Mike Austin introduces challenges faced by CIOs, IT departments, and procurement, foregrounding rising cloud costs. He notes specific cost problems: unpredictable monthly bills and suboptimal resource allocation (paying for underutilized or unused cloud resources). The talk frames FinOps as a cost-saving approach but signals additional benefits will be discussed.
Chapters
So first I thought I would start with sort of the challenges that, you know, the CIOs and IT departments and probably procurement are facing today. And, you know, I bring this up because when you get into finops, a lot of people think of finops in sort of, you know, as a means to save costs, which it definitely is. But there's, you know, definitely other things that come with that. And so when you look at some of the top challenges that, you know, the CIOs or it is facing today, obviously rising cloud costs is definitely one. And in that, you know, there's rising cloud costs come in a number of different ways. There's unpredictable bills where the monthly billing can vary depending on what's going on. We're seeing a lot of people with, you know, what we'll call suboptimal resource allocation in that they're buying underutilized or paying for underutilized resources or resources that they're paying for that they're not using at all.