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FinOps

Who is responsible for your cloud cost optimization in your organization or startup? You or AWS? It is not a responsibility of AWS to teach you on the ways to use your cloud cost wisely. Yes, to some extent, AWS Trusted Advisor helps you with recommendations and warnings. Still, you are responsible for implementing those recommendations. 
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In this post, I describe each of the cost datasets available with AWS Billing and Cost Management and provide a set of best practices to help you decide which cost dataset is right for you.
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Cloud computing remains one of the fastest-growing segments of IT spending in every sector. For CIO’s it is a huge responsibility to allocate cloud budgets wisely, since higher the spending, greater is the impact if things go haywire.
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Tagging cloud resources for segmentation lays the foundation for showback and chargeback as well as for automations around cloud governance and waste elimination. Cloud invoices typically only support very basic groupings of costs, such as by account, project or subscription.
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Cloud cost optimization is not just an operational concern or merely about “cost reduction”; it’s a value-driven strategic move. The path toward it will not be linear and requires tight collaboration among governance, architecture, operations, product management, finance, and application development to be successful.
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