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

Why FinOps?

FinOps is a cloud cost optimization/cloud financial management methodology, aimed at companies that already work in the cloud or are transitioning to it.

The need for FinOps becomes apparent when companies embark on their cloud journeys or strive for excellence once they are already settled in using it:

  • For newcomers, when the journey to the cloud begins, it becomes apparent that the well-known on-premises rules regarding cost management or capacity management don’t apply anymore. This requires a difficult adaptation as well as training. FinOps can help in this complex process, both optimizing and enabling cloud governance in many ways.
  • If an organization has used the cloud for a few years already, its cloud spend will not be aligned with its initial budget for a number of reasons, such as non-optimized workloads that are migrated through lift-and-shift, constant struggles with inefficiencies, and difficulties in applying a standardized cloud governance...