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

The Well-Architected Framework – an introduction

Before going forward, we want to introduce a key framework for optimization, one that is not only focused on cost management and optimization but also optimization in general.

The Well-Architected Framework is a framework that outlines the use of best practices when architecting and operating cloud solutions. It basically consists of the following series of pillars:

  • Cost: This pillar is as straightforward as it seems. The idea is to iteratively optimize the cost of our solutions. Keep in mind that to optimize costs is not to reduce them but to make the most out of our cloud budget. An example of a cost initiative is the shutdown of virtual machines during off-hours.
  • Security: This pillar describes how to make more secure solutions by protecting data, identity, and infrastructure in various ways. An example of a security initiative is enforcing multi-factor authentication and conditional access for administrators...