InfoQ Homepage FinOps Content on InfoQ
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AWS Launches Database Savings Plans, Offering up to 35% Cost Reduction and Engine Flexibility
AWS has launched Database Savings Plans, allowing customers to cut database costs by up to 35% with a commitment to consistent usage. This feature enhances flexibility during migrations and expansions across AWS Regions. Positive community feedback highlights its potential impact on cost efficiency and future direction for database commitments.
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Inside Duolingo’s FinOps Journey: Turning Cloud Spend into Engineering Insight
Duolingo's FinOps journey integrates financial awareness into engineering, empowering developers to link costs with performance. By leveraging real-time data, teams prioritize innovations for maximum impact. This collaborative culture shift transformed cost efficiency into a hallmark of engineering quality, paving the way for smarter, more sustainable cloud spending.
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AWS Launches EC2 Capacity Manager for Centralized, Cross-Account Capacity Optimization
Introducing Amazon EC2 Capacity Manager: AWS's new centralized solution for streamlined monitoring and management of EC2 capacity across all accounts and regions. This innovative tool consolidates data into a unified dashboard, enhancing efficiency while reducing operational complexity.
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AWS Budgets Improves Cross-Account Cost Visibility
AWS Budgets has enhanced its Billing View, allowing organizations to manage cross-account cloud costs more securely and efficiently. Users can create custom budgets without management account access, streamlining oversight and aligning financial planning with operational needs.
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When Unchecked Autoscaling Generates a $120K Cloud Spend
In the wake of a staggering $120K bill due to unchecked autoscaling during a DDoS attack, industry experts stress the necessity of robust FinOps strategies. Key recommendations include capping resource limits and utilizing real-time alerts to prevent financial disasters. Balancing cost control with system availability is crucial to safeguard modern cloud environments.
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Figma's $300,000 Daily AWS Bill Highlights Cloud Dependency Risks
Figma's IPO filing reveals a staggering $300,000 daily spend on AWS, totaling $100 million annually, or 12% of its $821 million revenue. The company's deep reliance on AWS exposes it to significant risks, including potential outages and policy changes. This highlights the critical dilemma for tech firms: balancing the benefits of cloud agility with rising costs and vendor lock-in challenges.
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Scaling Financial Operations: Uber’s GenAI-Powered Approach to Invoice Automation
Uber recently described a GenAI-powered invoice processing system that reduced manual effort by 2x, cut handling time by 70%, and delivered 25–30% cost savings. By leveraging GPT-4 and a modular platform called TextSense, Uber improved data accuracy by 90%, enabling globally scalable, efficient, and highly automated financial operations.
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AWS Enhances EC2 Capacity Reservation Management with Split, Move, and Modify Features
AWS enhances Amazon EC2 On-Demand Capacity Reservations with powerful "split, move, and modify" features, enabling granular control over reserved capacity. These updates optimize resource allocation, boost efficiency, and reduce costs, offering flexibility while maintaining stability for critical workloads, surpassing similar offerings from Azure and GCP.
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Kubernetes Cloud Repatriation Saves Millions for Data Platform Provider
Yellowbrick, an SQL data platform provider, has significantly reduced costs by moving workloads from the public cloud to its own private Kubernetes-based infrastructure. It has reported an annual saving of $3.9 million by moving its development and testing environments away from AWS, Azure, and Google Cloud Platform.
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Google Cloud Cost Attribution Solution to Enhance Cloud Cost Visibility
Google Cloud's new Cost Attribution Solution revolutionizes cloud cost management with enhanced metadata and labeling tools. Tailored for both newcomers and veterans, it enables organizations to track expenses by team, project, and service, fostering informed financial decisions. With automated labeling and detailed reports, businesses can optimize resource allocation and cost visibility.
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How the Adidas Platform Team Reduced the Cost of Running Kubernetes Clusters
The multi-pronged approach the adidas team took can be useful for platform engineering teams in many other organizations, as a recent CNCF report stated that Kubernetes has driven cloud spending up for 49% of respondents.
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Ahrefs Joins Others in Suggesting That On-Premises Hosting Can Be More Cost Effective than Cloud
A recent article claims that Ahrefs, an SEO software suite company, was able to prevent $400 million in expenditures over three years by not leveraging cloud resources. Similarly, 37Signals, the makers of Basecamp, has begun a cloud exodus with the stated goal of saving seven million dollars in infrastructure costs over five years.
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State of FinOps 2024: Reducing Waste and Embracing AI
In the 2024 State of FinOps survey, Engineering Enablement has been replaced by a focus on cost and waste reduction. This shows maturity of FinOps as the persona getting the most value from FinOps remains the engineer. The confluence of AI and FinOps observability aims to optimise cloud spend visibility and improve insights into early AI experimentation, as well as sustainability goals.
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AI and FinOps Predicted to Lead Observability Innovation in 2024
In recently published articles, three large observability companies have made predictions for the trends we will see in the observability area in 2024 and beyond. These contributions suggest that the fields of AI Integration, FinOps, OpenTelemetry and Security and Governance will impact observability significantly in the year ahead.
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ScaleOps Automates Rightsizing to Reduce Kubernetes Costs
ScaleOps, a startup working in the cloud resource management sector, has unveiled a fully-automated cloud-native cost saving platform. ScaleOps claims to slash cloud costs by up to 80%, with a fully-automated platform that continuously optimizes and manages cloud-native resources during runtime.