Week #2 of the 10 week push into FinOps best practices for the upcoming O’Reilly book brought an excellent conversation with Jason Fuller from HERE Technologies. Jason shared war stories on building a FinOps practice in a global enterprise. This coming week: Anders Hagman from Spotify will be speaking on Unit economics and how to create meaningful metrics for different personas.
Around 40 FinOps practitioners attended the call to join in the conversation.
Jason talked about his ‘three-legged stool’ approach to FinOps of People, Process and Technology:
- How to take a walk, crawl and run approach when managing FinOps where different organizations at different stages require a different approach.
- How to look for early wins when first launching your program around Reserved Instances, cross charging correctly for RI pre-payments, usage modeling and credit allocation to distribute credits to the right teams
- The importance of building up your “street cred” and popularity within the organization
- Ways to pay for your FinOps team by splitting savings within Finance
- Continuously improving your FinOps processes and always looking for new wins
- Coaching your Finance teams to be bold and to be change agents
- Getting engineering teams on your side by helping to take work off their plate
- The ‘intimacy’ of rightsizing as an optimization option and the challenges of building organizational buy-in for it from the C-level down
Next week a great speaker from Spotify, one of Google’s marquee customers with a publicly reported $450 million commitment to GCP. Anders Hagman, is the Head of Technical Procurement at Spotify and runs a sizable team that owns FinOps. Anders will be leading a discussion on unit economics and how to create meaningful metrics for different personas. There will also be time for QA/Discussion.
Recordings of the video and transcripts are made available to FinOps Foundation members so be sure to join if you want to be a part of the conversation.
Keep breaking down the silos…