Chicago's AWS user group September 24th 2019 FinOps in AWS "Introduction to FinOps" – Greg VanderWel Area Director, Apptio FinOps in AWS - managing cost, spending, and budgets in AWS accounts

1. The Platform for FinOps

2. FinOps is the practice of bringing technology, business and finance together
to master the unit economics of cloud for competitive advantage
FinOps
The Operating Model for the Cloud

3. Inform
● Cloud Migration
● Cloud Cost Visibility
● Cost Allocation and
Chargeback
Optimize
● Cloud Cost
Optimization
● Governance
Operate
● FinOps Excellence
Use Cases

4. Challenges
Cloud Migration
● Developing a migration strategy w/ tech, business and financial objectives
● In-house expertise
● Predicting spend and preventing cost overruns and delays

5. Build a Strategy - Align Business & Technology Goals
FinOps Practice Management
Outsource cloud financial management to
our experts
•Discovery, analysis, planning, and
recommendations
•Implementation of recommendations
•Ongoing operations

6. Challenges
Cloud Cost Visibility
● Single source of truth that everyone trusts
● Time spent in spreadsheets for reconciliation and budgeting
● Accounting for all cloud resources
● Gaining access to relevant data
● Predicting spend
● Benchmarking

7. Challenges
Cost Allocation & Chargeback
● A single source of truth that everybody trusts
● Time spent in spreadsheets
● Mapping cloud spend to business units
● Dealing with shared resources

8. Challenges
Cloud Cost & Optimization
● Jumping on reserved instances before rightsizing
● Myth that optimization is a one-time effort
● Sound data to negotiate commitments
● Empowering teams with the right data to rightsize

9. Challenges
Governance
● Ensuring the right practices and policies
● Empowering agility and enforcing accountability
● Control access to spend data
● Budget predictability and compliance
● Proactive management by exception

10. Challenges
FinOps Excellence
● Going beyond lift-and-shift
● How to leverage granular consumption economics to increase margins and
competitive advantages
● Integrating business and infrastructure metrics to drive decisions