State of FinOps - February Summit 2022

Over 1,000 community members took the State of FinOps survey. Get a first look at the initial snapshot and hear a panel discussion including, Natalie Daley (HSBC), Riley Jenkins (Domo), Ashley Hromatko (Pearson) and Bailey Caldwell (McKinsey & Company) on what they mean. Also, get a first look at the US Federal Government Working Group playbook for FinOps and understand the Technical Advisory Council plans for 2022.

[SuHwak]

29:10 - One thing I've learned: don't rely on tagging! We use AccountID -> Cost Center -> Business Unit, and with in my own Business Unit, same deal. AccountID -> Some custom numbering system which identifies Budget Holder, Team and sub-team. Each Account/Subscription thus has a clear owner, and owns the cost generated in that account. If they need to share cost, they can make those agreements amongst each other.

Again, you as FinOps team are (likely) not in control of the resource tags so define ownership outside of tags! (a simple Azure/AWS table should do fine). And yes, that means accounts galore, hundreds if not thousands of accounts (depending on your size). But it makes Showback & Chargeback soooo muuuch easier!!