Ep#147 Cloud Budgeting and Forecasting Done the Right way, The #FinOps Way with Jeff Blume
Jon Myer Podcast31 Heinä 2023

Ep#147 Cloud Budgeting and Forecasting Done the Right way, The #FinOps Way with Jeff Blume

In this podcast, Jon Myer discusses budgeting and forecasting cloud costs with Jeff Blume, a senior optimization solutions architect at AWS on the Optics team.

Jeff starts by explaining the differences between cost estimation, budgeting, and forecasting. Cost estimation focuses on calculating the cost of specific workloads, while budgeting is about allocating resources based on a predefined plan. Forecasting, on the other hand, involves predicting future financial outcomes based on anticipated events and assumptions.

To properly forecast cloud costs, Jeff suggests two methods: trend-based forecasting and driver-based forecasting. The trend-based forecast relies on historical patterns, assuming a consistent growth rate. In contrast, the driver-based forecast takes into account changes in demand drivers, such as new product launches, user influx, strategic expansion, or retiring workloads.

Jeff emphasizes the importance of communication and collaboration between teams to improve cloud financial predictability. Weekly meetings, variance analysis, and understanding the impact of optimization efforts on the forecast are crucial to achieving accurate predictions.

He recommends using AWS tools like AWS Budgets and Cost Anomaly Detection in conjunction with third-party tools to monitor and optimize cloud costs effectively. Furthermore, engaging in the cloud #FinOps community and staying updated on the latest best practices and benchmarks can help organizations save costs and improve their cloud financial management.

Overall, establishing open communication, understanding demand drivers, and utilizing appropriate forecasting methods and tools are essential steps to successfully budget and forecast cloud costs.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(274)

Ep#230 Healthcare and Cybersecurity from the Challenges to the Solutions

Ep#230 Healthcare and Cybersecurity from the Challenges to the Solutions

In this episode of The Jon Myer Podcast, we tackle the critical issue of cybersecurity in healthcare with Jeff Warren, Chief Product Officer at Netwrix. With healthcare organizations increasingly beco...

25 Maalis 202518min

Ep#229 Transforming VDI (Virtual Desktop Infrastructure) for Healthcare Professionals

Ep#229 Transforming VDI (Virtual Desktop Infrastructure) for Healthcare Professionals

In this episode of The Jon Myer Podcast, we dive deep into how Virtual Desktop Infrastructure (VDI) technology is revolutionizing healthcare delivery. Our special guest Kamal Srinivasan, Senior VP of ...

18 Maalis 202516min

Ep#228 OpenOps Is Going Open Source

Ep#228 OpenOps Is Going Open Source

In this groundbreaking episode, Jon Myer welcomes back Amit Saar, CEO of OpenOps, to announce a major shift in their business model: OpenOps is going open source. Amit explains their vision for democr...

17 Maalis 202517min

Ep#227 How SnapLogic Innovates with Strategic Blue and AWS: Enterprise Integration Success Story

Ep#227 How SnapLogic Innovates with Strategic Blue and AWS: Enterprise Integration Success Story

Join Jon Myer as he sits down with Dominic from SnapLogic and James from Strategic Blue to explore how their partnership is driving innovation through strategic AWS cost optimization. Learn how SnapLo...

26 Helmi 202517min

Ep#226 The Path to Infrastructure Platform Nirvana with Joe Duffy from Pulumi

Ep#226 The Path to Infrastructure Platform Nirvana with Joe Duffy from Pulumi

In this insightful episode of the Jon Myer Podcast, Joe Duffy, Founder & CEO of Pulumi, discusses the evolution of infrastructure platforms and their crucial role in modern cloud computing. The conver...

11 Helmi 202521min

Ep#225 Digital Excellence Beyond AI: Grounded in Reality

Ep#225 Digital Excellence Beyond AI: Grounded in Reality

In this episode from AWS re:Invent 2024, Jon Myer sits down with leaders from Strategic Communications and Rackspace to discuss the reality of AI implementation in the public sector. Learn how these p...

31 Tammi 202523min

Ep#224 Public Sector Modernization Unleashed: The Strategic and AWS Partnership in Action

Ep#224 Public Sector Modernization Unleashed: The Strategic and AWS Partnership in Action

In this episode from AWS re:Invent 2024, Jon Myer sits down with Kathy Mills (CEO) and Chris Mills (CRO) from Strategic Communications to discuss their transformative journey in public sector moderniz...

29 Tammi 202521min

Ep#223 How to Fix FinOps Automation Once & For All

Ep#223 How to Fix FinOps Automation Once & For All

Description: In this episode from AWS re:Invent 2024, Jon Myer sits down with Amit, CEO of OpenOps, to discuss the challenges and solutions in FinOps automation. Learn why current automation tools fal...

27 Tammi 202526min