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

From Chaos to Control - Episode 6

Name: From Chaos to Control - Episode 6
Uploaded: 2023-10-17T15:00:01+00:00
Duration: 47 s
Channel: Mike Austin
Description: A short episode of a YouTube series in which Mike Austin discusses the role of collaboration in financial operations (FinOps). He emphasizes mastering…

17 Oct 2023 · 1 min

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A short episode of a YouTube series in which Mike Austin discusses the role of collaboration in financial operations (FinOps). He emphasizes mastering visibility into resource usage and costs, building dashboards and analytics for real-time insight, and being able to connect cost data to business metrics (revenue, gross margin) so finance and engineering can make aligned decisions.

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But I think anybody that's in finops, you have to be a master at collaboration, right? Because these decisions reside all over the place. I mean we see things all the time where it's like here's an opportunity to save all this money. You've got a bunch of resources that aren't being used and then the engineers are like, we don't have time to even, you know, tackle that or look at that. And then they just continue to waste, waste money. Right? And so it's mastering that visibility. So not only getting, you know, the associated data and the cost associated with it, creating the dashboards and the analytics tools to provide real time insight. So if the CFO comes and says, okay, what's the impact on this to our revenue? Because we know that scaling this product line, you know, does acts with revenue. Can you report on that? Right? Can you report on how it's impacting gross margins and things like that, right?