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

Automating cost optimization within operations

AWS Trusted Advisor is a management tool that provides visibility into your AWS accounts to see how well they are adhering to best practices across five categories – cost optimization, performance, security, fault tolerance, and service limits. We will stay within the bounds of cost optimization since that is the focus of our discussion.

Important note

Trusted Advisor requires you to engage in Business- or Enterprise-level support, the latter of which can cost you $15,000 (USD) per month. However, for some organizations, the benefits of having elevated support and response times may outweigh these financial costs. Be sure to gauge what the right level of support is for your organization.

Trusted Advisor provides recommendations for ways to help reduce costs for your AWS accounts. These can be recommendations to delete unused and idle resources or to use reserved capacity. The following screenshot shows the Cost optimization...