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 chapter, we looked at rate optimization using the Enterprise Agreement, MACC, and reservations. The Enterprise Agreement and MACC provide organizations with a better-discounted rate for Azure services. These commitment-based agreements are the first step for FinOps teams to work toward if they are not in place. Even if an organization does have an EA or MACC, when it’s time to renew, finance, procurement, and engineering teams can negotiate better rates by committing to sustained use of Azure services.

We looked at reservations in detail. What to reserve is the biggest question FinOps teams run into and Microsoft provides Azure Advisor, the ACM Power BI app, and APIs to get recommendations based on your usage in the last 7, 30, or 60 days. Once you purchase reservations, you should check the utilization of the reservations and monitor them for any changes that might be needed. You can either return reservations if no longer needed or you can exchange them...