Exploring the Newly Launched 2025 FinOps Framework and its Expanding Membership

FinOps Foundation Unveils 2025 FinOps Framework

The FinOps Foundation, part of the Linux Foundation's nonprofit consortium, has recently announced the launch of its 2025 FinOps Framework. This revamped framework introduces updated scopes for managing technology spending, particularly emphasizing a Cloud+ approach. With the goal of advancing the practice of FinOps, the Foundation has welcomed several new Premier Members, including industry giants such as American Express, NVIDIA, AMD, ServiceNow, and Snowflake. These companies are taking an active role in the annual FinOps X conference scheduled for June 2-5 in San Diego.

The Evolution of FinOps Practices

The 2025 FinOps Framework reflects the increasing complexity of managing cloud expenditures in modern enterprises. According to the latest State of FinOps survey, many practices are beginning to include Software as a Service (SaaS) spending into their responsibilities. In response, organizations have started to adopt Cloud+ methodologies, which incorporate private cloud and data center expenditures into FinOps operations. This evolution is essential for practitioners facing the challenge of managing diverse technological expenses effectively.

J.R. Storment, Executive Director of the FinOps Foundation, expressed excitement regarding the inclusion of these prominent companies, stating, "We are thrilled to add this list of esteemed companies to the FinOps Foundation who represent the evolution of FinOps best practices into broader areas of technology spend." He further emphasized that with the rising importance of AI and SaaS, FinOps teams are increasingly being tasked with managing financial accountability across various scopes of technology.

Insights from New Premier Members

Each of the newly added Premier Members brings unique perspectives and insights into the FinOps landscape. American Express, for instance, highlighted its ongoing journey towards integrating FinOps practices into their operations at the previous FinOps X conference. The company is dedicated to achieving operational efficiency and financial accountability in cloud investments while expanding its focus to include other technology sectors.

Keena Blunschi, Vice President of Technology at American Express, noted, "FinOps is where innovation meets accountability, bringing together engineering, finance, and product teams to lead responsibly at scale." This commitment to collaboration aims to leverage FinOps methodologies to enhance business growth and customer satisfaction.

NVIDIA's involvement particularly underscores the growing importance of FinOps in managing AI expenditures. As the AI landscape evolves, understanding cloud budgets becomes crucial. AJ Nish, Senior Manager for Product and Engineering at NVIDIA, shared that by joining the FinOps Foundation, they aim to help define industry standards and ensure companies maximize their investments in AI infrastructure.

AMD also emphasized their commitment to creating value from technology investments, believing that the FinOps Foundation embodies the spirit of open-source collaboration necessary to navigate the complexities of AI spending.

The Role of ServiceNow and Snowflake

ServiceNow, recognized for its expertise in workflow automation, aims to bridge the gap between traditional asset management and FinOps practices, particularly in the management of IT portfolios. Julian Flores of ServiceNow pointed out that by integrating FinOps principles with AI insights, they help organizations achieve better efficiency in managing their assets while responding to evolving customer expectations.

Snowflake, a leader in data cloud services, sees its membership in the FinOps Foundation as a significant step towards optimizing cloud investment management for their users. Vishal Mehrotra, Vice President of Solution Engineering at Snowflake, noted that implementing FinOps is crucial to customer success, expressing enthusiasm for the collaboration ahead.

Looking Forward to FinOps X

The upcoming FinOps X conference promises to be an exciting convergence of thought leaders and practitioners committed to advancing FinOps practices. With the addition of influential new members and a focus on sharing best practices, the conference will serve as an invaluable platform for stakeholders across the industry to collaborate and innovate.

The FinOps Foundation, through its extensive network and certification programs, continues to promote growth and knowledge dissemination among FinOps professionals. Organizations interested in joining the FinOps community can find more information on their website. The journey toward effective technology spend management has only just begun, and with the new 2025 FinOps Framework, the future looks promising for FinOps practitioners worldwide.