Book Image

AWS FinOps Simplified

By : Peter Chung
Book Image

AWS FinOps Simplified

By: Peter Chung

Overview of this book

Much like how DevOps is a combination of cultural philosophies, practices, and tools that advocate a collaborative working relationship between development and IT operations, FinOps encourages the same collaboration between technology and finance team, making it key relationship to establish and maintain for any thriving business. This book will help you understand how organizations with a mature FinOps practice can decentralize cost ownership to developer teams and encourage cross-functional collaboration between business, finance, and technology, enabling speed, innovation, and business growth. You’ll focus on structuring your organization to form the right FinOps team, including a Cloud Center of Excellence, and learn how to implement practical cost savings measures with AWS tools to optimize costs in both the short as well as long term. By the end of this cloud FinOps book, you’ll be ready to implement a successful Cloud FinOps practice for your organization to get the best value from the AWS cloud for your workloads.
Table of Contents (18 chapters)
Free Chapter
Part 1: Managing Your AWS Inventory
Part 2: Optimizing Your AWS Resources
Part 3: Operationalizing FinOps

FinOps Foundation

Before we embark on a FinOps journey, we must level-set expectations and definitions for us to stay on the right path. We’ll begin by justifying the need for FinOps. Operating in the cloud warrants a mind shift from traditional IT procurement practices. For organizations to truly benefit from what the cloud offers, they must align their line of thinking with the variable nature of paying for cloud resources.

We will define what FinOps is and its principles. We’ll use these definitions as set boundaries as we dive deeper into the execution and implications of FinOps on AWS.

In this chapter, we’re going to cover the following main topics:

  • Changing with the cloud
  • Rethinking procurement
  • Defining FinOps