Mike AustinFounder & CEO, Metrixdata 360 Inc. · Mike Austin | Helping enterprises take control of software costs through data, strategy, and relentless execution

“Cloud Cost Optimization 2025: Maximize ROI with Proven FinOps Strategies”

Name: “Cloud Cost Optimization 2025: Maximize ROI with Proven FinOps Strategies”
Uploaded: 2024-10-22T19:45:01+00:00
Duration: 42 s
Channel: Mike Austin
Description: Mike Austin presents a YouTube talk on cloud cost optimization focused on a FinOps-style workflow. After building an "Inform" foundation (data and…

22 Oct 2024 · 1 min

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Mike Austin presents a YouTube talk on cloud cost optimization focused on a FinOps-style workflow. After building an "Inform" foundation (data and forecasting), the talk moves to an "Optimize" stage where Austin emphasizes removing waste (zombie resources), right-sizing oversized resources, improving unit economics, negotiating volume-based price commitments enabled by better forecasting, and detecting usage anomalies.

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And in optimize, this is where you're going to try and get rid of the waste, right? So if I go back to my, my Venn diagram here, you know, we want to optimize oversized. We want to right size those off, you know, right size those things. We want to get rid of zombie resources. It could be optimizing unit economics and negotiating prices based on volume and things like that. Because now that I've got a strong foundation in the inform stage, so to speak, I can actually forecast better and go negotiate those deals so I can commit to higher volumes. And then it's also around detecting anomalies in use.