FinOps - Financial Operations

• FinOps and Azure! Understanding what FinOps is and why we care

• Accountability

  • what is the revenue being generated by a resource

• Business growth

  • for every dollar spent
    • do I know I spent it?
    • do I know what the goal was?
      • what is the resource for
    • what was it spent on?
    • what did I get for the spend?

• visibility=>accountability

  • make it easy to see: change in my resources => change in my spend
    • in near real-time
    • this will help drive behavior
  • must be fast - near real-time
  • must be vissible to all
  • foundation
    • what do I want to track by? options:
      • business unit
      • geography
      • prod vs non-prod
    • Azure
      • cost management
      • structure
        • mgmt groups(MG)
          • sub groups(Sub) etc
            • resource groups(RG)
        • these groups could be the bu, geo etc
      • naming the resource
      • tag - meta data
        • used for grouping and filtering
        • could be:
          • BU
          • Cost center
          • project
          • Application
          • owner group
          • env
        • how do I ensure the tags are being used properly
          • azure policy - Policy | Getting started
          • audit
          • enforce
            • if you don't tag then it wont deploy
            • or copy from parent group
  • Understanding the value
    • revenue system
      • money brought in:
        • project
        • application
    • then map that to the resource cost and we can understand the value.
  • Monitoring and tracking
    • it is not necesarily bad to spend more money if I'm generating more revenue.
    • budget and alerting
      • you are spending more than you have budgeted
      • or based on trend you are going to exceed more than you had planned
      • Azure: cost management -> Cost management -> budget
  • Optimization
    • Azure
      • Azure advisor(reduce vaste)
        • cost recomendation
        • asp,ri
        • sizing
        • operations
    • sustainability
    • +AI