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In this episode, SteveO and Frank discuss the latest updates in cloud computing, focusing on AWS and Azure innovations. They cover new features in EC2, Lambda, and Workspaces, as well as advancements in data management and AI. The conversation also highlights cost management tools and strategies, flexible cost allocation, and storage solutions. The hosts emphasize the importance of FinOps in managing cloud costs and conclude with insights into future developments in cloud technology.

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In this interview with Nic Guerra, the unortodox accountant, Stephen an Frank learn about a new type of accounting...cost accounting. Frank never heard the term before. The biggest learning: cost is proactive.

The conversation delves into the critical distinction between cost and spend, emphasizing the need for a deeper analysis of variances in financial management. It highlights the importance of recognizing inefficiencies as opportunities for improvement, particularly in the context of cloud computing and resource allocation.

Takeaways

• Cost is not the same as a spend.
• There shouldn't be a taboo about inefficiencies.
• Understanding variances can lead to better financial decisions.
• Financial management requires a nuanced understanding of costs.

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In this episode of What's New in Cloud FinOps, hosts SteveO and Frank discuss the latest updates from the TBM conference, then moving on to their usual FinOps news, with many AWS news: new EC2 instances, cost management innovations, and sustainability initiatives in cloud services. They explore the implications of Lambda billing changes, real-time bidding technology, and the evolving landscape of cloud financial management training.

Chapters

00:00 Introduction and Conference Insights
02:07 AWS News Highlights
06:45 New EC2 Instances and Performance Improvements
10:41 Data Management and Optimization Tools
14:07 Storage Innovations and Cost Efficiency
18:34 Capacity Management and Kubernetes Integration
21:57 Pricing Changes and Licensing Optimization
27:39 Emerging Technologies and Cost Savings
28:46 AWS RTB Fabric for Real-Time Advertising
30:50 AWS Service Availability Updates
33:19 Sunsetting AWS Services
34:41 Amazon Q Developer: Cost Management Tool
38:27 Kronos 2: Advanced Forecasting Model
39:20 Upcoming FinOps Sessions at reInvent 2025
41:30 GCP Anomaly Detection Features
43:19 Azure's Environmental Sustainability Features
44:54 AWS Customer Carbon Footprint Tool Update
46:21 New FinOps Training Courses