Date: February 5, 2024 Video: 27 minutes
Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages.
PRACTITIONER FOCUS: Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners.
DATA: Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%. Google Cloud now has a:
BigQuery exports are easy for non-developers to use and are a great starting point for teams in a crawl or walk stage.
For those in the run stage, Google Cloud is developing automated data extracts through APIs. They released a pricing API, which enables you to show prices to developers while they build applications.
Google Cloud released a BigQuery export that is compliant with the FinOps Cost and Usage Specification (FOCUS) format.
FINOPS HUB: A new FinOps Hub is, according to Sarah, “the de facto place for all Google Cloud for cost optimization.” You can find it in the Google Cloud console.
FinOps Hub has a FinOps Score, which indicates how well you’re using tools and data to manage your FinOps practice. The score considers how much of your spend is not covered by commitment discounts, as well as your usage of data extracts and FinOps tools.
Alerts notify you of “low hanging fruit” like idle instances, or CUDs that are about to expire.
Google Cloud is now building Hub views for business leaders that provide a zoomed out view of costs by e.g., projects, applications, or workloads. Also planned is a savings ledger that shows how much money has been saved from applied optimizations. Future features will aim to get all stakeholders invested in FinOps outcomes.
