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AWS FinOps Simplified

You're reading from   AWS FinOps Simplified Eliminate cloud waste through practical FinOps

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Product type Paperback
Published in Oct 2022
Publisher Packt
ISBN-13 9781803247236
Length 292 pages
Edition 1st Edition
Tools
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Author (1):
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Peter Chung Peter Chung
Author Profile Icon Peter Chung
Peter Chung
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Toc

Table of Contents (18) Chapters Close

Preface 1. Chapter 1: FinOps Foundation 2. Part 1: Managing Your AWS Inventory FREE CHAPTER
3. Chapter 2: Establishing the Right Account Structure 4. Chapter 3: Managing Inventory 5. Chapter 4: Planning and Metrics Tracking 6. Chapter 5: Governing Cost and Usage 7. Part 2: Optimizing Your AWS Resources
8. Chapter 6: Optimizing Compute 9. Chapter 7: Optimizing Storage 10. Chapter 8: Optimizing Networking 11. Chapter 9: Optimizing Cloud-Native Environments 12. Part 3: Operationalizing FinOps
13. Chapter 10: Data-Driven FinOps 14. Chapter 11: Driving FinOps Autonomously 15. Chapter 12: Management Functions 16. Index 17. Other Books You May Enjoy

Creating an effective metrics strategy

In Part 2 of this book, we covered many optimization topics that encompass compute, storage, networking, and more. But the question remains: are we really saving? You won’t be able to validate the answer to this question without quantitative evidence. This is where a metrics strategy can help. A metric strategy not only defines the metrics your organization uses to measure FinOps success, but also defines how to use those metrics, where they come from, and who owns those metrics. In other words, it involves metrics governance as well.

The purpose of a metrics strategy for FinOps is to help your organization answer questions such as the following:

  • How do we know how much we’re saving on our AWS cost and usage?
  • What metrics or KPIs should we use?
  • How can we tell our KPIs are useful?
  • How many KPIs should we track?

Companies often struggle to gauge the impact of FinOps measures on financial statements such...

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