E51: How Automation and Data Analytics Are Transforming Financial Operations

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.

WORDS TO OPTIMIZE YOUR DAY

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/

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