Optimize cloud usage and cost
Rate optimization, licensing + SaaS management, workload optimization, architecting for the cloud, and cloud sustainability are essential capabilities for optimizing cloud usage and cost. By implementing best practices and maturing in these capabilities, organizations can maximize the value of their cloud investments, control expenses, and ensure efficient resource utilization.
Rate optimization
Objective:
Driving cloud rate efficiency by acquiring and managing a portfolio of commitment discounts (for example, reservations and savings plans) or other rate discounts offered by cloud service providers while meeting the organization's operational and budgetary objectives.
Get started with managing commitment-based discounts:
Workload optimization
Objective:
Analyze and optimize cloud resources to match the specific usage patterns while ensuring that workloads operate efficiently and ensure there is sufficient business value for the cloud costs associated with each type of resource that is consumed.
Get started with resource utilization and efficiency:
Licensing + SaaS
Objective:
Mechanisms for understanding and optimizing the use of software licenses and SaaS investments that directly impact the cost structure of an organization's cloud operations, and can require compliance management, vendor specific information, and collaboration with legal team practices.
Architecting for cloud
Objective:
Designing solutions with cost-awareness to maximize business value and achieving performance, scalability, and operational objectives while supporting effective cost management.
Cloud sustainability
Objective:
Establishing the strategic and tactical direction, metrics, and criteria for incorporating sustainability goals and targets into other FinOps Capabilities and decision making.
Get started with optimizing carbon emissions:
Content attribution for this unit: FinOps Domain: "Optimize Cloud Usage & Cost" by FinOps Foundation.