Book Image

Efficient Cloud FinOps

By : Alfonso San Miguel Sánchez, Danny Obando García
Book Image

Efficient Cloud FinOps

By: Alfonso San Miguel Sánchez, Danny Obando García

Overview of this book

In response to the escalating challenges of cloud adoption, where balancing costs and maximizing cloud values is paramount, FinOps practices have emerged as the cornerstone of fi nancial optimization. This book serves as your comprehensive guide to understanding how FinOps is implemented in organizations worldwide through team collaboration and proper cloud governance. Presenting FinOps from a practical point of view, covering the three phases—inform, optimize, and operate—this book demonstrates an end-to-end methodology for optimizing costs and performing financial management in the cloud. You’ll learn how to design KPIs and dashboards for judicious cost allocation, covering key features of cloud services such as reserved instances, rightsizing, scaling, and automation for cost optimization. This book further simplifi es architectural concepts and best practices, enabling you to design superior and more optimized solutions. Finally, you’ll discover potential synergies and future challenges, from the integration of artifi cial intelligence to cloud sustainability considerations, to prepare for the future of cloud FinOps. By the end of this book, you’ll have built the expertise to seamlessly implement FinOps practices across major public clouds, armed with insights and ideas to propel your organization toward business growth.
Table of Contents (21 chapters)
Free Chapter
1
Part 1:Get Started with FinOps
4
Part 2:Inform – How to Increase Cost Visibility
8
Part 3:Optimize – How to Get the Most out of Cloud Resources
13
Part 4:Operate – How to Set Up a Governance Model around Cloud Costs
16
Part 5:Hands-On Cost Optimization with Real-Life Use Cases and More

Designing and Implementing FinOps KPIs

The need to keep track of our business objectives is not exclusive to FinOps practices. All companies need a way to quantify or measure their results and achievements in line with their previously established targets. One of the best ways to do this is to use Key Performance Indicators (KPIs), which help us obtain key insights for our business.

In this chapter, we will introduce what a KPI is, and how KPIs can be used to fuel and give more visibility to our FinOps practices. KPIs are the key to discerning whether we are on the right track with our FinOps practices, providing us with quantifiable means to measure progress and success, which is essential to FinOps sponsors, management, and key stakeholders to keep the practice alive (as well as its budget).

In addition to this, we will describe a methodology to design new KPIs from ground zero that will help you create your own indicators that will add value to multiple areas of your FinOps...