Making Dollars and Sense Out of FinOps - SEG202

Explore key FinOps concepts and methodologies in this AWS re:Invent 2023 conference session where Enterprise Strategy team representatives demonstrate how organizations can optimize cloud financial management and drive business value. Gain practical insights into implementing FinOps principles, including visibility, compliance, team structure, forecasting, and KPIs. Discover real-world examples of organizations achieving significant cost savings while maintaining business value, and learn about the three core components of FinOps implementation. Understand how to develop effective financial processes and strategies that translate into actionable insights for both short-term and long-term cloud cost management. Master essential aspects of cloud financial management through discussions of team sizing, communication strategies, incentive structures, and application footprint optimization. Benefit from Amazon's own experiences and learn how to leverage the Cloud Financial Management Capability Assessment to enhance your organization's FinOps practices.