Cloud Financial Management — Beyond Just Optimization

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Dieter Matzion

1:06:18

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1. Introduction.mp4

01:24

2. The Challenge of Cloud FinOps.mp4

05:13

3. FinOps Principles & FinOps Teams.mp4

04:30

4. FinOps and Other Methodologies.mp4

01:25

5. FinOps Capabilities.mp4

03:35

6. FinOps Common Language.mp4

02:55

7. Anatomy of a Cloud Bill.mp4

02:26

8. The FinOps Lifecycle.mp4

01:22

9. The Inform Phase.mp4

10:37

10. The Optimize Phase.mp4

16:27

11. The Operate Phase.mp4

14:43

12. Summary.mp4

01:41

Description

As spending on the public cloud is increasing globally, companies are looking for ways to reduce cost and increase efficiency. Financial Operations, or FinOps, is similar to DevOps, which enables companies to accelerate technology delivery. FinOps is a new operating model that maximizes the value of an organization's cloud investment.

In this lesson, you are going to learn about FinOps Principles and how to build FinOps Teams, as well as the three phases of the FinOps Lifecycle. Specifically, you will learn how to apply FinOps processes and practices to reduce rates and avoid unnecessary cloud costs.

If you have any feedback on this lesson, please get in touch with us at [email protected].

Learning Objectives

Understand what makes the cloud so powerful and why it is changing how businesses operate
Understand what makes cloud challenging from a technology, management, and financial perspective
Learn about the six FinOps Principles and how to build successful FinOps Teams
Learn about FinOps capabilities and how to build a common language within your organization
Learn about the anatomy of a cloud bill and how to take advantage of the Basic Cloud Equation
Learn about the three phases of the FinOps Lifecycle and how to build successful processes and practices to reduce rates and avoid cost

Intended Audience

This lesson is for engineers, operations, and Finance people looking to understand how to improve efficiency and reduce cost in the cloud.

Prerequisites

to get the most out of this lesson, you should have a foundational understanding of cloud concepts, specifically how compute and storage are provisioned and billed in the cloud. Some familiarity with rate reduction and cost avoidance methods in the cloud would also be helpful but are not essential.

References

The FinOps Lifecycle section of this lesson references materials from:

FinOps Framework by FinOps Foundation

The Anatomy of a Cloud Bill lecture references materials from:

Cloud FinOps: Collaborative, Real-Time Cloud Financial Management, O'Reilly Media; 1st edition (January 7, 2020)

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Financial Management

Cloud Computing

Dieter Matzion

Instructor's Courses

Dieter Matzion is a member of Intuit’s Technology Finance team supporting the AWS cost optimization program. Most recently, Dieter was part of Netflix’s AWS capacity team, where he helped develop Netflix’s rhythm and active management of AWS including cluster management and moving workloads to different instance families. Prior to Netflix, Dieter spent two years at Google working on the Google Cloud offering focused on capacity planning and resource provisioning. At Google, he developed demand-planning models and automation tools for capacity management. Prior to that, Dieter spent seven years at PayPal in different roles ranging from managing databases, network operations, and batch operations, supporting all systems and processes for the corporate functions at a daily volume of $1.2B. A native of Germany, Dieter has an M.S. in computer science. When not at work, he prioritizes spending time with family and enjoying the outdoors: hiking, camping, horseback riding, and cave exploration.

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