Overview
FinOps aims to implement a strategy that can assist businesses in analyzing their costs, monitoring, and performance, allowing the customer to efficiently plan their infrastructure without sacrificing performance and availability. This translates into discovering cost-effective ways to maximize both performance and efficiency.
To achieve this, we will draw upon cloud best practices related to cost optimization, establishing four fundamental principles, which are:
-Cost monitoring and control.
-Understanding billing.
-Maximizing benefits.
-Making informed decisions.
Among the benefits provided by FinOps are:
Cost Savings: Cost management enables us to make informed decisions that enhance cost optimization.
Budget Control: Monitoring and controlling each cost element generated, creating customized budgets through labels or tags, which help us to detect anomalies and address them immediately.
Governance efficiency: Cost management seeks to maximize governance efficiency through automatable policies that generate operational and financial efficiency. Cost Control: Understanding the why, when, and how costs are essential for continuous and proactive cost control.
Enhanced Visibility: Cost management, through customizable reports, budget and cost control provides a better visibility of what's happening in our customer's infrastructure and costs, allowing us to take preventive measures against any anomalies that may arise.
Highlights
- Orión’s FinOps service focuses on optimizing costs associated with AWS Cloud services, helping organizations reduce unnecessary spending and improve resource utilization.
- It provides transparency and visibility into the financial aspects of cloud operations, offering detailed cost reporting and analysis.
- It establishes governance policies and controls to ensure compliance with industry standards, best practices, and regulatory requirements, helping customers manage risks and maintain financial discipline in their cloud environments.
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