AWS Cloud Enterprise Strategy Blog
Author: Chris Hennesey
Chris Hennesey is an Enterprise Finance Strategist at Amazon Web Services (AWS). As an Enterprise Finance Strategist, he works with enterprise executives around the globe to share financial management experiences and strategies for how the cloud can help them increase speed and agility while devoting more of their resources to their customers. Prior to joining AWS, Chris held multiple senior technology finance roles at Capital One. Chris has a BS in Finance and a Master’s in Business Administration.
Money Matters: Four Methods to Unlock Investment Capacity in IT
Despite projected increases in global IT spending to $5.7 trillion by 2025, companies remain caught in a funding dilemma where 70-80% of budgets maintain existing systems rather than driving innovation. Organizations can break this cycle through zero-based budgeting, innovation capacity reinvestment programs, modern FinOps for cloud optimization, and portfolio rationalization to unlock resources for growth.
Unveiling Blind Spots in FinOps
In the evolving landscape of cloud technology, effectively managing finances is paramount to organizational success. However, while many organizations reap the benefits of cloud services, they often have blind spots that reduce financial visibility and control. This blog post examines four common blind spots that can evade even the most vigilant executives’ radars. Limited Spend […]
Navigating the Cloud: Key Performance Indicators for Success
The worldwide public cloud market is poised for substantial growth in upcoming years, with “end-user spending projected to reach $679 billion in 2024.[1]” . This surge is fueled by enterprises’ ongoing migration of existing workloads, the development of new cloud-native applications, and the emergence of innovative use cases like generative AI. At AWS, our Cloud […]
A conversation on expanding access to cloud skills for finance professionals
By Levon Stepanian, Cloud Financial Management Specialist, and Chris Hennesey, Enterprise Finance Strategist Chief Financial Officers (CFOs) and their finance organizations are no longer just financial record keepers; they are key stakeholders during their organization’s cloud-enabled digital transformation. In the “CFO Series: The Sniff Test?” blog post, Mark Schwartz makes the case that a CFO […]
Funding more transformational capacity – Show me the money!
by Chris Hennesey, Enterprise Strategist, AWS Enterprise Strategy As I meet with more AWS customers, it is clear that many enterprises struggle to have enough capacity to focus on transforming their business. Transformation spending provides a company with necessary resources to embrace new technology and innovation for enhanced capacity. With close to 80% of IT […]
Who Pays? Decomplexifying Technology Charges
Simplicity is a great virtue but it requires hard work to achieve it and education to appreciate it. —Edsger W. Dijkstra By Chris Hennesey and Phil Le-Brun, AWS Enterprise Strategists As a CIO or CFO, have you ever questioned how IT costs are allocated within your business? Ever been overwhelmed with the complexity and lack […]