Summary

This chapter started with a brief overview of the principles for FinOps: financial operations in the cloud or cloud financial management. We studied how we can provision resources for various clouds and then learned how we can track costs that are related to these resources. Before we can track resources, view the associated costs, and validate invoices, we must understand how cost management works in the cloud. We discussed the cost tools in Azure, AWS, GCP, Alibaba Cloud, and OCI. All these providers offer comprehensive toolsets to provision and identify resources from their respective management consoles. However, we must understand some general principles, such as license agreements and tagging.

In this chapter, we discussed the foundation of FinOps. In the next chapter, we will elaborate on how organizations can implement and develop cloud financial management, including the setup of a FinOps practice, using the FinOps maturity model.