2023 Look Ahead to FinOps

Matt Ray (@mattray, Senior Community Manager for OpenCost) talks about the evolution of FinOps, alignment between Eng and Finance, and FinOps best practices. 

SHOW: 688

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SHOW NOTES:

• FinOps Foundation
• OpenCost (open source project)
• 5 Strategies to Control Cloud Costs

Topic 1 - Welcome to the show. Tell us a little bit about your background, and where you focus on Cloud Cost Management today.

Topic 2 - The cloud has been around for more than a decade. Why does it seem like Cloud Cost Management has suddenly become such a big topic of discussion over the last couple years - is it mostly the pandemic and economy (interest rates), or more driven by end-user behaviors….or both? 

Topic 3 - What do best practices for Cost Management look like today? It is mostly about having the right monitoring tools, or is it how groups are organized, or something else?

Topic 4 - How in the world can any finance person understand the nuances of all the services that are available in the cloud, and how they might impact both architecture and ultimately the bill? Who needs to be educating them? 

Topic 5 - How do most companies engage around cost management? Does it start with cost management tools and then bring in consultants (e.g. Corey Quinn) if they can’t figure things out? Or is it the CFO getting heavy-handed and setting strict policies? 

Topic 6 - Let’s talk about OpenCost. 

Topic 7 - Given all the variables involved, can you be useful in the cloud cost management space if they don’t have a strong background in building applications or architecture? 

Topic 8 - What are some of the areas of cloud cost management that are most interesting to you today? 

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