AWS FinOps Simplified: Eliminate cloud waste through practical FinOps

by Peter Chung

Length: 292 pages
Edition: 1
Language: English
Publisher: Packt Publishing
Publication Date: 2022-10-21
ISBN-10: 1803247231
ISBN-13: 9781803247236
Sales Rank: #416987 (See Top 100 Books)

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Manage, control, and optimize your cloud spend on AWS

Key Features

Learn best practices for implementing a cloud FinOps discipline with AWS
Set up your organization for success by enabling people, process, and organization
Choose the right pricing model strategy to optimize the use of AWS resources

Book Description

Much like how DevOps is a combination of cultural philosophies, practices, and tools that advocate a collaborative working relationship between development and IT operations, FinOps encourages the same collaboration between technology and finance team, making it key relationship to establish and maintain for any thriving business.

This book will help you understand how organizations with a mature FinOps practice can decentralize cost ownership to developer teams and encourage cross-functional collaboration between business, finance, and technology, enabling speed, innovation, and business growth. You’ll focus on structuring your organization to form the right FinOps team, including a Cloud Center of Excellence, and learn how to implement practical cost savings measures with AWS tools to optimize costs in both the short as well as long term.

By the end of this cloud FinOps book, you’ll be ready to implement a successful Cloud FinOps practice for your organization to get the best value from the AWS cloud for your workloads.

What you will learn

Use AWS services to monitor and govern your cost, usage, and spend
Implement automation to streamline cost optimization operations
Design the best architecture that fits your workload and optimizes on data transfer
Optimize costs by maximizing efficiency with elasticity strategies
Implement cost optimization levers to save on compute and storage costs
Bring value to your organization by identifying strategies to create and govern cost metrics

Who this book is for

This book is for enterprise architects, cloud architects, CFOs, CTOs, product managers, finance managers, and FinOps practitioners looking to optimize their use of the cloud. This book guides you through tools, strategies, and frameworks to minimize costs, allowing your business to realize sustainable financial benefits and efficiently use cloud resources.

AWS FinOps Simplified
Contributors
About the author
About the reviewer
Preface
    Who this book is for
    What this book covers
    To get the most out of this book
    Download the color images
    Conventions used
    Get in touch
    Share Your Thoughts
Chapter 1: FinOps Foundation
    Changing with the cloud
    Rethinking procurement
    Defining FinOps
        FinOps principles
        What FinOps is…
        A FinOps approach
    Summary
    Further readings
Part 1: Managing Your AWS Inventory
Chapter 2: Establishing the Right Account Structure
    Technical requirements
    Establishing an operating model
        Fully siloed models
        Separated application development with centralized FinOps
        Decentralized FinOps with autonomous teams
        The optimal model
    Creating a multi-account environment
        Structuring your AWS accounts
        Managing accounts with AWS Organizations
        Managing your AWS accounts with AWS Control Tower
    Understanding billing with AWS Organizations
    Summary
    Further reading
Chapter 3: Managing Inventory
    Technical requirements
    Tracking your AWS resources
        A brief primer on tags
        Tracking inventory with AWS Cost Explorer
        Tracking inventory with AWS CUR
        Tracking Amazon EC2 inventory with EC2 Global View
        Tracking tagged resources with AWS Resource Groups
        Tracking inventory with AWS Config
    Establishing a tagging strategy
    Grouping tags with AWS Cost Categories
    Summary
    Further reading
Chapter 4: Planning and Metrics Tracking
    Technical requirements
    Cost monitoring on AWS
        Cost monitoring with Cost Explorer
        Cost monitoring with AWS analytics services
        Cost reporting with QuickSight
        Cost monitoring with Amazon CloudWatch
    Budgeting on AWS
        AWS budgeting methods
    Setting up AWS Cost Anomaly Detection
        Anomaly detection with CloudWatch
    Summary
    Further reading
Chapter 5: Governing Cost and Usage
    Technical requirements
    A quick primer on IAM
        Access to member accounts in Cost Explorer
    Governance with SCP
    Implementing tagging policies
        Tag governance with AWS Config
    Governance with Service Catalog
    Auditing with CloudTrail
    Summary
    Further reading
Part 2: Optimizing Your AWS Resources
Chapter 6: Optimizing Compute
    Technical requirements
    Leveraging steady state discounts
        How RIs work
        Understanding RI performance
        Modifying RIs
        Exchanging reserved instances
        Improving utilization with SPs
        Knowing when to buy more SPs
    Maximizing savings for flexible workloads
    Right sizing compute
        Optimizing AWS Lambda
    Summary
    Further reading
Chapter 7: Optimizing Storage
    Technical requirements
    Optimizing object storage
        Establishing clean S3 hygiene
        Optimizing with S3 storage classes
        Managing S3 at scale
    Optimizing databases
        RDS-reserved instances
        Optimizing OpenSearch clusters
        Optimizing DynamoDB
    Optimizing block and file storage
        Optimizing EBS
        Optimizing EBS snapshots
        Optimizing EFS
    Summary
    Further reading
Chapter 8: Optimizing Networking
    Technical requirements
    Understanding data transfer scenarios
        Data transfer inside an AWS AZ
        Data transfer inside an AWS Region
        Data transfer across AWS Regions
        Data transfer from AWS to on-premises environments
    Managing data transfer costs
        Optimizing with Amazon CloudFront
    Tips for minimizing data transfer costs
    Summary
    Further reading
Chapter 9: Optimizing Cloud-Native Environments
    Technical requirements
    Maximizing efficiency with AWS Auto Scaling
        What is auto scaling?
        AWS Auto Scaling versus Amazon EC2 Auto Scaling
        When to use AWS Auto Scaling
    Optimizing analytics
        Optimizing data ingestion and preparation
    Optimizing ML
        Understanding an ML workflow
        Optimizing model training and tuning
        Optimizing model deployment
    Summary
    Further reading
Part 3: Operationalizing FinOps
Chapter 10: Data-Driven FinOps
    Establishing a centralized function
        Reasons for a centralized FinOps function
        Personas for a centralized FinOps function
    Creating an effective metrics strategy
        What is metrics strategy governance?
        Applying a metric governance framework
        Metrics strategy persona responsibilities
    Defining the right metrics
        Five considerations for metrics development
        Cloud metric examples
    Leveraging the CUR
        Accessing the CUR in Amazon S3
        Integrating AWS Glue with the CUR
        Querying CUR with Amazon Athena
        Visualizing CUR data with Amazon QuickSight
        Creating metrics with QuickSight
    Summary
    Further reading
Chapter 11: Driving FinOps Autonomously
    Creating a self-service FinOps portal
        Understanding AWS CloudFormation
        Getting to know AWS’ Enterprise Dashboards
        Setting up the dashboards
        Using the Cloud Intelligence Dashboard
    Forecasting spending using ML-driven insights
    Forecasting cost and usage with Amazon Forecast
    Automating cost optimization within operations
    Integrating Trusted Advisor with other AWS services
    Summary
    Further reading
Chapter 12: Management Functions
    Leveraging AWS Solutions
        Instance Scheduler in AWS Solutions
        Cost Optimizer for WorkSpaces in AWS Solutions
    Conducting billing and administrative tasks
        Simplifying billing with AWS Billing Conductor
        Managing your AWS Free Tier usage
        Creating purchase orders with AWS Billing
        Engaging with enterprise discount programs
    Scaling FinOps for your organization
        EventStorming, FinOps style
        Training for FinOps
    Summary
    Further reading
Index
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