Maximizing Cloud Investment with Best FinOps Principles

CIO Council

March 2, 2023 - Benelux & DACH

SPEAKERS

Taras Kotov EPAM Systems
Taras Kotov

Systems Architect

EPAM Systems

Council Speaker

Taras is Systems Architect with 10 years of experience in AWS helping organizations with cloud adoption including setting up the cloud footprint, migrating different workloads from on-prem to AWS, building hybrid setups, developing infrastructure automation frameworks, doing cost optimization through adoption of FinOps best practices.

Christian Nilsson EPAM Systems
Christian Nilsson

Principal, Technology Consulting

EPAM Systems

Council Speaker

Christian is Principal Cloud Technology Advisor with 20 years of experience helping companies and enterprises become more agile, increase innovation, and reduce time to market. His holistic approach to problems through the lens of people, processes, and technology enables enterprises in a diverse set of industries such as automotive, insurance, and banking to overcome challenges of digital transformation.

Cédric Vogel AWS
Cédric Vogel

Senior BDM Cloud Economics

AWS

Council Speaker

Cedric enables AWS customers of all size to understand the economics of the cloud. He works backwards from the customer’ business goals and leverage AWS Cloud Economics’ best practices and tooling to identify, quantify and realize value creation opportunities at each stage of customers’ journey to the Cloud. Cedric is a certified French chartered accountant with over 10 years’ experience as a management consultant with a focus on business and finance transformation, performance improvement, technology changes and financial reporting.

March 2, 2023

Agenda

All times Central European Time

3:00 PM-4:15 PM

Maximizing Cloud Investment with Best FinOps Principles

Across industries, cloud continues to be one of the fastest-growing segments of IT spend. In fact, according to the latest forecast from Gartner, worldwide public cloud end-user spending is expected to reach nearly $500 billion in 2022 – 20% more than the previous year. But without a clear and actionable plan for cloud cost management, many organizations are overspending by as much as 70%. Organizations are embracing FinOps and its combination of tools, automation, and best practices to gain more financial and operational control of their Cloud. For greater ROI, leaders must take a holistic approach in building and installing Cloud FinOps practices that help engineering teams deliver quality product and better features faster such as:

  • FinOps Core Principles and Lifecycle
  • Accountability and Governance
  • Automating Cost Management
  • Tools and Accelerators
  • Cost Optimization

By taking a top-down method, leaders can mediate Cloud overspend and build towards a goal of cultural change through Cloud FinOps to maximize their Cloud investment.


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