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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

Forecasting spending using ML-driven insights

An integral part of managing costs and spending is planning what your costs will be in the future. Thoughtful planning has the advantage of you getting ahead of yourself and making sure your AWS spending is within budget. We saw a bit of this in Chapter 4, Planning and Metrics Tracking, where we learned about budgeting and cost anomaly detection using AWS Budgets and AWS Cost Explorer, respectively. We’ll expand more into the forecasting side of things in this section.

Forecasting is the process of predicting or estimating your AWS spending based on past and present data. But it can also be based on new organizational initiatives and the workloads they entail to help launch a product or service for your enterprise. If you can plan your costs ahead of time and communicate these estimated but expected charges to the appropriate stakeholders, then you’re less likely to be surprised by a sudden spike in charges and questioned...

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