FinOps metrics are quantifiable measurements used to assess and optimize cloud financial management practices within an organization. These metrics are crucial in evaluating the effectiveness of cloud cost optimization strategies and aligning IT spending with business objectives. FinOps metrics enable organizations to make data-driven decisions and improve their cloud financial management processes by providing insights…
What is Cloud FinOps? FinOps: A History and Introduction Amazon Web Services launched in 2006; however, there was no way for users to see a detailed view of which services they were using and how much they were spending. As bills started to grow in terms of money spent and complexity, in 2011 the first…
FOCUS (Financial Optimization and Cloud Usage Strategy) is a framework within FinOps that aims to optimize cloud costs and usage while aligning financial and operational goals. The FOCUS framework is designed to address the challenges associated with cloud cost management, including visibility, accountability, and optimization. By implementing FOCUS principles, organizations can achieve better control over…
GitHub Actions is a powerful automation and continuous integration/continuous deployment (CI/CD) platform integrated into GitHub repositories. In the context of FinOps, GitHub Actions serves as a versatile tool for automating cost optimization tasks, implementing best practices, and streamlining cloud resource management workflows. Launched by GitHub in 2018, GitHub Actions has quickly become an essential component…
Google Cloud Functions is a serverless compute platform provided by Google Cloud that allows developers to run code in response to events without managing the underlying infrastructure. This event-driven, pay-per-use service is an essential component of modern cloud architecture, enabling businesses to build and deploy scalable applications quickly and cost-effectively. How Google Cloud Functions Work…
Google Cloud Platform (GCP) is a suite of cloud computing services offered by Google that play a crucial role in the FinOps landscape. Launched in 2008, GCP has rapidly evolved to become a major player in the cloud computing industry. It provides various services that enable organizations to build, deploy, and scale applications, store and…
HashiCorp is a software company specializing in infrastructure automation and management tools. Founded in 2012, HashiCorp has become a key player in the DevOps and cloud infrastructure space, offering a suite of products that help organizations streamline their infrastructure operations, enhance security, and optimize cloud costs. HashiCorp’s products are designed to address the challenges of…
Hybrid Cloud Cost Management is the practice of optimizing and controlling expenses across public and private cloud environments and on-premises infrastructure. This comprehensive approach is essential for organizations leveraging diverse IT resources to maximize efficiency and minimize costs. Effective cost management in hybrid setups requires a holistic view of resource utilization, data transfer costs, licensing…
IBM Cloud is a comprehensive cloud computing platform that offers a wide range of services and solutions for businesses and developers. As a key player in the FinOps landscape, IBM Cloud provides tools and features that enable organizations to effectively manage and optimize their cloud costs while maintaining performance and compliance. Key features and services…
The IBM Cloud Cost Estimator is a tool designed to help organizations accurately predict and manage their cloud expenses within the IBM Cloud environment. This FinOps resource enables businesses to make informed decisions about resource allocation, budget planning, and cost optimization strategies. The IBM Cloud Cost Estimator plays an important role in cloud cost management….
Infrastructure as Code (IaC) is a practice in cloud computing and DevOps in which infrastructure is managed and provisioned through machine-readable definition files rather than physical hardware configuration or interactive configuration tools. In the context of FinOps, IaC plays a crucial role in automating and optimizing cloud resource management, directly impacting cost efficiency and scalability….
An Integrated Development Environment (IDE) is a comprehensive software application that provides developers with a centralized platform for writing, testing, and debugging code. IDEs are essential tools in modern software development, offering a suite of features designed to enhance productivity and streamline the development process. Definition and Core Concepts An Integrated Development Environment (IDE) is…