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

Our focus in this chapter was optimizing compute services on AWS. We spent the first section of the chapter diving deep into billing mechanisms that benefit steady-state workloads. RIs and SPs are perfect for covering workloads that require compute resources to be on consistently throughout the year.

We unpacked how billing works for both options and concluded that SPs are preferable to RIs because of their flexibility and lower maintenance requirements. Because both options offer the same discount rates, there is little reason to choose RIs over SPs. Cost Explorer provides reports and recommendations to help you with your RI/SP purchasing strategy.

We also explored Spot as another option for compute services. Spot is ideal for flexible and interruptible workloads because of the deep discount AWS provides. However, we must be mindful of how we architect workloads using Spot due to the interruptible nature of Spot resources. We reviewed mechanisms to keep our workload...