Podcast

Cloud Cost Optimization Podcast

Discover the art of Cloud Cost Optimization through our podcast. Explore Cloud optimization definition, strategies, and best practices to maximize cloud resources, minimize waste, and enhance your cloud environment with experts on Cloud Infrastructure Management and Cloud FinOps practices.

E43: What is the FinOps Framework and How Can it be Applied to My Organization?

FRAME IT, WORK IT Every system, process, or operation is built on a framework, and the same goes for FinOps. Nick and Jason continue with their FinOps series and today, they discuss the FinOps Framework and how it can be applied to your organization. Our duo gets down with the details starting from the core elements of the FinOps Framework, to understanding cloud usage and cost, and many more. Find out more about the FinOps Framework in this latest episode of Cloud Cost Optimization. WORDS TO OPTIMIZE YOUR DAY JASON: THE CORE ELEMENTS OF THE FINOPS FRAMEWORK “They call them core elements. We've talked about some of them in some of our episodes, but Principles, Personas, Phases, Maturity, Domains, and Capabilities are the core elements of the FinOps framework.” JASON: ADVICE FOR THOSE STILL STARTING WITH THEIR FRAMEWORK “The first phase is to start with Inform. Inform gives you visibility and allows you to allocate your environment properly, budget, and forecast out into the future. So that's where I would start, with the informed phase, set realistic, SMART goals for the organization and what they want to achieve from either allocating, whatever is important, allocation, anomalies, forecasting, whatever is important to the organization, set those and then start to live up.” 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/ Get a free assessment and optimize your environment in TenacityCloud.com

E42: How FinOps Can Improve Your Bottom Line

APPLICATION LEADS TO RESULTS. RESULTS LEAD TO IMPACT. We have talked about the definition of FinOps, its terminologies, benefits, and core principles. In this episode, Nick and Jason will be discussing how FinOps can impact your bottom line towards improvement. Our duo will be touching on lift and shift, allocation, visibility, transparency, predictability, and many more. Stay tuned to learn more in this latest episode of Cloud Cost Optimization. WORDS TO OPTIMIZE YOUR DAY JASON: THE PROBLEM WITH THE LIFT AND SHIFT “If you're only doing the lift and shift portion of whatever you're calling your digital transformation, or your migration to the cloud, in effect you’re not getting the true value from the cloud, because primarily, lift and shift deals with a lot of legacy compute.” NICK: FACTORS THAT IMPACT THE BOTTOMLINE “Direct effect on the bottom line, I'm gonna drop dollars down to my EBITDA, and then there's also rate-based optimization, so I'm going to be able to commit to using certain things, and right down to my bottom line. So those are sorts of two economic drivers for impacting your driving bottom line. But there are all these other sorts of value points, I think you touched on in the beginning of that which was visibility and transparency, this sort of idea of data-driven decisions. So now I can get predictability. So once I have predictability, then I can start to make decisions about things I want to do.” JASON: TRUE BENEFIT OF FINOPS “I think FinOps is designed to help companies increase revenue, lower the cost it takes to support that revenue, and allow companies to truly leverage the benefits of the cloud without the apprehension that comes with it.” 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/ Get a free assessment and optimize your environment in TenacityCloud.com

E41: What are the Core Principles when Incorporating FinOps?

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/ Get a free assessment and optimize your environment in TenacityCloud.com

E40: How to Sell the Importance of FinOps to Your Organization

IS FINOPS SALEABLE TO YOUR ORGANIZATION? As many organizations normally operate, every course of action that needs to be done or proposed to be taken will undergo a series of approvals and a whole lot of convincing and selling. If the action to take entails some cost, oftentimes it’s a hard sell. In this episode, Nick and Jason will be talking about how you can effectively sell the importance of FinOps in your organization. Stay tuned until the end in this latest episode of Cloud Cost Optimization. WORDS TO OPTIMIZE YOUR DAY JASON: A SIGNIFICANT PORTION OF THE COST STRUCTURE “Cloud has to be a significant meaningful portion of your overall cost structure for the cost savings or optimization piece to bubble up to that level.” JASON: ALIGNING WITH THE PROBLEM VIA PERSONA “It's about aligning the problems that the organization faces, with how FinOps will solve some of those problems in the language that your persona identifies with. So as we mentioned with CEO, it's going to be about accelerating growth. We talked a little bit about CFOs, it's going to be more about cost visibility and making sure that you're accurately forecasting. But the key is that one, I'm assuming you have a set of problems identified, because you're looking at FinOps, and aligning those problems with how FinOps will help you solve them to the personas that you're talking to.” 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/ Get a free assessment and optimize your environment in TenacityCloud.com

E39: What are the Benefits of Incorporating FinOps in Your Organization?

WHAT’S A COST-BENEFIT ANALYSIS FOR WITHOUT TALKING ABOUT BENEFITS? In the past episodes, Nick and Jason have talked about the basics of FinOps, its definition, and the terminologies involved in it. In this installment of their FinOps series, the duo will be talking about the benefits of incorporating FinOps in your organization. The two will talk about the problems experienced pre-FinOps and how they are dealt with, capabilities for transparency and data-driven decision-making, and giving predictability to a project's cost. Learn more in this latest episode of Cloud Cost Optimization. WORDS TO OPTIMIZE YOUR DAY JASON: THE TRUE GOAL OF GOING TO THE CLOUD “Could you potentially save some money? Yes. I mean, that's definitely possible, because I'm going to use what I need to use, but it's not necessarily the goal of using the cloud, the goal of using the cloud is to grow, to become, to generate more revenue to be more innovative and to get things done faster than I ever can before.” JASON: FINOPS ALLOWS YOU TO MAKE DATA-DRIVEN DECISIONS “More than just looking, it allows you to take that data, not only to understand what my costs were, but also what my costs are going to be so that I can make better decisions about how I leverage technology. ” 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/ Get a free assessment and optimize your environment in TenacityCloud.com

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