How FinOps Can Improve Your Bottom Line

Cloud Cost Optimization

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/

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