New whitepaper will help organizations optimize cloud spend and performance when using Kubernetes
SAN FRANCISCO, Calif. – November 17, 2020 – The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, and the FinOps Foundation, which aims to advance the discipline of cloud financial management through best practices, education, and standards, today announced they are collaborating on FinOps best practices and standards to improve cloud financial management. They have also published a new whitepaper on cloud financial management for Kubernetes compiled by the FinOps Kubernetes Special Interest Group (SIG).
According to CNCF’s Cloud Native Survey for 2020, 92% of technologists now use containers in production, and 83% use Kubernetes. As the use of containers and container orchestrators grows, it’s vital to understand how containerized workloads impact FinOps practices. Shared resources like cloud and containers can create challenges with cost allocation and visibility, and resource optimization.
“The cloud brings huge benefits to organizations looking to optimize their deployments, but the variability can cause a lot of uncertainty for finance departments and panic moments at seeing how much they are spending,” said J.R. Storment, executive director of the FinOps Foundation. “On the other hand, engineers have to make C-level decisions about spending. We’re working to bridge this gap and empower engineers to deliver innovation while providing insight into the ROI of performance and speed versus cost.”
The whitepaper, ‘FinOps for Kubernetes: Unpacking container cost allocation and optimization’, addresses how and why containers complicate how teams manage and optimize container costs and how to apply FinOps best practices to improve cloud financial management. It was authored by members of the FinOps Kubernetes SIG and covers questions, challenges, and considerations that FinOps teams should understand before tackling containerization in the cloud. It will help organizations:
- Understand how public cloud providers charge for their Kubernetes services and learn why performing chargeback and cost allocation in environments with Kubernetes is challenging.
- Look for ways to continuously optimize Kubernetes clusters and pods.
- Determine the best approach to container cost allocation and build policies to govern container spending, and integrate tooling to help manage container costs alongside traditional cloud spending.
“Together with the FinOps Foundation, we are working on educating developers on modern cloud financial management practices and moving towards a future where you have near real-time insight into the potential impact of services so you can make proactive financial decisions,” Chris Aniszczyk, CTO of the Cloud Native Computing Foundation. “Much like the collaboration we’ve seen in the CNCF community, we expect to see a lot of code and knowledge sharing amongst organizations which will result in new tools and standards in the cloud financial management space.”
The FinOps foundation was officially formed under the Linux Foundation in August 2020 with support from founding members Apptio, Cloudeasier, Cloudsoft, CloudWize, Contino, Kubecost, Neos, Opsani, ProsperOps, Timspirit, and VMware. Since then it has added 1,000 new practitioner members to bring its total to 2,500 people who practice cloud financial management and has added vendor members CloudCMX, Densify, SoftwareOne, and Virtasant.
The authors will host a panel discussion about managing container costs on November 19, 2020. Register to receive a copy of the whitepaper and attend the session.
About Cloud Native Computing Foundation
Cloud native computing empowers organizations to build and run scalable applications with an open source software stack in public, private, and hybrid clouds. The Cloud Native Computing Foundation (CNCF) hosts critical components of the global technology infrastructure, including Kubernetes, Prometheus, and Envoy. CNCF brings together the industry’s top developers, end users, and vendors, and runs the largest open source developer conferences in the world. Supported by more than 500 members, including the world’s largest cloud computing and software companies, as well as over 200 innovative startups, CNCF is part of the nonprofit Linux Foundation. For more information, please visit www.cncf.io.
About the FinOps Foundation
The FinOps Foundation (F2) is a nonprofit trade association made up of FinOps practitioners around the world. Grounded in real world stories, expertise and inspiration for and by FinOps practitioners, the F2 is focused on codifying and promoting cloud financial management best practices and standards to help community members and their teams become better at cloud financial management. For more information or to join, please visit: https://www.finops.org/
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