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

Writing a business case for cost optimization

A business case is a justification of why the business needs to make an investment in a cost optimization project or purchase a cost optimization third-party product. You can make a case by listing financial benefits and/or non-financial benefits, such as improved visibility in cloud spending or optimizing cloud operations. The business case highlights the cost and benefits of implementing the project. Sometimes, it also refers to a cost/benefit analysis report.

In this example, we will focus on writing a business case for the cost optimization of an existing big data analytics workload and how it can financially benefit the organization to optimize the current cloud spend over 1-year and 3-year terms.

Business case: Orion business analytics platform cost optimization

Executive summary: The “Orion” business analytics workload currently costs $12 million/year for its infrastructure hosting in the Microsoft Azure cloud...