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

Storage is critical for any cloud-based workload. How and where you store your data will largely depend on the application and on the form of the data itself. AWS provides many storage technologies to support your workload, each with its own cost optimization strategies.

Use Amazon S3 for object storage. Once you have an idea of how you want to organize and partition your data in S3, choose the optimal storage class to lower your storage costs. You don’t have to get it right the first time. You can use lifecycle policies to transition objects from one storage class to another. You can get AWS’ help by using Intelligent-Tiering, which allows AWS to move objects to the optimal storage class for you. The same principles apply to file-based storage with Amazon EFS and UltraWarm storage for Amazon OpenSearch.

Use Amazon EBS for block storage of your Amazon EC2 instances, but also your on-premises servers if needed. Leverage the latest generation EBS volume types...