FinOps and cost management

With rapid transition from traditional data centers and collocation towards cloud, it has quickly became apparent that cloud services might be pretty expensive. In fact, if you’d see a bill of a public cloud provider, you’ll often find that everything is metered and everything costs money: cross availability zone traffic and Internet traffic, number of objects or usage of space, number of API requests, Internet IPs, different VM flavors, tiered storage and additional IOPS, storage of VMs that are shut down and the list goes on and on. Sometimes, prices also vary from region to region making it hard to estimate the costs in advance. This has led to the appearance of FinOps in the recent years.

FinOps

Is a cloud financial management discipline and cultural practice. It helps organizations to get the maximum business value based on collaboration of engineering, finance, technology and business teams to make data-driven spending decisions...