This episode of FinOps on Azure delves into financial operations within cloud infrastructure management, featuring host Michael Stephenson, A FinOps certified practitioner, and Andrew Matveychuk, Information Technology Architect. They discuss the critical importance of cost management in cloud environments, highlighting the expectations versus reality of cloud migration costs.

Andrew shares insights from his extensive experience, emphasizing the need for organizations to identify their primary cost drivers and explore optimization strategies, such as Azure savings plans and reservations. The conversation also touches on leveraging existing Microsoft software licenses to reduce cloud expenses, underscoring the significance of strategic planning and resource management for effective financial operations in the cloud.

For further reading, check out these resources:

🔹FinOps on Azure podcast - https://turbo360.com/podcast
🔹DevFinOps: What it is and why it matters - https://turbo360.com/blog/devfinops
🔹Tips for Controlling and Monitoring Azure Costs in Real-Time -https://turbo360.com/blog/azure-cost-monitoring-real-time

Also, don't miss out on exploring the #1 platform for Azure cost management and monitoring, designed to help you optimize your cloud spending - https://turbo360.com/signup

Key moments:

00:01:08 - Evolution from traditional IT to cloud infrastructure
00:01:50 - Importance of cost management in cloud environments
00:02:06 - Various stakeholder perspectives in cost management
00:09:15 - Cost management as a common aspect of cloud operations
00:11:22 - Challenges faced by companies during cloud migration
00:12:19 - Reality of cloud costs versus expectations.
00:16:18 - The 5 R's for cloud migration strategies
00:23:21 - Insights on hybrid benefits and their role in cost management.
00:27:24 - Case study from a large manufacturing company.
00:36:35 - The significance of leadership in managing cloud costs.
00:45:37 - Closing remarks and summary

#CloudFinancialOperations #FinOps #Azure