As businesses grow their spend in the public cloud to accelerate innovation and to build a competitive advantage, predicting cloud growth accurately short- to long-term becomes increasingly important for leadership. Finance and executives need to know available funds several years into the future to build their innovation roadmap.
In this course, you are going to learn about cloud forecasting and how to align forecasting models with the maturity of your FinOps / Cloud Financial Management practice. You will learn about the relevant terms and concepts as well as how to identify ownership and accountability. We will break down the challenge into addressable parts and walk you through solution approaches at each step.
Learning Objectives
- Understand what cloud forecasting is and why it's important
- Understand what challenges exist in cloud forecasting and how to address them
- Learn about the different ways you can forecast in the cloud
- Learn about what you can do to improve cloud forecasting
- Learn about the role forecasting plays in FinOps
Intended Audience
- This course is for FinOps / Cloud Financial Management and Finance people looking to understand how to improve cloud forecasting and how to increase forecast accuracy.
Prerequisites
A basic understanding of how the cloud works, including compute and storage services and their pricing models, as well as an understanding of the financial processes around forecasting, budgeting, procurement, and allocations.
To summarize this course, accurate cloud forecasting is important because the business needs to know how much money will be available for future innovation after the cloud bill has been paid. And how to accurately forecast will depend on the processes and maturity of your organization.
Before I let you go, I like to give you some ideas where you can get more information about FinOps. The simplest way is to watch more courses on Cloud Academy of course! Next you can visit the FinOps website at FINOPS DOT O-R-G and become a member.
The FinOps Foundation is part of the Linux Foundation and is not affiliated with any specific company. It is a central community for cloud financial management and is vendor agnostic, which means you won't get solicited by other companies.
The FinOps Foundation helps to advance the careers of FinOps practitioners through career development, educational, and certification programs.
If you want to help to define cloud financial management standards, please join their Slack channel where you get instructions on how to contribute to Open Source projects.
If you are interested in obtaining a FinOps practitioner certification, feel free to use the discount code DIETER-15, this is D-I-E-T-E-R dash one five for a 15 percent discount.
I hope this course on cloud forecasting was useful to you, and that it helped to give you a better idea of how to accurately forecast cloud spend for your business.
I am Dieter Matzion, thanks for watching!
Dieter Matzion is a member of Intuit’s Technology Finance team supporting the AWS cost optimization program.
Most recently, Dieter was part of Netflix’s AWS capacity team, where he helped develop Netflix’s rhythm and active management of AWS including cluster management and moving workloads to different instance families.
Prior to Netflix, Dieter spent two years at Google working on the Google Cloud offering focused on capacity planning and resource provisioning. At Google he developed demand-planning models and automation tools for capacity management.
Prior to that, Dieter spent seven years at PayPal in different roles ranging from managing databases, network operations, and batch operations, supporting all systems and processes for the corporate functions at a daily volume of $1.2B.
A native of Germany, Dieter has an M.S. in computer science. When not at work, he prioritizes spending time with family and enjoying the outdoors: hiking, camping, horseback riding, and cave exploration.