From the course: FinOps Essentials for Cloud Deployments

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Introduction to FinOps technology

Introduction to FinOps technology

From the course: FinOps Essentials for Cloud Deployments

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Introduction to FinOps technology

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- [Presenter] FinOps technology is really any technology that assists in monitoring, controlling, and optimizing cloud computing costs. Thus, it's really any cloud tool that's able to consider costs as well as usage. A few types of tools that you'll see include: cloud cost governance are tools that are able to limit cloud spending through the use of predefined policies. Cloud cost monitoring are tools that monitor cloud spending including the terms of each cloud provider and how the cloud provider bills for the resource, such as time versus capacity. Cloud cost auditing, or the ability to look at existing and historical spending to determine efficiency and compliance. Cloud resource optimization, or the ability to monitor and run cloud resources more efficiently to spend less money and return more value to the business. Cloud cost planning are the ability to use historical cloud spending data to plan cloud spending moving…

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