Episoder
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In this episode, Nick and Jason dive deep into FinOps from the perspective of what analysts are saying. There are emerging reports in the industry and our hosts take us through them in more detail!
The duo discusses the different reports by Forrester and Gartner on FinOps, the cloud, the essence of collaboration, and more. There are insightful affirmative and counter points to every report so tune in to this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
THE DRIVING FORCE OF MULTI-CLOUD PROCESSES
“When you start to expand your thinking of cloud into its not just infrastructure service, it is about the right tool for the right job, it is going to be SaaS platforms. We're moving away from the era of software in a data center that you own a license to use and it's sitting there to a consumption-based model for the things you need for your business.” - Nick
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/
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In this episode, Nick and Jason talk about the FinOps Foundation, how it informs organizations of the best practices and standards in the industry, and its overall goals.
The duo discusses the importance of having this community in the space to make sure practitioners and business owners can be well-informed and learn together with others. There's a lot to learn so tune in to this latest episode of Cloud Cost Optimization.
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HOW THE FINOPS FOUNDATION HELPS ORGANIZATIONS APPLY FINOPS PRINCIPLES
“At the end of the day, the ultimate goal of that is that everyone that is a stakeholder or has the ability to inflict change in the cloud is able to take responsibility for their own actions and what they do so it's about informing the entire organization on what day to day decisions they make. How these affect cloud spend, cloud optimization, utilization, etc.” - Jason
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at
https://www.tenacity.ai/
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Manglende episoder?
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In this episode, Nick and Jason discuss the roles and key players within an organization and who exactly needs to be hands-on with the FinOps work. It's important to recognize these individuals and their responsibilities to understand why certain processes can be better done by certain role players compared to another.
The duo talk about timings when it comes to investments in these key players and how this will help attain cost-efficiency overall. There's a lot to learn so tune in to this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
ADDRESS EARLY COMPLAINTS WHEN IT COMES TO THE DATA ENGINEER
“That ends up being this early issue that they deal with is 'I need to optimize, I need to go achieve a certain cut to my cloud bill' or whatever it is. And then following that is 'it's really expensive for me to do this because I'm putting a software engineer or a data engineer on this' and it's taking a ton of their time.” - Nick
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/
Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/Get a free assessment and optimize your environment at https://www.tenacity.ai/
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In this episode, Nick and Jason discuss the requirements for a FinOps certification and what training you should have or get if you want to get into the field. They also walk us through the baseline knowledge to have as one organizes FinOps inside their own organization.
Aside from the modules, Nick and Jason remind aspiring FinOps professionals about any experience requirements depending on the company or practice as well. Learn more about these in more detail with the latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
HAVE A BASE-LEVEL UNDERSTANDING OF WHAT THE CLOUD IS
“If you're in finance, engineers are going to be coming to you with terminology that you might not understand that's cloud-specific. And if you're an engineer, finance people are going to be talking to you about terminology that you might not quite understand or use on a day-to-day basis.” - Jason
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/
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In this episode, Nick and Jason continue the conversation with Beko Jang, Solutions Consultant at awshealth.cloud on helping organizations reach an optimized state. There is an idea that you naturally start with chaos instead of actual architecture to bring order in the optimization journey.
Becko shares his experience in reducing costs while still delivering your services effectively. He also discusses the factors that can give you leverage in the market in terms of customer acquisition cost and how AI has been impacting the cloud cost optimization space. Learn about these in even more detail in this latest episode of Cloud Cost Optimization.
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DO WE NEED MORE DEVELOPERS?
“Capital is going to flow to where it is going to get the best return. And you're not going to get the best return by paying high salary for engineers, you're going to get the best return by hiring 1 or 2 engineers that really know how to use these tools to create 10x the output.” - Beko
Connect with Beko through these links:
LinkedIn: https://www.linkedin.com/in/bekojang/Twitter: https://twitter.com/bekojangoWebsite: https://www.awshealth.cloud/Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/
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In this episode, Nick and Jason welcome Beko Jang, Solutions Consultant at awshealth.cloud. Healthcare providers need effective cloud solutions to help them make even more efficient diagnostic decisions.
Becko shares his insights on how founders can do a better job in structuring cloud architecture so that they can be better operators and serve the healthcare space more thoroughly. There's a lot to unpack so tune in to this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
THE VALUE-BASED CONCEPT COULD LEAD PROVIDERS TO ALLOCATE COSTS MORE CLEARLY
“The rise of the value-based paradigm where you're now under value-based contract meaning you have to report out quality metrics if you want to get paid the amount that you are promised. Because you are now having to carry that risk because it's a paradigm shift from volume to value.” - Beko
Connect with Beko through these links:
LinkedIn: https://www.linkedin.com/in/bekojang/Twitter: https://twitter.com/bekojangoWebsite: https://www.awshealth.cloud/Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/
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In this episode, Nick and Jason discuss the different lessons they've learned to keep cloud costs in check with the right FinOps strategies. Accountability with competing priorities is a common challenge, for example, where mapping out cloud spending data comes in and turns everything into a data-driven approach.
Understanding cloud unit economics is another solution we should take into account but it can be next to impossible. That's unless you've put in enough effort! There are many more nuggets of wisdom so tune in to learn more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
CONSIDER OTHER ASPECTS THAT AFFECT THE COST
“Nobody has the best ideas. The greatest ideas actually come from collaboration. It comes from, if four people enter a room, 4 ideas go on the table. They get debated, they get torn apart, they get a fifth idea that emerges, then a 6th, and then 7th. And those ideas get it iteratively better until you walk out the room agreeing that there's a path you can still take.” - Nick
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at
https://www.tenacity.ai/
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In this episode, Nick and Jason dive into tackling cloud cost management with the proper FinOps mindset. There are certain frameworks that FinOps employs to address different issues and some of these solutions could prove well for cloud cost optimization.
For one, you can't optimize environments with a one-size-fits-all mindset because that way, you're simply ignoring the superpowers of cloud. Nick and Jason discuss using a data-driven decision approach so that every process is done with proper alignment in all parts of the business. Tune in to learn more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
CONSIDER OTHER ASPECTS THAT AFFECT THE COST
“It's not all about the dollars you spend in the cloud, right? It's also about supportability. You could tell me this is half the cost but it's going to take twice the people to manage.” - Jason
“It's also variance. It also depends on who you are, what type of organization you are and you do not want a massive variance to the positive or negative.” - Nick
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at
https://www.tenacity.ai/
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Nick and Jason are back in this episode of Cloud Cost Optimization, highlighting the potential of AI, specifically generative AI, to completely transform the landscape of FinOps. Generative AI has seen a massive jump in capability, and it's predicted that it will automate repetitive tasks and find solutions to problems, making things more efficient across the board.
This technology could also help business analysts and practitioners generate pieces of code to improve their jobs and reduce time to market on problems and software. Learn more about the capabilities of AI that are transformative to FinOps in this latest episode of Cloud Cost Optimization.
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JASON: AI FOR FINOPS IS TRANSFORMATIVE
“It just applies in general to FinOps, it's gonna help us in our cloud cost optimization efforts and can help automate repetitive tasks and find those things. So there's a lot of other things that we're gonna, I'm sure we're going to talk about, but it is going to completely transform our lives for sure. It may not be everybody's, but from a technical perspective in our industry, completely transformative.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/.
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In this episode, Nick and Jason discuss ongoing trends in FinOps and predictions for the next year. The five trends they cover are modernization, multi-cloud, FinOps, AI and machine learning, and cloud-native. They discuss the benefits and challenges of each trend and predict the rapid adoption of FinOps in the next year. Learn more if you are implementing these trends in your organization and how to improve it more with this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: EMBRACING MODERNIZATION
“I think modernization is a key topic, and it's a key trend that's kind of been happening for the last few years, but I think it's going to continue to happen at a greater pace, and modernization comes basically in a couple of different forms. From a technology perspective, it's about embracing, containerization or serverless computing, but at a higher level is just about becoming more cloud native.”
NICK: ADVANTAGE OF PRODUCTIVITY EFFICIENCY
“Productivity efficiency is going to be a big part of it, like a really great team right now produces on average at 80 lines of code per day per developer per engineer, and a lot of models say that once you age, that software and you get out a couple of years, you're actually at about 10 lines of code a day, and that's normal, that's good.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment at https://www.tenacity.ai/.
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AUTOMATED, ANALYTICAL, AND TRANSFORMATIONAL
Nick and Jason are back with another edition of our FinOps series! This time, we will be switching up a bit as our duo will not discuss how FinOps transforms an organization, but what transforms FinOps itself.
This discussion focuses on the impact of automation and data analytics on organization’s FinOps, including their historical overview and benefits in streamlining processes and improving efficiency. Our duo will also talk about the downsides, such as bad deployments and overwhelming amounts of data.
There’s a whole lot to unpack here so make sure to tune in until the end of this latest episode of Cloud Cost Optimization.
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JASON: AUTOMATION AND ANALYTICS IN FINOPS DECISION-MAKING
“So, automation and analytics, as it pertains to financial operations, has dramatically changed over the last 10 to 15 years. One is we have access to more data, automation is supposed to help us as we're supposed to streamline processes, it's supposed to help us make decisions in a better way more effective decisions using data and improve overall efficiency.”
NICK: HOW ANALYTICS CHANGED OUR THOUGHTS ON TECHNOLOGY
“It starts a conversation that drives a different behavior because the cost was made real for an activity that previously didn't have context. That's how analytics has really changed the way we think about our technology, which in the past, we so overallocated everything that it didn't matter.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment in https://www.tenacity.ai/.
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EMPOWER YOUR CLOUD COST GOVERNANCE WITH FINOPS!
Nick and Jason are back to continue their discussion on FinOps and today, they focus on how it can improve cloud cost governance. In this episode, they cover the importance and definition of governance within an organization, and how FinOps can help drive accountability, transparency, and responsibility in cloud cost management.
The importance of FinOps lies in its ability to help companies be accountable and responsible, drive transparency, and centralize responsibility over the budget. Tune in to learn more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: ACCOUNTABILITY, TRANSPARENCY, RESPONSIBILITY
“I think we break it down into three main points. It's, you know, about accountability, transparency, and responsibility, and in this in your particular question, it would be around cloud costs. I mean, obviously, there's governance for it, there's governance for security and whatnot. But in this particular case, accountability and transparency and responsibility around how you're managing, controlling, optimizing, reporting cloud costs internal to the organization.”
JASON: HOW FINOPS HELPS IN THE PROCESS
“There are certain processes that need to be followed, and FinOps helps us define those processes that need to be followed to make sure that we're always allocating out our environment, we always know why we're spending what we're spending, we know why we're using what we're using, we can tie it to revenue. And so, it helps by defining those things, giving users the people who effect this, the information that they need to be able to make smarter decisions for on a day to day basis.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment in https://www.tenacity.ai/.
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CRAWL, WALK, RUN!
These may seem to be simple commands, but in FinOps, they mean a whole lot more than that.
Once again Nick and Jason continue the discussion about FinOps and in today’s episode, our duo will break down how to implement a crawl, walk, run approach to FinOps and what that means in terms of a maturity model.
In the crawl phase, it is important to understand the current status and set realistic goals, while the walk phase involves reporting to stakeholders and forecasting with accuracy. The run phase involves automating processes and detecting issues. Find out more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: CRAWL, WALK, RUN IN FINOPS
“I think with most processes that are analogies that define themselves or align themselves with crawl, walk, run, it's just about understanding where the organization is today so that we can take the FinOps phases up the entire operating model and set realistic SMART goals based on where we are as an organization.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment in TenacityCloud.com
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WE’RE GOING THROUGH PHASES
Following our theme of learning the fundamentals of FinOps, Nick and Jason are back to discuss its phases. Our duo defines and explains the ins and outs of the three phases of FinOPs, namely; Inform, Optimize, and Operate.
Nick and Jason have already touched on this in past episodes, but today is where they get down to the details, so stay tuned to this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: PHASE 1 - INFORM
“The first phase (Inform) is all about visibility into your cloud usage, cloud spend, and allocating that environment out in your context.”
JASON: PHASE 2 - OPTIMIZE
“The Optimize phase is, is the second phase and is more about identifying measuring optimizations, like right-sizing, underutilized resources, or maybe abandoned resources. We also like to think that it includes some level of configuration and misconfiguration management,”
JASON: PHASE 3 - OPERATE
“The Operate phase is implementing the processes to make sure that you're doing all of the things on a recurring basis and that you've changed the culture within the organization so that you're continually providing the visibility and allocation that you need.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment in TenacityCloud.com
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IT’S THE SEARCH FOR THE NEXT FINOPS HEAD
As we continue to explore the fundamentals of FinOps as a practice, it is also important to know who is going to be responsible and accountable for it. It’s not enough to just let all the departments know about it, the organization has to put someone in charge of it. In this episode, Nick and Jason talk about who should lead the FinOps initiatives within the organization, and what he/she will be responsible and accountable for. Learn more in detail in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
NICK: THE GENESIS OF YOUR FINOPS PRACTICE
“There is a person who is feeling the pressure of being a cost center and who is being asked questions about budget and changes to the budget that is necessary for driving business, or sometimes not known if they're necessary because it's hard to get the answer, who also knows personally, like, ‘Hey, I gotta have to hold people accountable out in the business, but it's really hard for me to do so because this environment is operationally my responsibility, but I'm getting hammered about its cost, and I don't really drive those or control those.’ That is the person who is probably going to be the genesis of your FinOps practice.”
NICK: IT’S NOT JUST ABOUT SAVING MONEY
“The reality is that for the person in the trenches, feeling the pressure, it's less about saving money, that's not really the approach. That's not what they're looking for, I need help saving money, what they're looking for is I really need help making sense of everything that's going on so I can hold everyone else accountable, get the monkey off my back.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Wanna learn more about FinOps and Cloud Cost Optimization? Need help navigating around it or exploring its implementation? Hit us up on Reddit at: https://www.reddit.com/r/cloudcostoptimization/
Get a free assessment and optimize your environment in TenacityCloud.com
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IT’S FaaS AND THE FURIOUS
FaaS, or FinOps as a Service, as we know it, is currently an emerging business segment, and it’s emerging really fast. In this episode, Nick and Jason will be discussing how FaaS is truly defined, what its key advantages are, and why it’s an emerging business segment today. Check out and see if FaaS is a good fit for you in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
JASON: DEFINITION OF FaaS
“FaaS or FinOps as a Service, FaaS providers, either through tooling or through services, or a combination of both, provide organizations with the necessary expertise and tooling to optimize their cloud costs.”
NICK: CLOUD AS A COMPETITIVE ADVANTAGE
“Cloud is a competitive advantage and allows you to move fast, just like agile did for the software development world. It took us out of quarter-long, half-year, or year-long development cycles, and put us in very short cycles that are responsive and helped us respond to market and users very, very quickly.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Get a free assessment and optimize your environment in TenacityCloud.com
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ARE YOU READY TO JUGGLE EGOS, RHYTHMS, AND DATASETS?
In our last episode, Nick and Jason talked about collaboration and accountability as part of the best practices in FinOps. This time around, our duo will talk about checking egos before getting into meetings, creating a rhythm for reports, and having the same page on which data is used in making decisions. There’s a whole more to learn so keep tuning in to the latest episode of Cloud Cost Optimization.
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NICK: WHAT AND HOW TO REPORT
“When you step into a meeting that's around an initiative like this, you want to have your first 5 or 10 minutes just reporting out the things you agreed that you're going to report on, and you want that to be regular, concise, and drive the conversation.”
NICK: AGREE ON THE SAME DATA TO CREATE DECISIONS
“You want to agree on the data you will use to drive your decisions. This can change, you can agree as a team to change that data, but you need to agree on the data you're going to use.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Get a free assessment and optimize your environment in TenacityCloud.com
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BEST PRACTICES ARE ALWAYS THE BEST REFERENCES
Nick and Jason will be breaking down the best practices in FinOps and this will be a special episode as it will be in two parts. In this first part, the duo will be discussing allocation and accountability, particularly strategies for alignment in allocation, tagging, ownership of resources, and many more. Improve your FinOps or get started with it with the best practices by tuning in and learning more in this latest episode of Cloud Cost Optimization.
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NICK: DON’T GET HUNG UP ON THE TAGGING AND ALLOCATION
“If you don't know where to allocate something, tag it as such, just put a tag on it, it's Other, or Unallocated, or Uncategorized, or whatever. The important part there is you've made a deliberate decision that you need to come back and address those, and it's better than leaving it untagged because there's going to be other resources are going to show up in the environment not tagged and you want to not be lost in the noise of all the untagged stuff trying to find the newly untagged stuff”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Get a free assessment and optimize your environment in TenacityCloud.com
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FRAME IT, WORK IT
Every system, process, or operation is built on a framework, and the same goes for FinOps. Nick and Jason continue with their FinOps series and today, they discuss the FinOps Framework and how it can be applied to your organization. Our duo gets down with the details starting from the core elements of the FinOps Framework, to understanding cloud usage and cost, and many more. Find out more about the FinOps Framework in this latest episode of Cloud Cost Optimization.
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JASON: THE CORE ELEMENTS OF THE FINOPS FRAMEWORK
“They call them core elements. We've talked about some of them in some of our episodes, but Principles, Personas, Phases, Maturity, Domains, and Capabilities are the core elements of the FinOps framework.”
JASON: ADVICE FOR THOSE STILL STARTING WITH THEIR FRAMEWORK
“The first phase is to start with Inform. Inform gives you visibility and allows you to allocate your environment properly, budget, and forecast out into the future. So that's where I would start, with the informed phase, set realistic, SMART goals for the organization and what they want to achieve from either allocating, whatever is important, allocation, anomalies, forecasting, whatever is important to the organization, set those and then start to live up.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Get a free assessment and optimize your environment in TenacityCloud.com
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APPLICATION LEADS TO RESULTS. RESULTS LEAD TO IMPACT.
We have talked about the definition of FinOps, its terminologies, benefits, and core principles. In this episode, Nick and Jason will be discussing how FinOps can impact your bottom line towards improvement. Our duo will be touching on lift and shift, allocation, visibility, transparency, predictability, and many more. Stay tuned to learn more in this latest episode of Cloud Cost Optimization.
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JASON: THE PROBLEM WITH THE LIFT AND SHIFT
“If you're only doing the lift and shift portion of whatever you're calling your digital transformation, or your migration to the cloud, in effect you’re not getting the true value from the cloud, because primarily, lift and shift deals with a lot of legacy compute.”
NICK: FACTORS THAT IMPACT THE BOTTOMLINE
“Direct effect on the bottom line, I'm gonna drop dollars down to my EBITDA, and then there's also rate-based optimization, so I'm going to be able to commit to using certain things, and right down to my bottom line. So those are sorts of two economic drivers for impacting your driving bottom line. But there are all these other sorts of value points, I think you touched on in the beginning of that which was visibility and transparency, this sort of idea of data-driven decisions. So now I can get predictability. So once I have predictability, then I can start to make decisions about things I want to do.”
JASON: TRUE BENEFIT OF FINOPS
“I think FinOps is designed to help companies increase revenue, lower the cost it takes to support that revenue, and allow companies to truly leverage the benefits of the cloud without the apprehension that comes with it.”
Get to know our hosts in the links below:
Nick Lumsden: https://www.linkedin.com/in/nicklumsden/Jason Yaeger: https://www.linkedin.com/in/jasonyaeger/Get a free assessment and optimize your environment in TenacityCloud.com
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