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AWS FinOps - Creating Cloud Business KPIs (Unit Economics)

Cloud unit economics helps you measure the success of your business using key performance indicators (KPIs). This course is part of the Amazon Web Services (AWS) Financial Operations (FinOps) series. You will learn about cloud business KPIs and why they are important for your organization. Then, you will learn how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

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What's inside

Syllabus

AWS FinOps - Creating Cloud Business KPIs (Unit Economics)

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Targets an audience with backgrounds in cloud computing, business, and finance

May necessitate supplementary knowledge in software development and engineering

Introduces industry-standard tools and methodologies for measuring cloud business performance

Part of a broader series on financial operations (FinOps) within AWS, offering a structured learning path

Taught by instructors with expertise in cloud business operations, providing practical insights

Emphasizes the importance of cloud unit economics for business success and decision-making

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in AWS FinOps - Creating Cloud Business KPIs (Unit Economics) with these activities:

Organize Course Materials

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Enhance your learning experience by organizing and reviewing course materials regularly

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Create a system for organizing notes, assignments, and other materials
Review your materials regularly to reinforce your understanding

Review Cloud Computing Concepts

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Strengthen your foundational knowledge of cloud computing concepts to better grasp unit economics

Browse courses on Cloud Computing

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Review key concepts such as virtualization, elasticity, and scalability
Familiarize yourself with different cloud service models (IaaS, PaaS, SaaS)

Practice unit economics calculations

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Refreshing your knowledge of unit economics calculations will help you better understand the course materials and apply them to your own business.

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Find a unit economics calculator online or in a textbook.
Input your own business data into the calculator.
Calculate your unit economics metrics, such as customer lifetime value (CLTV) and customer acquisition cost (CAC).
Analyze your results to identify areas where you can improve your profitability.

Ten other activities

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Practice Creating Unit Economics Calculations

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Develop stronger understanding of unit economics calculations with tutorials

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Find and follow tutorials on cloud unit economics calculations
Practice applying the calculations to real-world scenarios

Follow a tutorial on cloud unit economics

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Following a tutorial on cloud unit economics will help you learn the basics of this topic and how to apply it to your own business.

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Find a tutorial on cloud unit economics that is appropriate for your skill level.
Follow the steps in the tutorial to learn about the concepts of unit economics.
Apply what you learn from the tutorial to your own business.

Attend a Cloud Unit Economics Workshop

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Gain in-depth knowledge and practical skills by attending a specialized workshop

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Research and find a reputable workshop
Register and attend the workshop
Actively participate and ask questions

Discuss cloud unit economics with other students

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Discussing cloud unit economics with other students will help you learn from their experiences and perspectives.

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Find a study group or online forum where you can connect with other students.
Share your experiences and knowledge about cloud unit economics.
Learn from the experiences and perspectives of other students.

Calculate Cloud Unit Metrics

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Enhance your proficiency in calculating cloud unit metrics through repetitive exercises

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Review the Q Tool documentation
Gather data on your cloud usage
Use the Q Tool to calculate your cloud unit metrics

Attend a workshop on cloud unit economics

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Attending a workshop on cloud unit economics will help you learn from experts in the field and network with other professionals.

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Find a workshop on cloud unit economics that is appropriate for your skill level.
Register for the workshop.
Attend the workshop and learn from the experts.
Network with other professionals in the field.

Develop a cloud unit economics model for your business

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Developing a cloud unit economics model for your business will help you better understand your business's financial performance and make better decisions about how to allocate your resources.

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Identify the key metrics that you want to track.
Collect data on these metrics.
Develop a model that calculates your unit economics metrics.
Use your model to analyze your business's financial performance.
Use your model to make better decisions about how to allocate your resources.

Develop a Cloud Unit Economics Plan

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Reinforce your understanding by creating a comprehensive plan that utilizes cloud unit economics

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Define your business goals and objectives
Estimate your cloud costs
Create a plan for optimizing your cloud usage
Develop a dashboard to track your progress

Participate in a hackathon or competition on cloud unit economics

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Participating in a hackathon or competition on cloud unit economics will help you test your skills and knowledge, and win prizes!

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Win prizes!
Submit your solution.
Find a hackathon or competition on cloud unit economics that is appropriate for your skill level.
Register for the hackathon or competition.
Develop a solution to the challenge.

Contribute to an open-source project on cloud unit economics

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Contributing to an open-source project on cloud unit economics will help you learn from others, contribute to the community, and build your skills.

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Find an open-source project on cloud unit economics that you are interested in.
Read the project's documentation and contribute in a meaningful way.
Submit your contributions to the project.
Learn from others and contribute to the community.

Career center

Learners who complete AWS FinOps - Creating Cloud Business KPIs (Unit Economics) will develop knowledge and skills that may be useful to these careers:

Cloud Financial Analyst

Cloud Financial Analysts create and maintain financial models to help organizations understand the cost and benefits of cloud computing. They may also develop and implement strategies to optimize cloud spending. This course provides a foundation in cloud unit economics, which is essential for understanding the financial implications of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Cloud Financial Analyst

Cloud Architect

Cloud Architects design, build, and manage cloud computing solutions. They may also work with customers to develop cloud strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Cloud Architect

DevOps Engineer

DevOps Engineers work to bridge the gap between development and operations teams. They may also be responsible for managing cloud infrastructure and services. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for DevOps Engineer

Data Analyst

Data Analysts collect, clean, and analyze data to identify trends and patterns. They may also work with businesses to develop data-driven strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Data Analyst

Business Analyst

Business Analysts work with businesses to identify and solve problems. They may also develop and implement business strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Business Analyst

Project Manager

Project Managers plan, execute, and close projects. They may also work with teams to develop and implement project plans. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Project Manager

Software Engineer

Software Engineers design, build, and test software applications. They may also work with teams to develop and implement software solutions. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Software Engineer

Systems Engineer

Systems Engineers design, build, and maintain computer systems. They may also work with teams to develop and implement systems solutions. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Systems Engineer

Database Administrator

Database Administrators manage and maintain databases. They may also work with teams to develop and implement database solutions. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Database Administrator

IT Manager

IT Managers oversee the planning, implementation, and maintenance of IT systems. They may also work with teams to develop and implement IT strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for IT Manager

IT Consultant

IT Consultants provide advice and guidance to businesses on the use of IT. They may also work with businesses to develop and implement IT solutions. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for IT Consultant

Cloud Engineer

Cloud Engineers design, build, and manage cloud computing solutions. They may also work with teams to develop and implement cloud strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Cloud Engineer

Data Scientist

Data Scientists collect, clean, and analyze data to identify trends and patterns. They may also work with businesses to develop data-driven strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Data Scientist

Financial Analyst

Financial Analysts analyze financial data to make recommendations on investments. They may also work with businesses to develop financial strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Financial Analyst

Management Consultant

Management Consultants help businesses to improve their performance. They may also work with businesses to develop and implement strategies. This course provides a foundation in cloud unit economics, which is essential for understanding the cost and benefits of cloud computing. It also covers how to calculate unit metrics for your business using the cloud unit economics, or Q Tool.

See salaries and explore the career path for Management Consultant

Reading list

We've selected 15 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in AWS FinOps - Creating Cloud Business KPIs (Unit Economics).

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