senior manager for product and engineering at Nvidia, said in the announcement. “We’re joining the FinOps Foundation as a premier member to help define industry standards, drive accountability through metrics and ensure customers maximize both performance and value from their AI infrastructure investments.”
Get the free daily newsletter read by industry experts
The company grew its distributed network to 41 locations in 36 cities globally last year and plans to add container services to its platform, CEO Tom Leighton said Thursday.
Despite major changes in licensing and costs, the programming language is still a dominant force in software development.
Subscribe to CIO Dive for top news, trends & analysis
Get the free daily newsletter read by industry experts
The company grew its distributed network to 41 locations in 36 cities globally last year and plans to add container services to its platform, CEO Tom Leighton said Thursday.
Despite major changes in licensing and costs, the programming language is still a dominant force in software development.
The free newsletter covering the top industry headlines

source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!