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
2
Part 1: Managing Your AWS Inventory
7
Part 2: Optimizing Your AWS Resources
12
Part 3: Operationalizing FinOps

Summary

In this chapter, you discovered the importance of establishing a centralized FinOps function. You looked at the reasons for doing so and the types of personas to include to make up such a function. Then, you learned about a key responsibility for these cross-functional teams, which is to create an effective metrics strategy.

Then, you learned that an effective metrics strategy comes with a solid foundation in metrics governance. You want to be able to trust the metric data that you will be using to drive your FinOps efforts. You looked at the requirements and processes needed to build the right metrics governance strategy.

After that, you learned how to create the right metrics for your business and looked at some examples in the process. These metrics will provide the data you need, which will eventually turn into actionable insights.

Lastly, you used more advanced analytics tools to track and visualize your cost and usage data, as well as your custom metrics. You...