January 2023
Intermediate to advanced
456 pages
12h 39m
English
Content preview from Cloud FinOps, 2nd Edition
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Preface
Dear Reader,
J.R. and Mike here, the coauthors of the book you are holding. We began this second edition undertaking in early 2022. When we wrote the first edition of this book in 2019, the world was a different place. COVID had massively accelerated the move to the cloud, shattering all previous estimates of cloud spend growth. After we started writing this edition, a global economic downturn forced organizations—including the major cloud service providers—to elevate the importance of cloud spend efficiency to board-level discussions. Amazon’s CFO has pledged to help customers trim their cloud bills, and Microsoft’s CEO indicated that their top priority is to help their customers do more with less.
The World Turned Upside Down
FinOps as a concept went from an obscure term to a business necessity. At conferences pre-2020 we frequently overheard: “What the heck is FinOps?” By 2023 it is predicted that 80% of organizations using cloud services will establish a dedicated FinOps function. The FinOps Foundation went from a twinkle in our eyes to a global force with nearly 10,000 practitioners of the craft representing every major industry and the majority of the Fortune 500, FTSE 100, and ASX 250. FinOps went from being a fringe term to receiving 10 times the search traffic and analyst mentions that the “cloud financial management” moniker pushed by large clouds like Amazon Web Services did.
The pay-as-you-go model—also known as the variable spend model—allows engineers to ...
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