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

Tracking your AWS resources

If you don’t know what you’re paying for, you’ll find it to be quite tough to reduce waste. All jokes aside, we can take a simple yet relatable example of managing your own personal finances.

You would very likely be unsuccessful at managing your own personal finances if you didn’t look at your monthly bill to see where you are spending your money. You may forget that you’ve been paying for a gym membership or a music subscription service that you no longer use, or the pest control service from your previous home. The same discipline of identifying wasteful spending and reducing unnecessary resource use should also apply to your AWS bill.

Fortunately, you don’t have to wait until the end of the month to analyze your bill as you do your finances. You can, and should, track the resources that you are paying for on a regular basis. This is often the first step toward optimization because you must first know what...