Whitepaper 'FinOps and cost management for Kubernetes'
Please consider giving OptScale a Star on GitHub, it is 100% open source. It would increase its visibility to others and expedite product development. Thank you!
Webinar 'FinOps and cloud cost optimization for ML/AI workloads.' Register here →
Ebook 'From FinOps to proven cloud cost management & optimization strategies'
OptScale — FinOps
FinOps overview
Cost optimization:
AWS
MS Azure
Google Cloud
Alibaba Cloud
Kubernetes
OptScale — MLOps
ML/AI Profiling
ML/AI Optimization
Big Data Profiling
OPTSCALE PRICING
Acura — Cloud migration
Overview
Database replatforming
Migration to:
AWS
MS Azure
Google Cloud
Alibaba Cloud
VMWare
OpenStack
KVM
Public Cloud
Migration from:
On-premise
Acura — DR & cloud backup
Overview
Migration to:
AWS
MS Azure
Google Cloud
Alibaba Cloud
VMWare
OpenStack
KVM

The difference between cloud cost management and FinOps

FinOps is a relatively new concept in a cloud computing industry that is actively developing and implementing nowadays to help companies adopt an IT environment in a smart, efficient and transparent way. FinOps is related to a cloud cost optimization approach, but let’s find the difference. 

Cloud cost management solutions are built for a few IT guys who run the analysis, get a 50-page report on what they need to optimize or improve and then, theoretically, they need to implement these reports and reduce a cloud bill. But in reality, the IT people can cover only 20–30% of the report themselves and to proceed with the rest they have to collaborate with resource owners explaining to them what needs to be done and why they should do that. And those resource owners are engineers running their jobs, tests, R&D workloads.

FinOps adoption & free cloud cost optimization. Lifetime

FinOps is aimed to involve engineering team to a cost-saving process

FinOps, at the same time, involves the whole FinOps team in the cost-saving process and this team consists of executive engineering leaders, a financial team and engineers who are the main cost generators as they run automation, launch VMs and forget to clean up. Proper FinOps software should generate targeted recommendations to IT guys to cover ‘low-hanging fruit’ cloud cost optimizations and engineers to track and notify about their resources.

Cloud cost management and FinOps

Cloud cost management:

  • Focused on an IT guy who needs to chase
    R&D teams to tag and rightsize resources,
    remove unused
  • Gives a report to help in a short-term, in a
    few months issues return
  • R&D team is disconnected from the
    cost-saving process and has no
    responsibility

FinOps:

  • Focused on the whole FinOps team
    including engineers who generate the
    majority of costs
  • Builds a cost-saving long-term process by
    engaging and educating the team
  • IT guys are responsible for building best
    practices, engineers – for their own resources and TTLs, OptScale – for educating teams and delivering best practices

Cloud cost management solves immediate problems while FinOps, in addition, builds a process. It doesn’t matter what number you see as a possible saving in your cloud cost management solution if you cannot implement all the recommendations, and it is impossible without a proper process and engaging engineers.

OptScale, a FinOps and cloud cost management platform, is available on cloud marketplaces

AWS-logo
azure
Alibaba Cloud marketplace
Digital-ocean

Find out why focus on FinOps matters in your company’s cloud landscape today and start FinOps adoption with OptScale. Free trial, no credit card needed → https://my.optscale.com/register

Enter your email to be notified about new and relevant content.

Thank you for joining us!

We hope you'll find it usefull

You can unsubscribe from these communications at any time. Privacy Policy

News & Reports

FinOps and MLOps

A full description of OptScale as a FinOps and MLOps open source platform to optimize cloud workload performance and infrastructure cost. Cloud cost optimization, VM rightsizing, PaaS instrumentation, S3 duplicate finder, RI/SP usage, anomaly detection, + AI developer tools for optimal cloud utilization.

FinOps, cloud cost optimization and security

Discover our best practices: 

  • How to release Elastic IPs on Amazon EC2
  • Detect incorrectly stopped MS Azure VMs
  • Reduce your AWS bill by eliminating orphaned and unused disk snapshots
  • And much more deep insights

FinOps and cloud cost optimization for ML/AI workloads

Join our live demo on 27th 
March and discover how OptScale allows running ML/AI or any type of workload with optimal performance and infrastructure cost.