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Year: 2023

FinOps Strategy for Cost Monitoring and Optimization

Year: 2023
Provider: Google Cloud
Contacts:

Mauro Cucchetti

Associate Director Cloud

abstract

We implemented a comprehensive FinOps framework for a leading organization, featuring custom Looker dashboards for real-time cloud cost monitoring. By integrating Looker with BigQuery and utilizing Google Cloud Billing Export, we enabled detailed cost analysis and resource management. Our strategic labeling system allowed precise cost allocation, enhancing financial and technological insights. This solution, aligned with Google Cloud best practices, optimized cloud cost management and improved operational efficiency.

CHALLENGE

Guided a prominent organization in implementing a FinOps framework with custom Looker dashboards for real-time cloud cost monitoring. As cloud computing expands, offering scalability, security, and cost efficiency, companies face challenges in managing costs and monitoring resources. Our solution emphasizes best practices and proactive cost-saving measures to address these challenges effectively.

our solution

Datwave developed Looker dashboards integrated with BigQuery, utilizing Cloud Billing Export for detailed billing insights. Our strategic labeling approach segmented cloud resources into clusters, enhancing cost analysis and management. The labels, visible in both BigQuery and Looker, enable in-depth analysis of cost allocation and customization, optimizing cloud cost management and efficiency.

Results

Custom Looker dashboards, integrated with a strategic labeling system and following Google’s best practices, delivered actionable insights for both cloud cost management and technology optimization. This tailored approach enhanced the ability to analyze financial data and technological performance, helping organizations make informed decisions and improve efficiency.

Benefits

Significant improvements in agility50% reduction in the time needed for cost analysis.
Tangible savings20% decrease in overall monthly cloud platform costs.

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