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 explored the features and capabilities of Cost Explorer. The service allows you to baseline your AWS expenditure, allowing you to set budgets, forecast, and find anomalies. These data points assist you with knowing your spending patterns, which is necessary when planning to reduce waste.

We saw how the CUR provides a comprehensive and granular level of understanding of your entire organization. The CUR has the data you need to cover the who, what, and when related to your AWS spending. We saw how the CUR can be integrated with Athena, Redshift, and QuickSight to help you mine that data for insights.

Finally, we learned how CloudWatch adds another layer of cost visibility, especially when combined with infrastructure and application monitoring.

With greater knowledge of our AWS inventory, we now can proceed to the next step of governing and controlling our usage to keep our costs in line with budgets.