AWS SCP

AWS Service Control Policies (SCPs) are a component of AWS Organizations that enable centralized control over permissions and resource usage across multiple AWS accounts. In the context of FinOps, SCPs play a vital role in managing costs and enforcing financial governance within cloud environments. Key Features and Functionality Policy Structure and Syntax SCPs use JSON…

Azure Bicep

Azure Bicep is a domain-specific language (DSL) developed by Microsoft for deploying and managing Azure resources. It is a more efficient and user-friendly alternative to Azure Resource Manager (ARM) templates, providing a declarative syntax for Infrastructure as Code (IaC) in the Azure ecosystem. The primary purpose of Azure Bicep is to enable developers and IT…

Atlantis

Atlantis is a tool in the FinOps ecosystem, designed to streamline infrastructure management and cost optimization in cloud-native environments. It serves as a bridge between infrastructure-as-code practices and financial governance, enabling organizations to automate Terraform workflows, manage pull requests, and estimate costs associated with infrastructure changes. As businesses increasingly adopt cloud technologies, Atlantis plays a…

Cost Allocation

Cost allocation in the context of FinOps refers to the process of distributing cloud expenses across different departments, projects, or cost centers within an organization. It plays a crucial role in cloud financial management by enabling businesses to accurately track, analyze, and optimize their cloud spending. By implementing effective cost allocation strategies, organizations can gain…

Shared Responsibility Model

The Shared Responsibility Model is a framework in cloud computing that delineates the security and operational responsibilities between cloud service providers and their customers. This model is crucial for effective cloud cost management and FinOps practices, ensuring clear accountability and efficient resource utilization. In the context of cloud computing, the Shared Responsibility Model outlines which…

Open Policy Agent (OPA)

Open Policy Agent (OPA) is an open-source, general-purpose policy engine that enables unified, context-aware policy enforcement across the entire stack. Developed by Styra in 2016, OPA has gained significant traction in the cloud-native ecosystem. In the context of FinOps and cloud cost management, OPA plays a crucial role in enforcing cost policies, automating compliance checks,…

Crossplane

Crossplane is an open-source cloud-native control plane that enables organizations to manage and provision infrastructure across multiple cloud providers using Kubernetes-native APIs. It allows teams to define, deploy, and manage infrastructure using declarative configurations, similar to how they manage applications in Kubernetes. This approach simplifies cloud resource management and promotes consistency across different environments. In…

Integrated Development Environment (IDE)

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…

Shift Left

Shift Left is a strategic approach in FinOps that emphasizes the early integration of cost management practices into the cloud development lifecycle. This concept, originating from the software development and testing field, has been adapted to address the growing need for proactive cloud cost optimization. In FinOps, Shift Left involves moving financial considerations and cost…

AWS Cost Explorer

AWS Cost Explorer is a service provided by Amazon Web Services (AWS) that enables organizations to visualize, understand, and manage their cloud spending. It serves as a crucial component in FinOps practices, offering detailed insights into AWS costs and usage patterns. As businesses increasingly rely on cloud services, AWS Cost Explorer plays an important role…

Anomaly Detection

Anomaly detection in FinOps is the process of identifying unusual patterns or behaviors in cloud cost data that deviate significantly from the norm. It plays a crucial role in cloud cost management by helping organizations spot unexpected spending spikes, unused resources, and potential cost-saving opportunities. By leveraging anomaly detection techniques, FinOps teams can proactively address…

CloudFormation

CloudFormation is an Infrastructure as Code (IaC) service provided by Amazon Web Services (AWS) that enables organizations to define and manage their cloud resources programmatically.  In the context of FinOps, CloudFormation plays a crucial role in automating resource provisioning, enhancing cost visibility, and promoting efficient cloud resource management. By enabling teams to define their infrastructure…