Amazon Web Services (AWS) plays a crucial role in the cloud computing landscape, offering organizations the ability to replace upfront capital infrastructure expenses with low variable costs that scale with their business. Its global reach and extensive service portfolio make it a key player in digital transformation strategies for companies of all sizes. In the…
Cost anomalies are unexpected or unusual patterns in cloud spending that deviate from normal or predicted usage. In FinOps, identifying and addressing these anomalies is crucial for maintaining efficient cloud cost management. Cost anomalies can significantly impact an organization’s cloud spending, potentially leading to budget overruns and inefficient resource utilization. Types of Cost Anomalies Understanding…
Amortized cost is a financial accounting method that spreads the expense of an asset over its expected useful life. In the context of FinOps and cloud computing, it’s a crucial concept for accurately allocating and understanding costs over time. Unlike other cost allocation methods, such as straight-line depreciation or accelerated depreciation, amortized cost takes into…