As a serverless computing service, AWS Lambda has revolutionized deployment with its pay-as-you-go model. Yet, users often grapple with unexpected costs. This guide underscores the criticality of cost optimization and prepares to unveil quintessential strategies to trim down your Lambda bills without compromising performance.
Did you miss our latest roundtable on AI-driven FinOps? Don’t worry, we got you! In this recap, we’ll review what our FinOps experts discussed and the key takeaways from the roundtable discussion. Not much of a reader? Watch it on demand!
Upcoming specific new AWS regulations will significantly impact how businesses handle their AWS operations. Starting from January 15, 2024, AWS will no longer permit the resale of discounted Reserved Instances (RIs) bought from the Amazon EC2 Reserved Instance Marketplace. This update aligns with AWS’s service terms, particularly Section 5.5, which explicitly prohibits the resale of discounted RIs.
Our solution (Anodot) and CloudZero are popular choices regarding third-party solutions for businesses managing cloud costs, adapting a FinOps approach to make their cloud operations more efficient. That’s why a platform that can effectively support a FinOps model has become necessary for optimizing cloud functionality. Let’s analyze and dive deeper into who offers the best solutions, technology, and support to take your FinOps culture in the cloud to the next level.
Understanding your AWS S3 billing is crucial to effectively manage and reduce your costs. Charges in AWS S3 are primarily based on three factors: the amount of data you store, the number of requests you make, and data transfer fees. Storage costs are calculated per gigabyte (GB) stored, which are tiered depending on the total size of your data. Requests costs are incurred with each put, get, or list operation on your objects, with prices varying based on the type of request.
Effective Google Cloud Platform (GCP) cost management is an essential aspect of cloud administration, ensuring that resources are used optimally without overspending. Utilizing BigQuery for GCP cost analysis offers a comprehensive solution to understand and control your cloud expenses. The integration of GCP billing data into BigQuery allows for real-time analysis and detailed insights into your cloud spend.
Embarking on the journey of understanding your cloud bill can initially seem daunting, but grasping a few essential concepts and familiarizing yourself with common terminology can significantly demystify the process. At its core, cloud billing is the method by which cloud service providers charge for the resources and services that your business consumes.
Kubernetes or K8s is an open-source production-grade container orchestration system for automating, scaling, and managing containerized applications. A container is a lightweight, standalone, executable ready-to-run software package that contains everything needed to run an application. It includes the runtime, code, libraries, systems tools, and default values for any essential settings.
In our first blog post, we introduced the concept of cloud unit economics—a system to measure cost and usage metrics. It helps maximize cloud value for better outcomes per dollar spent. We reviewed what cloud unit economics is, why it’s crucial to FinOps success, and how it enables organizations to unlock the full business value potential of cloud computing.
The cloud’s elasticity—the ability to scale resources up and down in response to changes in demand—as well as variable cost structures offer significant advantages, enabling enterprises to move from rigid capex models to elastic opex models where they pay for what they provision, with engineers in control and focused on innovation, becoming true business accelerators.
