Hyoun Park’s Post

Excited for FinOps X 2024 next week: https://x.finops.org/us/. As organizations accelerate their cloud adoption, the lines between FinOps and Cloud Cost Management continue to blur, such that cloud financial management and technical operations are no longer separate entities, but intertwined components of a cohesive strategy. It means that C-level executives, finance teams, and cloud architects must collaborate to optimize cloud spend, drive business agility, and unlock innovation. The intersection of FinOps and Cloud Cost Management presents an opportunity to rethink traditional budgeting and resource allocation. By leveraging financial management tools and practices, organizations can shift from reactive cost-cutting to proactive, data-driven decision-making. This requires a cultural shift, a willingness to break down silos, and a commitment to transparency and accountability. Principles we share as part of our thriving and growing FinOps Community. Have fun in San Diego!

#finopsx San Diego is just 30 days away. Clock is beating faster. Join us at FinOps X, a world-class event for any Cloud FinOps practitioner or Cloud Financial Management Practitioner. Register now to secure your spot at https://x.finops.org/us/ - but hurry, time is running out! Let me know that you are coming to see you there. #fomo #finopsx #finopscommunity #finops

What sets Maryville Consulting Group apart is our commitment to culture of continuous improvement. With each new customer, we bring not just solutions, but the valuable lessons learned from our collective experiences. It's this collaborative spirit that fuels our growth and drives meaningful results for our clients. In 2021, we ventured into FinOps with the establishment of our FinOps Practice - focused on cloud optimization through strategic engagement of business, finance and engineering teams. I was excited for my colleagues to leverage and apply that continuous improvement mindset, and appreciative that a core set of customers and partners trusted us with a new set of challenges. Fast forward to today, we've helped dozens of Fortune 500 organizations with establishing accountability models around cloud optimization, giving our customers the blueprints for how to leverage people, process and technology to drive effective use of the cloud. I am excited for FinOps X, and excited for another year of compounding growth through a culture of continuous improvement. #finops #cloudoptimization #spendmanagement #productmanagement The Product Model

Heading to Barcelona for #FinOpsXE this fall? Save a spot on your calendar to meet with Ternary in person. We’ll be sharing #FinOps best practices, fostering collaboration between #finance and #engineering teams, and showing the world why customers and MSPs prefer Ternary over legacy cloud cost management platforms. Reserve 1:1 time with our expert team: https://lnkd.in/g-DvRupr

Learning more about FinOps at Forrester Technology & Innovation Summit. Excellent presentation by Tracy Woo and Kimberly Floss. For companies that have been already in the cloud for a while, or planning to go there, learning more about it is a must.

FinOps is an emerging discipline for Cloud modernization. Whether your organization is commercial, Government, or somewhere else, FinOps will help you get the best value for your cloud expense.

🚨 Is FinOps facing an existential crisis? 🚨 According to Kyle Campos there are two major reasons why FinOps isn’t living up to its promise: 1️⃣ It can’t demonstrate its value to the business. 2️⃣ It’s disconnected from the teams that make cloud magic happen—engineering. If FinOps is going to survive (and thrive), it needs more than just better metrics—it needs third-generation tools that can close these gaps once and for all. Curious about how? Kyle breaks it all down in his latest piece, exploring what’s needed to finally turn FinOps into a strategic powerhouse that drives real impact. 🚀 🔗 Dive into the full article here: https://hubs.ly/Q02VH1jv0 What’s your take? #FinOps #CloudStrategy #CostOptimization #CloudBolt

🌟 Discover the Latest in FinOps! 🌟 📚The FinOps Foundation has launched its much-anticipated Insights journal, your one-stop shop for staying ahead of the curve in cloud cost management. Gain the FinOps Foundation's unique perspective on best practices and real-world experiences of business leaders as they navigate their FinOps journey. Big thanks to J.R. Storment for highlighting the launch. #finops #techinnovation #cloudcost #cloud #cloudcostoptimization #aws #finops #artificialintelligence #machinelearning #blockchain #awsblogs #finopsfoundation #techeducation

It's launch day for the FinOps Foundation's new Insights journal: covering #1 Foundation perspectives on key items (like the updated definition of FinOps), #2 Executive Stories (first up SAP Wallace Suleiman, Fidelity Investments Jennifer Hays, Athene Andrew Boerjan), and #3 Cloud Provider product deep dives (first up Amazon Web Services (AWS) Rick Ochs, Google Cloud Sarah McMullin, Microsoft Michael Flanakin) that the #finops community needs to understand. More to come! Hat tip to Rob Martin, Amber Gregorio, Andrew Nhem, Sam Benson, Mike Fuller and all who worked on it...

Hey LinkedIn Community, as organizations increasingly migrate to the cloud, the need for effective cloud cost management has become a top priority. But managing cloud spend is only half the battle - the real challenge lies in aligning cloud costs with business outcomes. This is where FinOps comes in, providing a financial lens through which to view cloud spending and resource allocation. By applying FinOps principles to cloud cost management, we can move beyond mere cost optimization and start to drive real business value from our cloud investments. FinOps means using financial data to inform cloud architecture decisions, and using cloud usage data to inform financial planning. It means creating a culture of accountability and transparency around spending, and empowering teams to make data-driven decisions that drive business outcomes. The possibilities are vast, and the benefits are clear: improved cost efficiency, increased agility, and a more strategic approach to cloud adoption. To learn more about FinOps, check out the rapidly growing community at https://www.finops.org/ and consider attending FinOpsX 2024 in San Diego, next month. 🙂