Ep052: Bridging the Cloud Finance Divide - Experts Reveal the Evolving Art of FinOps
Update: 2024-08-27
Description
Massimo Ghislandi from AWS interviews Frank Contrepois, Chief Innovation Officer of Strategic Blue and Dvir Mizrahi, Head of FinOps for WIX sharing perspectives and best practices for FinOps, implementation, challenges and future FinOps trends for software companies.
Topics Include:
- FinOps is a new approach to managing cloud finances, bridging the gap between finance, engineering, and business stakeholders
- The implementation of FinOps can take a top-down or bottom-up approach, requiring collaboration and a common language across teams
- Shifting the conversation from "costs" to "investment" and "efficiency" has been an effective strategy for driving cultural change
- Focusing on automation, governance, remediation, and anomaly detection can have a greater impact than just cost observability
- Educating finance teams on technical cloud concepts and vice versa is crucial for building trust and alignment
- The future of FinOps may involve expanding beyond just cloud to encompass all IT assets and aligning with a company's overall values and business objectives
- Potential changes in legislation or accounting practices related to cloud could drastically impact the FinOps landscape
Participants:
- Frank Contrepois – Chief Innovation Officer, Strategic Blue
- Dvir Mizrahi – Head of Financial Engineering (FinOps), WIX
- Massimo Ghislandi – ISV Marketing Leader, EMEA, AWS
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