Worldwide spend on cloud infrastructure hit a staggering $169 billion in 2022 with Microsoft and Amazon Web Services (AWS) combined, accounting for 62 percent of the cloud market share. In its first quarter of this year revenue from AWS totaled $21.35 billion, representing almost 17% of Amazon’s overall revenue. What lessons can we learn from within AWS about effective cloud financial management? How can FP&A teams better understand this complex line item? We are joined by Jeff Duresky, Senior FinOps Commercial Architect, Amazon AWS. He is a finance leader who supports the cloud leader’s largest and most strategic customers – and has also held strategic FP&A roles at companies including Capital One.
“As a finance professional the more you understand cloud, the better the insights you’ll be able to drive” – Jeff Duresky
In this episode
- Jeff’s worst budget experience (aka professional service accrual releases).
- The link between cloud financial management and FP&A
- trading fixed expenses in cloud
- Smart decisions related to cloud expenditures and management
- Common cost language – how to get it right
- Secrets to cloud forecasting
- Promoting the best finance and engineering team conversations around the cloud
- Finding reductions in costs for cloud users
- Core metrics to assess and unit costs (cost per gigabyte, cost per instance)
- First steps to begin forecasting cloud costs
- My biggest finance strategic moment
- The last finance thing I googled
- The importance of taking notes in a career in FP&A
Notes
How to establish and drive a forecasting culture
How to talk about cloud with a non-cloud audience (business partnering)
The Key to AWS Optimization
Follow and connect with Jeff Duresky on LinkedIn https://www.linkedin.com/in/jeffduresky/
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