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In context to FinOps, resource utilization is about making sure you are getting sufficient business value for the cost. It is necessary to observe a resource’s utilization over time to understand if the performance, availability or other quality metrics are of value for the expense incurred.
For example, there may be times when it is deemed that for performance or availability gains, average utilization may need to decrease and the extra expense incurred is worth the value creation the resource provides. Or the opposite may be true and performance expectations can be lowered to improve cost. For these decisions to be made, resource utilization, efficiency and cost must be looked at together.
The management of resource utilization and efficiency translates into identifying whether there is scope to reduce resource costs while maintaining the required performance and, if there is, making the changes required where it is economically worthwhile to do so.
Measures of success are represented in the context of cloud costs and may include one or more key performance indicators ( KPI ), describe objectives with key results ( OKR ), and declare thresholds defining outliers or acceptable variance from forecasted trends.
at least one measure of success; should be described in a context of cost; this could be an efficiency KPI or an agreed upon threshold or target. for example:
- idle resource costs will not exceed 3% of total monthly cloud spend
- anomaly costs will not exceed $150/month
the information used that contributes to the measure(s) of success listed above; information here may include specific datasources, reports or any relevant input
A list of best practices for cloud architects to design systems to optimize FinOps.
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Reference of cloud cost management platforms, tooling and service providers related to this Capability coming soon.
Reference of courses and training partners related to this Capability coming soon.
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