What is FinOps? The operating model and cultural practice for maximizing the value of cloud – YouTube Dictation Transcript & Vocabulary

1.so you've been running your infrastructure in the cloud and it's for incredible levels of innovation but now you're blowing past budget forecasts and you're not entirely sure why'd the problem is the same model that's empowered your team has pushed procurement to the edges of your organization and the old centralized control methods just aren't working you need a model that gives your teams a common language one that gets them communicating so they can manage costs without sacrificing the flexibility and velocity that's the whole point of class to operate at scale in the clouds something new is required welcome to fin ops fin UPS is an operating model that brings financial accountability to variable spend in the cloud using fin ops your tech to finance and business leadership teams share the same language and processes so they can manage cloud spend while maintaining velocity the model consists of three distinct phases the inform phase gives you visibility into cloud cost allocation and for creating shared accountability by showing teams what they're spending and why the optimize phase empowers your teams to take the right optimization actions based on your goals and the operate phase refines those shared high team finance and business leadership goals to focus and scale your operational efforts through continuous improvement by breaking down the silos between teams fin ups improves the unit economics of cloud so you can increase your usage without increasing your bill with fin ops your teams work together optimize the speed cost and quality of your cloud empowering them to truly rule your cloud spending find out more and phenoms dork you [Music]