Cloud FinOps

Proper planning and forecasting in the cloud requires organization to better understand the cost drivers, allocate spend, and benchmark efficiency. 

In this we focus on identifying key cost-optimization drivers and is an iterative and continuous process that provides a consistent methodology to manage cloud consumption in a most cost-effective manner.

There are three key areas of optimization:

1. Resource optimization
2. Pricing optimization
3. Architecture optimization

Finally, bringing this together, employing proper tools and accelerators is important to effectively manage and track cloud spend. This includes:

1. Deploying Cloud cost-management tools to analyze real-time billing and cost data
2. Developing a reporting dashboard to manage cloud spend and value tracking
3. Implementing automation scripts to set account guardrails and budget alerts