The New Stack Makers

In this episode of The New Stack Makers podcast, Uma Daniel, a product manager at UST, discusses the current complexities in the global economy, marked by low unemployment except in the tech industry, high inflation, high interest rates, a volatile stock market, and the looming threat of recession. Amid these challenges, organizations are seeking ways to enhance their operational efficiency.Daniel introduces the concept of FinOps, which goes beyond just managing cloud costs. Instead, it focuses on leveraging the cloud to generate revenue. This represents a cultural shift in many organizations, emphasizing the need for a mindset change across different departments, including business, finance, and procurement.She dispels misconceptions, such as the belief that only certain teams should be involved in the FinOps process. Daniel stresses that it's a collaborative effort involving various teams, and it's best to adopt FinOps at the beginning of a cloud journey. Once an organization is already established in the c