Transformation to managed FinOps in multi-cloud

In terms of maturity, we have reached the level of understanding financial management in cloud and how we can set up cost aware design process. But our challenge is multi-cloud. We will likely have to deal with more than one cloud platform, what makes cloud financial management even more complicated. Still, we can use the FinOps principles to get to managed multi-cloud financial operations.

The FinOps Foundation provides a comprehensive model for managed operations, using three stages: inform, optimize, and operate. We will recognize this from the model that we showed in Figure 11.2.

This is a continuous cycle and part of the entire cloud operations. In multi-cloud this implies that this cycle must be fulfilled for every cloud platform that we are utilizing. In multi-cloud we need a single pane of glass, covering all the platforms in our landscape.

First, let’s explore the three phases in the cycle:

• Inform: this phase is about visibility...