DOES Europe 2021

Cloud cost management has always been a key pillar when it comes to architecting a successful cloud environment well. However, with cloud spend in 2021 showing no sign of stopping, paired with the directly implied shift from CapEx to OpEx, doing a quarterly review of your cloud consumption is no longer enough.
Combining aspects of Financial Management, Cloud Operations, Demand Management and the core disciplines of Procurement; FinOps aids organisations in driving modern Cloud Finance Operating models, by aligning one’s Cloud Adoption Journey and Cloud Spend to Engineering Efforts and Business Initiatives
The benefits an organisation can expect as a result of moving towards a FinOps Model are:

• Setup for the Future: A pathway to a Financial Operating model that is better aligned to the dynamics of Cloud computing
• Improved Decision Making: The ability to make financial decisions driven by data as the key source; resulting in a more optimised consumption of IT services
• Traceability of Decisions: Providing organizations with a financial trace, one that aligns business decisions to the cloud spend incurred
• Empowered Product Teams: Providing them with the autonomy, visibility and responsibility to make their own financial decisions, whilst operating within the guardrails established
• Optimised Cloud Spend: ensuring every penny spent on Cloud services is done using the optimal service offerings available and making use of the appropriate financial incentives and consumption models the Cloud Service Providers have to offer

This talk will cover:

• How to Bring Your Finance Functions into your Cloud Adoption
• What is FinOps? How does it help?
• Understanding the Core building blocks for successful FinOps function
• Establish a Financial Trace between your Cloud Spend, Engineering Efforts, and Business Initiatives
• What is the FinOps Foundation (finops.org) and the benefits that it offers