FinOps X
FinOps X San Diego 2024 – Prep Week
FinOps X is the home of FinOps, enabling the FinOps community to come together in person. Let’s get ready to rock it in San Diego!
Reports
Flexera State of ITAM 2024 Report
ITAM’s Strategic Role: The Flexera 2024 State of ITAM Report highlights ITAM’s critical role in managing IT assets to boost performance and cut costs.
Audit Costs & Data Utilization: The report shows increased audit costs and how ITAM data aids various departments, including security and finance, to benefit the whole organization.
Cross-Department Collaboration: ITAM teams are increasingly collaborating with FinOps teams and C-suite executives, indicating ITAM’s growing strategic value.
Challenges & Success Metrics: ITAM professionals face challenges in optimizing software usage and handling complex vendor use rights.
AWS, M&A
Best practices to optimize costs after mergers and acquisitions with AWS Organizations
The article highlights the key strategies for managing and optimizing AWS resources after a merger or acquisition, ensuring a smooth transition and cost-effective operations:
M&A Challenges: Mergers and acquisitions present hurdles like integrating IT systems, adhering to regulations, and ensuring business continuity.
AWS Optimization: Post-merger, AWS Organizations manage resources and costs, leveraging tools like Amazon S3 Storage Lens and AWS Compute Optimizer.
Cost Management: It’s crucial to establish cost centers, apply consistent tags, and utilize AWS services to track and reduce expenses effectively.
Continuous Monitoring: Post-M&A, continuous cost monitoring, and optimization are vital to maximize business value and operational efficiency.
Podcast
Technical Account Manager Tales:
Commitment drawdowns, EKS optimization, and rethinking your cloud architecture
Three Technical Account Managers (TAMs) from DoiT share real-life stories about overspending on the cloud and managing cloud commitment drawdowns, with practical lessons and strategies for optimizing your own cloud costs.
EKS Strategies: Learn about splitting AWS Spot Instances across Availability Zones (AZs) and the benefits of Topology Aware Hints in Amazon Elastic Kubernetes Service (EKS).
Cost Management: Uncover strategies for managing Enterprise Discount Programs (EDPs), achieving breakeven with Savings Plans/Reserved Instances (RIs), and using Flexsave coverage as a benchmark.
Architectural Review: Understand the importance of regularly reviewing your cloud architecture and making informed technology decisions.
Learning
SynyegaTV Launches: A New Channel Dedicated to ITAM, FinOps, and GreenOps
A new channel focusing on ITAM, FinOps, and GreenOps has been launched by Synyega, aiming to be the primary resource for professionals in these fields.
Expert Content: The channel will feature interviews, discussions, and live event coverage, with insights from experts like Rich Gibbons and Stephen Old.
Sustainable Practices: SynyegaTV will highlight strategies for reducing carbon footprints and enhancing energy efficiency in IT operations.
Accessible Information: Content is tailored for both experienced professionals and industry newcomers, available on YouTube.
Companies
IBM Apptio, Cloudability product updates. More to come on FinOps X
This update signifies IBM’s commitment to advancing cloud financial management and operational efficiency through innovative technology solutions.
New Capabilities: IBM’s Think 2024 introduced new products for TBM, FinOps, and Agile practices, enhancing operational and financial decision-making.
Integrated FinOps Offering: The IBM FinOps suite merges IBM Cloudability and Turbonomic, providing a unified FinOps solution for cloud cost optimization.
MSP-Focused Solutions: Cloudability MSP caters to Managed Service Providers with tools for billing, cloud spend management, and FinOps best practices.
Enhanced Cloudability Features: New integrations and capabilities for non-CSP cloud spend management, offering a comprehensive view of cloud investments.
🎖️ Mention of Honour
How Boston Celtics score with AWS
Mission Cloud helped build a modern AWS environment for the Boston Celtics.
Data centers are geographically dispersed to ensure fault tolerance for critical pieces. The partnership allows focus on areas of expertise while leaving AWS infrastructure to them.
Boston Celtics still engage with AWS but Mission Cloud handles heavy lifting. Collaboration enhances data analysis capabilities with AWS. It ensures the Celtics are prepared for any downtime scenario.
Bonus
📰 More News
For those seeking more content, this section will provide additional resources.
That’s all for this week. See you Sunday!
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