Capacity planning in FinOps is the process of determining and optimizing the resources needed to meet current and future demand for cloud services while maintaining cost efficiency. This strategic approach is crucial for organizations seeking to balance performance requirements with financial goals in their cloud environments. Key Components of Capacity Planning Successful capacity planning in…
Spot Instances are a cost-effective cloud computing resource offering that allows users to leverage unused capacity in cloud provider data centers at significantly reduced prices. These instances provide substantial savings compared to traditional On-Demand instances, making them an essential tool for organizations looking to optimize their cloud spending and implement effective FinOps strategies. The concept…
Reserved Instances were introduced by Amazon Web Services (AWS) in 2009 as a way for customers to reduce their cloud computing costs by committing to a specific amount of compute capacity for a predetermined period. Since then, other major cloud providers, such as Microsoft Azure and Google Cloud Platform, have adopted similar models. The primary…