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

FinOps summary and future challenges – how to keep up

Throughout this book, using a practical approach and all three major clouds (Azure, GCP, and AWS), we have covered everything that we believe is needed to build a strong FinOps practice from scratch.

First, we explained what FinOps is and why it is important for organizations, as it seeks to solve some challenges that are inherent to cloud adoption, especially around cloud financial management and making the most out of the resources we have.

We also explained how FinOps can fit and synergize with multiple methodologies that are used widely in organizations across the world, such as Well Architected Framework, Infrastructure-as-Code, and Agile project management.

Inform (Chapters 3, 4, and 5)

After these introductory chapters, we have delved into the first pillar of FinOps, which is the Inform pillar. In this domain, we have gotten to understand why naming conventions and tagging strategies are important for FinOps...