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The Future of FinOps: Governance by Default

Defining Cloud Ops and FinOps

• Cloud Ops:

  • Cost management
  • Identity management
  • Infrastructure management
  • Developing automation
  • Focused on the delivery, optimization, and performance of infrastructure

• FinOps:

  • Maximizing the business value of the cloud through collaboration
  • Three high-level phases:
    • Inform: Gain visibility into cloud spend and allocate it effectively
    • Optimize: Reduce inefficiencies and waste to optimize cloud spend
    • Operate: Establish continuous improvement processes and policies to mature the FinOps practice

The Need for Cloud Ops and FinOps Collaboration

• Hypothetical scenario: A rushed cloud account provisioning leading to a $50,000 spend spike
• Key takeaways:
  • Combining Cloud Ops and FinOps allows each team to leverage their strengths
  • Proactive governance helps mitigate risks and secure cloud budgets

Governance by Default

• Visibility: Integrating all cloud management tools into a single view
• Guard rails: Proactively defining and automating company policies and compliance
• Access control: Automating least-privilege access for developers and engineers
• Cost control: Automating financial policies and guardrails

Putting Governance by Default into Practice

• Example of a governance by default approach for a sandbox account:
  • Automatically provisioned with least-privilege access
  • Restricted to specific developers and services
  • Enforced tagging and compliance policies
  • Financial policy to limit daily spend

Enabling Governance by Default with Kion

• Kion features to support governance by default:
  • Action plans: Metadata-driven automation of policies
  • Financial enforcement: Automated actions based on cost thresholds
  • Custom variables: Enforcing tagging and compliance policies

Key Takeaways

1. FinOps and Cloud Ops are better when paired together
2. Embracing automation and proactive governance enables greater efficiency and cost savings
3. Organizations that adopt governance by default will go faster, with less risk, and maximize the business value of the cloud