What are the Core Principles when Incorporating FinOps?

Cloud Cost Optimization

LET’S TAKE IT DOWN TO THE CORE

In the past episodes we have been diving into a deeper understanding of FinOps, and today we will be learning more. Nick and Jason will discuss the Core Principles when incorporating FinOps into your organization. The two will talk about the importance of communication, data-driven decisions, taking advantage of the variable cost model, accountability, and many more. So make sure you tune in until the end of this latest episode of Cloud Cost Optimization.

WORDS TO OPTIMIZE YOUR DAY

NICK: TEAMS SHOULD COLLABORATE EVERY SINGLE DAY

“The best teams I've ever seen in the most secure organizations I’ve ever seen is where those two teams find a way to collaborate every single day by getting rid of each other's anxiety.”

NICK: IMPORTANCE OF DATA-DRIVEN DECISION MAKING

“This might be the most important, it’s data-driven decision-making, making sure that decisions are actually driven by business value in the cloud. And I think this is easy to say, I think every organization says it, but I think nearly every organization I have been involved with, at least early on, has been very immature in actually doing it.”

NICK: TAKING ADVANTAGE OF THE VARIABLE COST MODEL OF THE CLOUD

“Being able to take advantage of variable cost and the sorts of economics that can happen, once you get out of a legacy mindset around your app and get into the cloud first, or the cloud-native mindset runs your app. This is extremely powerful because I don't want my app consuming resources when the app’s not being consumed, and legacy models are built around persistent workloads that consume the cloud all the time. And you want to get to this world where I can take advantage of those variable costs.”

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/

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