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

Optimizing Compute

Compute generally refers to power used by machines to process data and execute tasks as defined by a software program. Cloud computing delivers this compute power over the internet to consumers on demand. And while pay-as-you-go is the de facto means of paying for these resources, AWS provides other means to pay that can help lower costs. You can also configure these compute resources to perform optimally, which helps lower costs.

We now focus on the mechanisms and levers you can pull to reduce waste in the compute domain on AWS. We will look at AWS’ different pricing models and how you should be thinking about your workload to take advantage of them. We also explore ways to size your compute resources appropriately to minimize the waste associated with overprovisioned resources.

In this chapter, we’re going to cover the following main topics:

  • Leveraging steady state discounts
  • Maximizing savings for flexible workloads
  • Right sizing...