1. Early adopters are maturing their FinOps practices, but most companies are still in the crawl phase.
Last year, the conference focused on helping organizations understand what FinOps is and how to start building a practice. This year, it included more sessions to help attendees expand their FinOps practices into other areas, such as software asset management (SAM) and IT Asset Management (ITAM). The shift in content shows that the FinOps community is maturing quickly.
However, we’re starting to see a divide between the early adopters taking their FinOps practices to the next level and those just getting started. Even though FinOps best practices are becoming standardized, many companies are progressing slowly.
This could be because many companies lack a clear FinOps roadmap and aren’t sure where to start. They may also struggle with culture and collaboration, as one of the top FinOps challenges is getting organization-wide adoption. FinOps practitioners must build relationships with different teams, so everyone can work together to move the needle. But developing these relationships and getting approvals for FinOps projects can take a long time.