Managing Costs with FinOps
Building and running a data center in public clouds can be more cost-effective than going the traditional way. However, running a data center in public clouds still costs money. Hence, as ever, you still need ways to control costs. financial operations (FinOps)—is all about cost control.
This chapter focuses on the starting point for managing FinOps in multi-cloud environments: the provisioning of resources and the costs that come with the deployment of resources. We will learn how to keep track of these costs in the public clouds of Azure, AWS, GCP, Alibaba Cloud, and Oracle Cloud Infrastructure (OCI). However, we start with a brief introduction to the principles of FinOps.
In this chapter, we’re going to cover the following topics:
- Understanding the principles of FinOps
- Defining guidelines for provisioning cloud resources
- Defining cost policies for provisioning
- Understanding account hierarchy ...