AWS Cloud Financial Management

blog image for FinOps X announcement recap

AWS’ debut to FinOps X: recap and product announcement highlights

Our product teams have spared no effort in the past few months developing new capabilities, so that we can bring the latest advancements to FinOps X. Let’s take a moment to recap the product announcements made at FinOps X and how they can help accomplish your FinOps goals.

blog image for Data Exports for FOCUS 1.0 (preview) announcement

Announcing Data Exports for FOCUS 1.0 (Preview) in AWS Billing and Cost Management

Starting today, you can create exports of your AWS cost and usage data with the FinOps Open Cost and Usage Specification (FOCUS) 1.0 schema as a preview feature. For those of you who aren’t yet familiar with the FOCUS standard, FOCUS is a new open-source cloud billing data specification that provides consistency and standardization to simplify cloud cost reporting and analysis across multiple sources. With Data Exports for FOCUS 1.0 (preview), you can configure recurring delivery of your AWS cost and usage data with the FOCUS 1.0 schema to your designated Amazon S3 bucket, and use these exports for your desired FinOps activities, such as cost reporting and allocation.

Generate your cost optimization reports with Data Exports for Cost Optimization Hub

We’re excited to announce that starting today AWS Billing and Cost Management provides Data Exports for Cost Optimization Hub. With Data Exports for Cost Optimization Hub, you can deliver consolidated cost optimization recommendations in CSV or parquet format to Amazon S3 on a recurring basis. You can define what data you want to include in the export using basic SQL query or column/row filters in the console. You can share exports with stakeholders, load them into your BI dashboards, or add to your Cloud Financial Management data lake.

Blog image for RDS rightsizing recommendation announcement

New – Rightsizing Recommendations for Amazon RDS MySQL and RDS PostgreSQL in AWS Compute Optimizer

Starting today, AWS Compute Optimizer delivers new recommendations for Amazon Relational Database Service (RDS) MySQL and PostgreSQL databases. These recommendations help you detect idle RDS instances and identify the optimal instance types and provisioned IOPS settings for your existing RDS DB instances, so you can reduce costs for idle and over-provisioned RDS DB instances or increase the performance of under-provisioned workloads.

Integrate AWS Cost Anomaly Detection Notifications with IT Service Management Workflow – Part1 Jira

by Yash Bindlish, Ashish Jain, and Durga Harika M | on | Permalink |  Share

AWS Cost Anomaly Detection uses advanced Machine Learning to identify anomalous spends and generate timely alerts, empowering our customers to take quick action. To assign, track, and manage the efforts, teams following the IT Service Management (ITSM) framework may need duly assigned incident tickets. In the era of agile practices, ITSM processes have evolved into […]

Improving your FinOps practice with real-time Slack notifications of AWS CFM announcements

AWS publishes more than 200 announcements per month to the “What’s New with AWS” website and RSS feed, so there’s a lot to get excited about. However, finding relevant announcements in these updates can be a challenge for engineers, finance professionals, or FinOps stakeholders. In this blog, we will deploy a solution to collect cost optimization related announcements from the “What’s New with AWS” feed and pass them into a dedicated Slack channel.

Improve cost visibility of Amazon EKS with AWS Split Cost Allocation Data

We’re excited to announce granular cost visibility for Amazon Elastic Kubernetes Service (Amazon EKS) in the AWS Cost and Usage Reports (CUR), enabling you to analyze, optimize, and chargeback cost and usage for your Kubernetes applications. With AWS Split Cost Allocation Data for Amazon EKS, customers can now allocate application costs to individual business units […]

Estimating the charges for Amazon RDS Extended Support

In September 2023, we announced Amazon RDS Extended Support which is now available for specific engine versions of Amazon Aurora MySQL, Amazon Aurora PostgreSQL, Amazon RDS for MySQL, and Amazon RDS for PostgreSQL. Today, we take you through the calculations for estimating your company’s spend on Amazon RDS Extended Support. We share prescriptive guidance to very quickly engage with your engineering teams.

Managing Costs with Cloud Financial Management Technical Implementation Playbooks (CFM TIPs) for AWS

AWS Cloud Financial Management Technical Implementation Playbooks (CFM TIPs) – The complete playbook for implementing and improving effective Cloud Financial Management capabilities in your organization. Utilizing the Cloud Financial Management framework and the Cost Optimization pillar in the AWS Well-Architected Framework, we have built an accessible step-by-step playbook to help you to implement a specific set of capabilities in your organization. This results in mechanisms that ensure ongoing, self-sufficient cost optimization and governance.