#awscloud #cloudcost #costoptimization In this episode of the Jon Myer podcast, host Jon welcomes Jeff Blume, a Senior Optimization Solutions Architect on the AWS Optics Team, to discuss the topic of estimating cloud costs using Cloud #FinOps. Jeff explains that estimating cloud costs is an important aspect of cloud financial management and outlines a four-step process for cost estimation: describing the technical solution, mapping and identifying the appropriate AWS services, selecting resources, and building a high-level cost estimate. He highlights the differences in estimating net new workloads versus on-prem workloads and emphasizes the need for collaboration between technical teams and finance during the estimation process.
Jeff and Jon also delve into the various tools available for cost estimation on AWS, including the AWS service pages, the AWS pricing calculator, the price list APIs, and notifications for price changes. They discuss the challenges of accurately estimating costs and suggest strategies such as leveraging existing applications and workloads for insights, staying updated with the #finops community for best practices, and starting with simple metrics and reporting to track costs effectively.
The conversation concludes with a mention of an upcoming podcast episode on budgeting and forecasting.
