From the course: FinOps Essentials for Cloud Deployments

Unlock the full course today

Join today to access over 24,900 courses taught by industry experts.

Putting your cloud cost data to use

Putting your cloud cost data to use

From the course: FinOps Essentials for Cloud Deployments

Start my 1-month free trial Buy for my team

Putting your cloud cost data to use

“

- [Instructor] So now that we're gathering cost and spending data, including usage tracking, what do we do with that data? There are several ways that cloud usage and cloud spending data can be leveraged. Here are the most common that you'll leverage for cloud FinOps: budgetary compliance such as tracking costs and alerting users and systems when spending is trending above allocated cloud spending budgets, also enforcing spending limits around budgetary thresholds, business value analytics such as understanding how cloud spending is related to business values such as agility and innovation that are returning value to the business or even more tactical values such as increasing sales by providing customer service through the use of cloud services, forecasting, as previously covered, or leveraging the current and past data to build models that forecast cloud spending and value returned into the future, planning, which may…

Contents