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...
