Summarize the financial aspects of engaging a cloud provider

- [Instructor] The next topic we will cover is summarizing and understanding specific financial aspects of engaging a cloud provider. The key to success is based on managing your financial operations, or FinOps. FinOps plays an important role in your cloud deployment strategy and ongoing operations. This will make or break your cloud deployment's success, because money is required to continue operations moving forward. First, focus on how to plan for financial expenditures. How will you pay for cloud services? Because the model of how to pay for services is quite different than what organizations normally have done in the past. You must learn how to structure payment planning. This is how you'll pay for cloud services and how to plan for future CapEx and OpEx budgeting. A budget is how much money is allocated per year for things the company needs to spend for services, purchases, and so much more. You can use it to…