Financial operations in the cloud

1. FinOps or
“DevSecFinBizOps”
Science behind cost saving in the cloud

2. What is FinOps?
Actions directed to achieve maximum costs reduction for IT operations
Can be a role in organisation with extensive IT operations spends
Can be outsourced to tools or other companies

3. 1. Finding and Eliminating Waste
2. Designing for costs reduction/effectiveness
3. Leveraging cloud services to reduce costs
4. Implementing governance policies and rules
5. Free stuff
FinOps cycle

4. ● Underused or unused resources (EC2, RDS, EBS etc)
● EBS Snapshots/S3 data/backups lifecycles
● Reservations
● Cheaper alternatives
● Costs structure analysis
FinOps cycles: Finding and Eliminating Waste

5. FinOps cycles: Design for cost reduction/effectiveness
● Best tool for a job
● Managed services
● Control over costs and usage
● Think/design/build serverless
● Right size & Right family for instances
● Spot instances - can be tricky

6. FinOps cycles: Leveraging cloud services to reduce costs
● Shut down test/dev envs when you don’t need them
● Resource tagging - for deep understanding who is using what
● Optimize storage choices: RAM vs Discs(EBS) vs Discs(Ephemeral) vs S3 vs
Glacier

7. FinOps cycles: Implementing governance policies and rules
● Track and manage changes: launching of new resources, growth in traffic,
costs alerting etc
● Leverage automation: Stop instances/remove waste, reservations across
accounts, reservations modifications
● Take actions ASAP on alerts to avoid costly surprises
● Be aware about licenses and possible hidden costs

8. FinOps cycles: Free stuff
● AWS Free tier
● AWS Credits https://aws.amazon.com/blogs/publicsector/announcing-aws-
cloud-credits-for-nonprofits-with-techsoup-global/
● Google credits https://cloud.google.com/developers/startups/
● Azure Free Trial: https://azure.microsoft.com/en-us/offers/ms-azr-0044p/
● https://www.quora.com/Where-can-I-find-free-cloud-computing-services
● Other services free stuff: https://github.com/ripienaar/free-for-dev

9. Tools available in AWS for cost operations
● Trusted Advisor
○ Weekly emails with cost optimization tips
○ Support section
● Billing console
○ AWS Cost Explorer
○ AWS Budgets
○ Reports
● CloudWatch

10. Third-party services
● https://www.cloudability.com
● https://www.rightscale.com/
● https://cloudcheckr.com/
● https://www.cloudyn.com/

11. FinOps is a part of DevOps, and one
more step towards aligned autonomy

12. Questions?