Ep. 23 Balancing the Scales Cost, Technology, and FinOps

Dvir shares insights into how FinOps has influenced their infrastructure decisions and the future of FinOps, including a shift towards a complete "shift left" agenda where engineers are hired with financial KPIs in mind. Discover more about the unique approach Wix has taken to integrate FinOps into their organization and the impact it has had on their cloud operations.

#finops #financialengineering #cloudcostmanagement

Host: Shon Harris, Developer Relations Lead, Spot by NetApp @inkedtater / swharr

Host: Danal Burke, Cloud Optimization Consultant, NetApp

Timestamped Chapter Summary
00:04 - Overview of the podcast focus on cloud computing.
00:31 - Introducing Donald Burke and his role in cloud optimization and FinOps.
01:03 - Introducing Devir Mizrashi, Head of financial engineering and FinOps at Wix.
01:47 - Transition from DevOps to FinOps.
03:04 - Shift from financial observability to a ground-up financial engineering approach.
03:13 - Intersection of technical skills and financial management in FinOps.
04:13 - Benefits of a bottom-up approach in implementing FinOps practices.
04:57 - Challenges faced when initially adopting a top-down approach to FinOps.
06:28 - Advantages of integrating FinOps into existing engineering processes.
07:22 - How reframing the narrative from cost-cutting to efficiency gained engineering buy-in.
08:32 - Discussion on improving FinOps practices to enhance buy-in and effectiveness.
10:45 - Technical considerations in FinOps - choosing the right AWS instances & regions.
13:15 - Role of consultants in spreading FinOps best practices across different companies.
14:51 - Training approaches for FinOps focused on real business and technical needs.
17:18 - Discussing multi-cloud strategies and optimizing workload placement.
19:35 - Role of tools in managing and monitoring FinOps activities.
22:05 - Impact of FinOps on technology choices and architecture within companies.