FinOps The Power of Benchmarking

Описание: Ready to unlock peak cloud performance and prove your value? 🚀💰 Learn how *FinOps Benchmarking* is the secret weapon for optimizing cloud spend and driving better business decisions!

This video dives deep into the *FinOps Framework Capability* of *Benchmarking**, a crucial practice within the 'Quantify Business Value' domain. Benchmarking is all about using **efficiency metrics* and *KPIs* (Key Performance Indicators) to evaluate your cloud optimization efforts and overall cloud value.

💡 What You'll Learn:

*1. The Power of Comparison:* Discover how to compare *unit metrics* and KPIs both internally between different departments and teams, and externally against industry peers. This helps your organization gain vital insights into its cloud usage.

*2. Setting Up Success:* We explain the importance of identifying and documenting appropriate *KPIs for benchmarking**. Internal benchmarking programs are highly effective, especially when paired with clear goals, transparent communication, and even **gamification or incentive programs* to encourage desired behaviour across Engineering and Product teams.

*3. Maturity Levels:* Where does your organization stand? The sources outline a maturity path from 'Crawl' (broad, informal comparisons) to 'Run':
*Crawl:* Using broad or very technical KPIs; FinOps informally compares key internal teams.
*Walk:* Identifying a variety of metrics; mechanisms exist for teams to self-serve information and compare performance.
*Run:* Managing a curated set of KPIs consistently; using incentives; establishing external networks and participating in industry programs like the FinOps Foundation.

*4. Key Players:* Benchmarking isn't just for the FinOps team! Success relies on collaboration with *Leadership**, **Product**, **Engineering**, and **Finance* personas, who all work to understand and achieve organizational benchmarking goals. Leadership specifically supports internal efforts and handles external communication.

Benchmarking should be seen as one activity for assessing cloud efficiency, not the only one. Successful organizations continuously review their benchmark KPIs and make decisions based on the information available.

Don't just spend in the cloud—spend wisely and efficiently! Hit like and subscribe for more *FinOps* insights! 👇

---
#FinOps #CloudBenchmarking #CloudOptimization #CloudEfficiency #CloudValue #KPIs #UnitMetrics #FinOpsFramework #TechFinance #DecisionMaking #InternalBenchmarking

***
Source Attribution: Information is based on excerpts from the "Benchmarking FinOps Framework Capability" document (Source: FinOps Foundation/CC BY 4.0).