Cloud Costs...the bane of my existence

^{Today’s Newsletter is sponsored by Archera}

Hey there IT pro,

I’ve worked as a SysAdmin and Engineer for a variety of companies and startups that build on the Cloud.

I’m sure many of you have worked for these companies too.

It feels like every company still has not figured out Cloud Cost management.

And the scale of waste is absolutely crazy…I’ve seen bills in the tens or hundreds of thousands of dollars.

Whether it’s a giant EC2 instance just sitting around idly or Load Balancers that aren’t load balancing anything…companies tend to waste money on Cloud.

With this scale of spend, there’s opportunity and problems to be solved.

This new problem has even created a new industry term…FinOps.

No, this has nothing to do with Dolphins or fish.

FinOps is Cloud Financial Operations.

My friend Forrest Brazeal made this awesome graphic explaining “FinOps” tools and I think it hits the mark perfectly:

Cloud FinOps Insurance is a new type of business model that’s popped up too that I find really interesting. And to be honest, I’ve never been so good at working out how premiums and math and all that stuff works out.

Luckily, there’s a cloud insurance provider that actually puts money back in your bank account if you do.

Unlike a traditional FinOps platform, Archera is a cloud insurance provider that takes the risk out of forecasting your cloud spend.

Check out Archera’s Insured Commitments and free tools for forecasting your company’s cloud spend.

What are some of the biggest FinOps screw-ups and scams you’ve seen?

Hit reply and lemme know, I read every email.

✌️

Stetson