The Reasoning Show

2023 Look Ahead to FinOps

9 snips
Jan 25, 2023
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

FinOps Is A Maturity Practice Connecting Finance And Engineering

  • FinOps emerged as a maturity practice connecting finance and engineering to manage cloud spend.
  • The FinOps Foundation offers a crawl/walk/run capability model to measure maturity across reporting, optimization, and organizational processes.
ADVICE

Set Regular Dialogue Between Engineering And Finance

  • Do create ongoing dialogue between engineering and finance and designate intermediaries like your CTO or CFO to translate priorities.
  • Engineers explain workloads and finance explains unit economics so both can decide if spending is justified or needs adjustment.
ADVICE

Begin Cost Management By Turning On Visibility And Cadence

  • Do start with visibility: give engineers cost dashboards and set meeting cadences so teams can pull numbers into BI tools or internal reviews.
  • Begin with a technical owner (engineering manager) who pushes data into regular finance reviews to form a feedback loop.
Get the Snipd Podcast app to discover more snips from this episode
Get the app