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, we learned how to make the most out of AWS CUR by extracting insights using AWS analytics tools. We also learned about the enterprise-scale dashboards you can use as frameworks to provide cost and usage visibility for your business. You can partner analytics services such as Athena and QuickSight with CloudFormation as an IaC tool to create self-service deployments for teams to understand their costs.

We also learned about using the predictive capabilities of AWS Cost Explorer and Amazon Forecast to plan ahead. Although these estimates are subject to some prediction error, having some foresight usually bodes well compared to not knowing what the future entails at all. Planning helps to build trust within the organization and helps you prepare for unexpected cost and usage spikes.

Lastly, we saw how you can integrate Trusted Advisor with Systems Manager to operationalize your optimization efforts for your entire enterprise. This will help your central...