What's new in Cloud FinOps? WNiCF - Interview with Udam - do FinOps like a Fortune 50
In this episode, Frank and Stephen talk with Udam about the changing world of FinOps. They focus on the challenges organizations face in managing cloud costs and data accuracy. Udam shares insights from his vast experience in the field. He highlights the need for data standardization, the role of data engineering, and ongoing investment in FinOps practices.
The conversation also explores innovative solutions like Stitcher AI, which aim to simplify data management and improve decision-making in financial operations. The speakers dive into the complexities of FinOps, stressing the need to understand fully loaded costs. They discuss engaging teams in cost allocation and the importance of contextualized data for informed decisions.
They address issues in traditional cost management and how new tools can democratize access to financial insights. These tools help organizations of all sizes optimize cloud spending and boost operational efficiency.
Sound Bites
- "We don't keep any of the data."
- "We have to be really accurate with our costs."
- "You cost double your salary to the company"
- "Cost allocation is hugely important for FinOps"
- "FinOps has to be a bi-directional interaction"