Open Source in Finance Forum New York 2024

This session details how you can combine open source specifications like the FOCUS, open source data collection like OpenTelemetry (OTEL), and open source models like Prophet to mature your FinOps practice. The session will begin by exploring adoption of FOCUS, which provides a specification to managing and ingesting FinOps cost & usage data. Next, we'll discuss the power of using Open Telemetry (OTEL) for collecting metric data & increasing observability in your cloud/data center. Finally, we'll introduce Prophet, an open source forecasting tool to demonstrate how it can predict future costs and usage trends based on your FOCUS & OTEL data. Whether just starting your FinOps journey or looking to add functionality to an existing practice, this session will show how a combination of open source tools can significantly expand FinOps capabilities without increasing the cost of running a FinOps program.