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

Tailoring a FinOps approach for each organization

The path to implement FinOps in each organization is definitely not the same. In some organizations, the focus of these practices should have a technical focus, increasing an organization’s overall knowledge on how to get the most out of cloud resources by educating it on key initiatives such as Reserved Instances, rightsizing, and other relevant cost optimization initiatives.

Conversely, in some scenarios, FinOps practice can shift value to the inform or operate pillar instead of the optimize pillar, allowing you to begin creating some visibility on how costs are distributed and getting a general understanding of cloud maturity before going forward, while defining FinOps processes to be followed to ensure continuous cost optimization.

In this section, we will try to describe, by using some scenarios, how to tailor a FinOps practice based on each organization’s cloud maturity and other relevant factors.

Scenario...