Mark Butcher – Posetiv
DOMINIQUE HUXTABLE [00:00:02] Mark, thank you for being with us today. Tell me all about FinOps.
MARK BUTCHER [00:00:07] Okay. Well, it’s it’s a pretty broad subject and it’s something that has only really come into the major domains over the last couple of years. And the reason for that is, as cloud adoption has increased across organisations, real paying points happen, which is cloud spend is is out of control. But it doesn’t mean it’s all about kind of cloud control and financial control. It’s actually about changing how organisations think and operate from a cloud perspective. So if you think about it logically in the old world of I.T. and there was a lot of control in procurement of finance over who bought what, where and when the world a cloud has utterly transformed that and the control from procurement has been pushed completely out to the edge. And it’s now come out to development teams. And those development teams now essentially have access to unlimited resources on demand. And that can be great. But the downside of that is one simple thing it means is uncontrolled, unconstrained growth. And there are no processes and procedures in place. So FinOps, part of it is about effective cost optimisation and effective cost control. But a bigger part of it is actually about changing the culture within an organisation and getting finance teams, procurement teams and operational teams to actually work together as one sharing a common language. The end result from that is if you work together effectively as you get not only better utilisation, but the first thing you get as you get for every pound you’re spending on cloud, you’re getting a pounds worth of value. So it’s not just about affective forecasting. It’s not about unit cost being lower. It’s about making sure that the resources you’re buying are the right resources at the right time. You know why they’re being used for your business. So it’s effectively it’s it’s a new operating model. So it changes how people think it changes how they operate. It changes what they do as an organisation. And it makes departments that previously are very much operating like that. Yeah. Makes them work together. Okay. In a very cold methodology in the outcome, if you want to strip it back to that is better efficiencies, better spend. And it means that money can be released that would have been wasted into other initiatives that companies want to deliver on.
DOMINIQUE HUXTABLE [00:02:03] Thank you for that, Mark.
MARK BUTCHER [00:02:03] That’s okay.