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6 finops best practices to reduce cloud costs

Some devops teams wait to optimize their applications for cost considerations until reports and invoices show higher-than-expected charges, or when cloud costs scale faster than expected. Others carefully consider the cost to run and scale infrastructure during a project’s design and build phases. Some larger enterprises take it a step further, creating a finops role to guide the process and selection of their cloud architecture.

Centralizing cloud costs from public clouds and data center infrastructure is a key finops concern. The first thing finops does is to create a single-pane view of consumption, which enables cost forecasting. Finops platforms can also centralize operations like shutting down underutilized resources or predicting when to shift off higher-priced reserved cloud instances. Platforms like Apptio, CloudZero, HCMX FinOps Express, and others can help with shift-left cloud cost optimizations. They also provide tools to catalog and select approved cloud-native stacks for new projects.

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