E50: How Can FinOps Improve Cloud Cost Governance in Your Organization?
In this podcast episode, hosts Nick and Jason discuss how FinOps can improve cloud cost governance. They explain the importance of accountability, transparency, and responsibility in cloud cost management and how FinOps can help centralize budget responsibility and drive smarter decision-making. They also provide links to their LinkedIn profiles and offer a free assessment for optimizing cloud environments on their website, TenacityCloud.com.
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Show Notes
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 TenacityCloud.com
