Ted Schmidt has led highly successful enterprise technology transformations and is passionate about delivering cloud-based solutions to solve complex business and industry challenges. He has held leadership positions in Product Management, IT Operations, and built the Global Cloud Center of Excellence and FinOps practice for a major international manufacturer. In his current role, he has advised enterprises in the financial services and manufacturing verticals on building and maturing viable FinOps practices. Ted holds a BA in Management from Eckerd College and a master’s degree in business management from University of South Florida. Ted also holds multiple certifications in AWS, Azure, Organizational Change, Agile Methodologies, FinOps and Project & Program Management. Ted has extensive experience collaborating with business and IT executives globally, creating strategies and roadmaps to deliver both commercial and enterprise solutions.
Speaking: May 10
Journey to FinOps: The Critical First 90-days
Cost is not the benefit of moving to the cloud; agility is. Moving from a CAPEX model for IT spend to an OPEX model presents a myriad of challenges for every enterprise considering such a move. And most of those challenges are not technical, but organizational and cultural. Any enterprise wishing to leverage the true power of the public cloud will have to rethink its approach to balancing the speed, cost and quality of its technology solutions.
The FinOps Foundation describes Cloud Financial Operations, or FinOps, as the practice of bringing financial accountability to the variable spend model of cloud, thereby enabling distributed teams to make business trade-offs between speed, cost, and quality. In short, FinOps is about making the cloud a cost-effective solution for your enterprise. Successfully implementing a mature FinOps practice in your enterprise requires a well-considered approach.
In this talk, led by Ted Schmidt, Enterprise Cloud Solutions Principal and Guy Merritt, Vice President, Solutions & Consulting for SoftServe Inc., we will discuss the practical side of FinOps, including:
1. What is FinOps
2. Who Needs It and Why
3. The First 90 Days of FinOps
a. Evolving from CAPEX to OPEX thinking
b. Assembling the FinOps Team
c. Communicating Expectations
d. Why Automation is Key
e. Maturing a Cloud-Savvy Enterprise
4. A FinOps Roadmap
5. Case Studies