Cloud Cost optimization often gets little attention from Google Cloud users. To help businesses not lose track of their cloud spending, our cloud architects implement effective strategies built on the principles of FinOps to manage, optimize, and reduce cloud costs.
Principles of FinOps
Cloud FinOps is a comprehensive approach that fosters financial responsibility and collaboration among teams to optimize cloud spending and maximize value.
Encourage financial accountability
Foster a culture of cost-consciousness by educating users and ensuring cost visibility across the organization
Enhance cost visibility
Establish a unified cost calculation method and real-time spend dashboards for enhanced team ownership and accountability
Planning and forecasting
Revamping budgeting, forecasting, and chargeback methods to facilitate iterative, innovative, and cost-efficient development approaches.
Focus on business value
Utilize cost management strategies such as leveraging managed services, aligning cloud usage with business metrics, and implementing unit costing
Utilizing cost optimization tools
Implementing and integrating a collection of cloud cost management tools to ensure the efficient tracking and management of cloud spending.
Increase resource efficiency by targeting idle/underused items
Pinpoint high costs using Google's labeling practices
Improve resource use with custom scheduling and provisioning
Optimize performance with autoscaling per business trends
Serverless & API optimization
Right-size serverless CPU and memory allocations
Shift functions to Google services for cost and performance
Profile functions for cost and API consumption insights
Review API usage patterns for cost-efficient workflow optimizations
Data & storage optimization
Improve data retention with lifecycle controls
Utilize storage classes for cost-effective data movement
Use services like Cloud Storage or BigQuery for cost-efficient data strategies
Cloud Cost visibility
Explore financial specifics using detailed billing reports and Looker dashboards
Regular reviews ensure budget precision and adjustments
Cost optimization with Premier Cloud goes beyond cutting your cloud expenses; it's about utilizing the vast array of Google Cloud services in a cost-efficient way that aligns with your business objectives