Book Image

FinOps Handbook for Microsoft Azure

By : Maulik Soni
Book Image

FinOps Handbook for Microsoft Azure

By: Maulik Soni

Overview of this book

To gain a competitive edge in today's unpredictable economic climate, you’ll need to unravel the mystery of saving costs on Microsoft Azure Cloud. This book helps you do just that with proven strategies for building, running, and sustaining repeated cost optimization initiatives across your organization. You’ll learn how to collaborate with finance, procurement, product, and engineering teams to optimize your cloud spend and achieve cost savings that can make a significant impact on your bottom line. The book begins by showing you how to effectively monitor and manage your cloud usage, identify cost-saving opportunities, and implement changes that’ll reduce your overall spend. Whether you're a small start-up or a large enterprise, this book will equip you with the knowledge and skills needed to achieve cost savings and maintain a lean cloud infrastructure. As you advance, you'll find out how to benchmark your current cloud spend and establish a budget for cloud usage. Throughout the chapters, you’ll learn how to negotiate with your cloud provider to optimize your rate, allocate cost for the container, and gain a solid understanding of metric-driven cost optimization. By the end of this FinOps book, you’ll have become proficient in Azure Cloud financial management with the help of real-world examples, use cases, and scenarios.
Table of Contents (19 chapters)
1
Part 1: Inform
6
Part 2: Optimize
11
Part 3: Operate

Summary

In this case study, we examined Peopledrift’s healthcare service transformation from legacy data center processes and practices to modern FinOps practices to achieve its business, financial, and sustainability goals. The organization was a classic case of businesses having to leverage cloud services during the pandemic to respond to the demand and scale of growing business needs. While that helped business goals, the financial impact was massive. Businesses suddenly realized they were spending a significant amount of money on cloud services, and they needed structured practices to control the cost. Establishing a FinOps practice is just the beginning.

What we have learned so far is foundational. We have visibility of our workload, have tagged the resources and allocated budgets, and have pretty good forecasting reports. The next step is to optimize the current expenditure. Let’s look at usage optimization in the next chapter.