Cloud Economics and FinOps

Published: Jan. 17, 2021, 2:52 a.m.

b'As cloud adoption goes mainstream, the cost and financial impact of running services in the cloud is gaining significance. There is a mindshift change required to think of costs from Capital Expenses ( Capex ) to Operational Expenses ( Opex ) . Architecting solutions keeping the cost as an important lever is mandatory . Using tools like Cost Calculator to better predict cost is recommended. Monitoring the infrastructure to ensure the cost escalation is kept in control by means of alerts , dashboard and monitoring and optimization of resources through automation is becoming more pronounced across organization. We finally discuss on the idea of FinOps - Finance , Operations, Engineering and Senior Management coming together to collaborate and ensure each of them understand the roles and responsibilities . We discuss the main pillars of FinOps - Governance, Engineering, Reporting and Optimization. I hope you find this interesting.'