FinOps: Optimize Now. Don‘t Waste Business Money & Resources
If you don't practice FinOps you should start considering moving out to Cloud. Apply it now to save money and resources for your company and the environment.
Welcome to this week's edition of the FinOps Weekly — The most relevant news, articles, and videos about FinOps to digest in less than 5 minutes.
Business
Are Rainy Days Ahead for Cloud?
Cloud is facing potential challenges as companies reconsider their tech strategies:
Cost Savings: 37signals cut costs by $2.4 million annually.
Control and Security: Companies want more control over their data.
Performance Issues: Some experience performance problems with public cloud services.
Growing Trend: Cloud repatriation is becoming more common. 94% of large US organizations considered it recently.
Not for Everyone: The cloud is still essential for many businesses. For instance, Expedia relies on the cloud for its global presence.
Reconsidering cloud usage can lead to significant advantages. It's key to weigh the pros and cons for your specific needs and improve your efficiency by improving cloud processes or using private services.
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Azure
Microsoft Brings AI to FinOps
Microsoft Azure brought Copilot now to the Azure Cost & Budget Management:
Forecasting Insights:
Analyzes past trends to predict future costs.
Aids in understanding budget impacts.
Influences future budget decisions.
Improved Export Features:
Simplifies data exports with a new interface and FOCUS support.
Handles large datasets efficiently.
Allows re-running exports for historical data.
Microsoft Fabric:
Unifies data movement, analytics, and BI tools.
Easier natural language data processing.
Azure Advisor:
Uses AI to optimize resource usage.
Offers practical recommendations to save costs.
Employ these tools and best practices to optimize your cloud budget and forecast effectively in Azure.
Articles
Cloud Elasticity Explained
Elasticity is crucial for managing cloud costs efficiently.
It means paying only for what you use. Think of it like an electricity bill. Reducing rent requires moving effort, unlike turning off lights.
Elastic Vs. Inelastic: Elastic spending changes with workload. Inelastic spending relies on the time used.
AWS Products Elasticity Insights:
Serverless products are mostly elastic; non-serverless are usually inelastic.
AWS S3 has mixed elastic and inelastic features.
AWS DynamoDB has both elastic and inelastic pricing components. This insight helps teams find cost-saving opportunities.
Better Projections: Understanding elasticity improves budget predictions and efficiency. It helps in planning cloud resource usage effectively.
Tips
5 Tips for Implementing a Strong FinOps Program
FinOps helps control costs without compromising performance. Here are 5 tips for a strong FinOps program:
Bridge the Gap
Connect budget and cost drivers—train stakeholders in cloud costs.
Drive Behavioral Change
Reporting must drive change. Set goals and act on them.
Build a Culture
Foster cost awareness. Ensure everyone feels accountable.
Shift Left
Apply cost consciousness early. Act promptly on issues.
Collaborate and Communicate
Use technology and expert insights. Hold regular, action-oriented meetings.
Mention of Honour Special
Deserved for recent discoveries that are inspiring for the FinOps community.
🎖️ Mention of Honour
Using Greenops to Improve Your Operational Efficiency and Save the Planet
A greener IT infrastructure not only saves money but also helps the planet.
IT is responsible for 1.4% of carbon emissions. Reducing energy usage in data centers is crucial.
Kube-Green: Kubernetes add-on helps cut unnecessary resource use. Automatically shut down inactive pods to save energy.
Carbon Impact: Tracking and minimizing CO2 emissions from software is essential. Using tools like OpenCost helps monitor carbon costs.
Streamlining Resources: Use weekdays-only schedules for development and staging environments. Savings include 38% fewer emissions and lower cloud costs.
Kube-green will support more Kubernetes resources soon. This will enhance green strategies and infrastructure efficiency.
Bonus
🏆️ Quick Wins
For those seeking more content, this section will provide additional resources.
AWS Webinar on Network optimization for cost and resiliency with CUDOS dashboard and CFM TIPs
Azure Webinar: Empowering cloud efficiency through FinOps feat J.R. Storment
AWS Engineers explained the new FOCUS Dashboard on YouTube.
New FinOps Nexus Podcast ft. Alex Head on Building FinOps Knowledge Bases.
That’s all for this week. See you next Sunday!
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