How To Incorporate FinOps Into The DevOps Lifecycle

FinOps (Financial Operations) is an emerging discipline that helps organizations manage their cloud spending by bringing financial accountability to the cloud.

By incorporating FinOps into the DevOps lifecycle, organizations can ensure that their cloud spending is optimized throughout the entire application development process.

Here are some steps to incorporate FinOps into the DevOps lifecycle:

  1. Define Cloud Cost Management Goals: The first step is to define the goals for cloud cost management. This includes defining key performance indicators (KPIs) for cloud cost management, such as cost per transaction, cost per user, and cost per application. Once you have defined your goals and KPIs, you can use them to track and optimize cloud costs throughout the DevOps lifecycle.
  2. Implement Cost Optimization Tools: There are many tools available to help you optimize your cloud costs. For example, you can use AWS Cost Explorer to analyze your cloud spending and identify areas for optimization. You can also use cloud cost management platforms like Cloudability or CloudHealth to automate cost optimization and track KPIs.
  3. Integrate Cost Management into the CI/CD Pipeline: To ensure that cloud cost management is incorporated throughout the DevOps lifecycle, it's important to integrate it into the continuous integration and delivery (CI/CD) pipeline. This includes implementing automated cost optimization checks and integrating cloud cost management tools into your CI/CD pipeline.
  4. Monitor and Optimize: Finally, it's important to monitor and optimize cloud costs throughout the DevOps lifecycle. This includes regularly reviewing cloud cost KPIs and identifying areas for improvement. By continuously monitoring and optimizing cloud costs, you can ensure that your cloud spending is always optimized for your business needs.

Incorporating FinOps into the DevOps lifecycle can help organizations optimize their cloud spending and ensure that cloud costs are managed throughout the application development process. By defining goals, educating the team, implementing cost optimization tools, integrating cost management into the CI/CD pipeline, and monitoring and optimizing cloud costs, organizations can ensure that they are getting the most value from their cloud investments.

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