Reserved Instances

Reserved Instances were introduced by Amazon Web Services (AWS) in 2009 as a way for customers to reduce their cloud computing costs by committing to a specific amount of compute capacity for a predetermined period. Since then, other major cloud providers, such as Microsoft Azure and Google Cloud Platform, have adopted similar models. The primary…

Resource Scheduling

Resource scheduling in cloud computing refers to the process of allocating and managing computing resources such as CPU, memory, storage, and network bandwidth to various tasks, applications, or workloads. It is a fundamental component of cloud infrastructure management that directly impacts both operational performance and cost optimization. In FinOps, resource scheduling is particularly important as…

Resource Utilization

Resource utilization in the context of FinOps refers to the efficient use and management of cloud computing resources to optimize performance and cost. It is a critical aspect of cloud cost management that focuses on maximizing the value derived from cloud investments while minimizing waste and unnecessary expenses. Understanding and optimizing resource utilization has become…

Rightsizing

Rightsizing in cloud computing refers to the process of analyzing and adjusting cloud resources to align with actual usage patterns and performance needs. It involves identifying and eliminating waste by resizing or reconfiguring instances, storage, and other cloud services to match workload demands accurately. In FinOps, rightsizing plays a crucial role in achieving cost optimization…