Cloud FinOps PDF – Free Download

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About Cloud FinOps: Collaborative, Real-Time Cloud Financial Management pdf download

Cloud FinOps: Collaborative, Real-Time Cloud Financial Management pdf offers a fresh look at what would have otherwise been a jaded topic the author of Cloud FinOps: Collaborative, Real-Time Cloud Financial Management pdf book draws on a vast knowledge bank of insights and experience to execute this work.

Applying traditional spend management processes to the cloud will lead to companies losing control of costs and interrupting innovation. Whether you’re new to managing cloud spend or a seasoned pro, this book will clarify the often misunderstood workings of cloud billing. You’ll learn expert strategies for creating a culture of cloud cost management.

Drawing on real-world examples of successes and failures of large-scale cloud spenders, this book outlines a road map for building a culture of Cloud FinOps in your organization. Beginning with fundamental cloud billing concepts, tech execs, finance teams, DevOps leaders, and FinOps practitioners will learn how to build an efficient and effective FinOps machine.

  • Learn how the cloud works when it comes to financial management
  • Set up a FinOps team and build a framework for making spend efficiency a priority
  • Examine the anatomy of a cloud bill and learn how to manage it
  • Get operational recipes for maximizing cloud efficiency
  • Motivate engineering teams to take cost-saving actions
  • Explore the FinOps lifecycle: inform, optimize, and operate
  • Learn the DNA of a highly functional Cloud FinOps culture


From the Publisher

cloud, finops, finance managementcloud, finops, finance management

From the Preface

Who Should Read This Book

Anyone working in engineering, finance, procurement, product ownership, or leadership in a company running—or aspiring to run—in the public cloud will benefit from this book. As an organization understands the personas in FinOps, it can map them to relevant teams across the business.

Engineers and operations teams are most likely not used to thinking about costs as a day-to-day concern. In the old precloud days, they worried about performance. Constrained by hardware procurement and unable to get more servers whenever they needed them, they had to hoard resources or plan ahead. Capacity planning was done months, if not years, in advance. Now, in the cloud, they can throw company dollars at the problem whenever extra capacity is required. But that adds a new dimension to the work. They also have to think about the cost of their infrastructure choices and its impact on the business.

At first, this feels foreign and at odds with the primary focus of shipping features. Then they quickly realize that cost is just another efficiency metric they can tune to positively impact the business.

Core Principles of FinOps

Teams need to collaborate.

Decisions are driven by the business value of cloud.

Everyone takes ownership of their cloud usage.

FinOps reports should be accessible and timely.

A centralized team drives FinOps.

Take advantage of the variable cost model of the cloud.

Finance teams traditionally focused on retroactive reporting on a monthly or quarterly granularity, based on set budgets that quickly became out of date. The job has evolved now to help enable the business to continually move forward, and to proactively partner with tech and engineering teams to forecast spend, based on the actions of engineers (who aren’t used to thinking about that cost). In other words, they’re shifting from opaque and fixed Capex reporting to transparent and fluid OpEx forecasting. As part of that role, finance teams become partners who understand what the drivers of cloud spend are amid thousands of SKUs. They help to fundamentally reinvent how to perform the finance function, while also rethinking how to report technology spend to executives and investors.

Procurement teams are used to tightly controlled spending, careful rate negotiations, and wielding the power of the purchase order before vendors get paid. Now procurement teams become strategic sourcing. They pull all rogue spending together into an enterprise agreement with their cloud service provider to get the best rates for what engineers are already using.

Tech executives, such as a CIO or CTO, have likely lost control of many spending decisions and now must trust teams to operate within reasonable budgets. Tech executives no longer plan large purchase decisions. Instead, they think more about how to forecast spend that’s currently happening. The conversation has shifted from ensuring services have the capacity to ensuring that they’re spending the right amount of money for the job. Tech executives want more control over how much is spent, and more ability to strategically influence where it is spent.

This book seeks to break down barriers between these personas by laying out a common lexicon and set of best practices to follow.

What You Need to Know Before Reading On

We’re going to share how we can all thrive in the new world of FinOps and, in so doing, help our companies to become more competitive. At the time of writing, we assume readers will have a base level of knowledge of at least one of the three main public cloud providers (Amazon Web Services [AWS], Azure, and Google Cloud Platform [GCP]). Readers should understand how the cloud works and charges for resources. They should also be familiar with the major resource types like compute and storage, and higher level-service offerings like managed databases, queues, and object storage.

A good starting place for the level of AWS knowledge needed is the AWS Business Professional training, or better, the AWS Cloud Practitioner certification. Both cover the basics of operating in AWS. For Google, check out the GCP Fundamentals course. For Azure, try the Azure Fundamentals learning path. These can usually be completed in a single-day workshop or through online training.

Readers should also understand the fundamentals of how cloud computing works; know the key services on their cloud provider, including their common use cases; and have a basic understanding of how billing and pricing work in the pay-as-you-go consumption model.

Publisher‏:‎O’Reilly Media; 1st edition (January 7, 2020)
Language‏:‎English
Paperback‏:‎284 pages
ISBN-10‏:‎1492054623
ISBN-13‏:‎978-1492054627
Item Weight‏:‎1.01 pounds
Dimensions‏:‎7 x 0.6 x 9.19 inches

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