FinOps: Cost Management in the Cloud
What is FinOps?
FinOps, or Cloud Financial Operations, is a set of practices and tools designed to align financial goals with technical decisions. By implementing FinOps, organizations can achieve greater visibility, accountability, and optimization of their cloud spend, ensuring maximum return on investment.
- Strategic Alignment: Al igns financial goals with technical decisions to create synergy between the finance and operations teams.
- Enhanced visibility: Provides in-depth insight into cloud spend, enabling informed decisions and optimization strategies.
Main
of FinOps
- Financial Responsibility: Promotes financial responsibility, boosting efficiency and reducing waste.
- Cost Optimization: Ensures refined control over cloud costs and establishes the foundation for solid financial governance.
- Inform: Gain visibility and allocate resources efficiently.
- Operate: Implement continuous improvement and operation strategies.
- Optimize: Use cloud resources effectively to reduce costs.
- Plan: Draw up a plan, involve initial stakeholders and allocate resources.
- Socialize: Suggest KPIs, present to stakeholders and create a communication plan.
- Prepare: Establish the Steering Committee and align the operating model.
- Promote: Implement tools, create KPI dashboards and document the first benefits.
- Perform: Execute the communications plan, promote accountability and drive savings.
Use Cases
AnSpacePay: High Performance Payments Platform
- Challenge: High cloud costs.
- Solution: You have performed an assessment, redesigned the architecture, and adopted a multi-cloud model.
- Result: Achieved a 76% reduction in cloud costs, allowing the platform to process 5,000 to 17,000 PIX transactions per minute with a 3-second response time.
- Challenge: High cloud consumption and need for architectural improvements.
- Solution: You performed an assessment, redesigned the architecture, and migrated 100% to a new cloud provider.
- Result: Significant cost reduction and improvement in system performance.
Ticket Sports: Ticket Sales Platform
- Challenge: High cloud costs.
- Solution: Performed an assessment, re-architected the solution, and maintained the project on Azure.
- Result: Achieved a nominal 21.05% reduction in cloud costs.
FinOps benefits
Effective identification and elimination of unnecessary costs.
Empowering IT teams to optimize the use of resources.
Effective financial management, with a clear vision for budgets and planning.
Strategically allocating resources for innovation and growth.
