Optimize Your Azure Migration with FinOps Best Practices
Drive the most value from your cloud investment during migration so that you can realize your business goals, accelerate growth, drive sustainable innovation, or realize cost benefits of the cloud.
A key strategic objective of Cloud Migration is to yield significant operational cost savings, and ‘FinOps’ practices are key to realizing this benefit.
As Microsoft defines:
“FinOps is a discipline that combines financial management principles with cloud engineering and operations to provide organizations with a better understanding of their cloud spending.”
These practices enable you to drive the most value from your cloud investment during migration so that you can realize your business goals, accelerate growth, drive sustainable innovation, or realize cost benefits of the cloud.
Azure Cost Management
Microsoft offers a comprehensive set of practices and tools for managing and optimizing your Cloud costs, with Quick Ways to reduce these costs.
- Monitor and analyze your Azure bill with Microsoft Cost Management, a suite of tools that help organizations monitor, allocate, and optimize the cost of their Microsoft Cloud workloads.
- Estimate the costs for your next Azure projects using the Azure pricing calculator and the Total Cost of Ownership (TCO) calculator.
- Successfully build your cloud business case with key financial and technical guidance from Azure.
Cost optimize your workloads
- Follow your Azure Advisor best practice recommendations for cost savings. Optimize Operating Costs with Cloud Economics in Azure.
- Review your workload architecture for cost optimization using the Microsoft Azure Well-Architected Review assessment and the Microsoft Azure Well-Architected Framework design documentation.
- Save with Azure offers and licensing terms such as the Azure Hybrid Benefit, paying in advance for predictable workloads with reservations, Azure Spot Virtual Machines, Azure savings plan for compute, and Azure dev/test pricing.
Control your costs
- Mitigate cloud spending risks by implementing cost management governance best practices at your company using the Microsoft Cloud Adoption Framework for Azure.
- Implement cost controls and guardrails for your environment with Azure Policy.
In this episode of the Azure Enblement Show, Thomas is joined by Obinna to discuss how you can use Azure savings plan to save on compute services. Obinna will also give a detailed demonstration of how the savings options are calculated and show you how to access the savings plan in the Azure portal.
