Abstract
Ensure that there are materials that help translate core tools and terminology concepts across multiple cloud service providers.
Before you begin
You should understand the basics of how cloud computing works, know the key services on your cloud providers, including their common use cases, and have a basic understanding of billing and pricing models. Being able to describe the basic value proposition of running in the cloud and understand the core concept of using a pay-as-you-go consumption model are also necessary.
You’ll also need to have a base level of knowledge of at least one of the three main public cloud providers (AWS, Azure, Google Cloud). For AWS, we recommend AWS Business Professional training or, even better, the AWS Cloud Practitioner certification. For Google, check out the Google Cloud Platform Fundamentals course. For Azure, try the Azure Fundamentals learning path. Each can usually be completed in a full day workshop.
Each Cloud Service Provider has different tools available to help FinOps practitioners learn and practice efficient utilization of cloud resources. There are tools and reports available that can help FinOps practitioners and companies plan their potential cost in advance of consumption, understand invoices, complete billing analysis, govern cost and optimize cost. These tools have been enumerated in the FinOps Tools Matrix.
Cost Management Terminology
Cloud Service Providers utilize different terms to mean the same or similar things. This can make understanding cloud concepts across providers difficult. This terminology generated from this project was created to help FinOps practitioners translate these common terms across Cloud Service Providers and has been incorporated into the FinOps Terminology page here.
Three Letter Acronyms
Cloud cost management is not void of its own set of TLA’s. As a community the goal is to collect a list of three letter acronyms that are relevant and frequently used in daily cloud cost management.
| TLA | Meaning |
|---|
| AWS | Amazon Web Services |
| CSP | Cloud Service Provider |
| GCP | Google Cloud Platform |
| KPI | Key Performance Indicator |
| OCI | Oracle Cloud Infrastructure |
| TAC | Technical Advisory Council |
Resources
FinOps Foundation Landscape
- Multi-cloud FinOps Tools
- FinOps Certified Tools
- FinOps Certified Service Providers
Acknowledgements
The FinOps Foundation extends its gratitude to the hard-working members of the Working Group:
FAQs
Multicloud refers to using services from more than one public cloud provider at the same time. A multicloud environment allows your cloud environments to be private, public, or a combination of both.
What is the difference between multi-cloud and multiple cloud? ›
Multiple clouds refers to two or more separate clouds that are operated independently while multi-cloud is two or more separate clouds operating in concert by supporting a common abstraction layer.
What is a real time example of multi-cloud? ›
Multicloud computing, as this word suggests, is the use of multiple public cloud services from different vendors within one architecture at the same time. For instance, a business might use AWS for data storage, Google Cloud Platform for development and testing, and yet Microsoft Azure for disaster recovery.
Is multi-cloud a good strategy? ›
However, if this isn't a critical requirement, a multi-cloud approach still offers advantages in terms of disaster resilience, compliance management, and flexibility. It provides these benefits without the added complexity and infrastructure investment associated with a hybrid cloud setup.
What are the three types of cloud solutions? ›
The main three types of cloud computing are public cloud, private cloud, and hybrid cloud. Within these deployment models, there are four main services: infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), and serverless computing.
What is the downside of multi-cloud? ›
Migration challenges: Moving data between clouds requires careful planning and expertise. Data Security: It is critical to ensure continuous data protection across all platforms. Transparency Issues: Monitoring and management can be complex when dealing with multiple vendors simultaneously.
What is an example of a multi-cloud deployment model? ›
Multi-Cloud Model
For example, the GKE (Google Kubernetes Engine) hosted on the Google Cloud may be preferable over similar offerings on Azure, such as AKS (Azure Kubernetes Service) or Amazon EKS (Elastic Kubernetes Service).
Is Azure a multi-cloud? ›
Azure provides a holistic, seamless, and more secure approach to innovate anywhere across your on-premises, multicloud, and edge environments.
How many companies use multi-cloud? ›
89% of companies use a multi-cloud approach.
In 2022, 61% of businesses use one or two clouds—with 34% using one cloud and 27% using two. The number of organizations using three clouds was almost reduced to half, from 20% in 2019 to 11% in 2022. Meanwhile, companies using four cloud services have dipped from 7% to 3%.
How to manage multi-cloud environments? ›
Encrypt data, both data at rest and data in transit, and ensure you have a robust strategy for managing keys and certificates across the multi-cloud. Ensure your security team treats the entire multi-cloud as one security perimeter, with common tooling and strategies for securing systems in each public cloud.
Distributing workloads across multiple clouds enhances redundancy and disaster recovery capabilities. In the event of a service outage, you can seamlessly switch to another cloud provider, ensuring business continuity and minimizing disruptions. This strategy helps maintain operations even during adverse situations.
How do you create a multi-cloud strategy? ›
How to set up a multi-cloud strategy
- Define your goals. With leadership and stakeholders, take a good hard look at why you need a multi-cloud strategy. ...
- Research vendors. ...
- Plan for resilience. ...
- Consider distributed cloud. ...
- Improve visibility. ...
- Refine your strategy.
Both "multi-cloud" and "hybrid cloud" refer to cloud deployments that integrate more than one cloud. They differ in the kinds of cloud infrastructure they include. A hybrid cloud infrastructure blends two or more different types of clouds, while multi-cloud blends different clouds of the same type.
What is considered a cloud solution? ›
Any cloud-based solution refers to applications, storage, on-demand services, computer networks, or other resources that are accessed with an internet connection through another provider's shared cloud computing framework. The simplest way to think of cloud computing is by comparing it to electricity.
Can MultCloud be trusted? ›
There is also the option to protect your cloud storage files with a password. The lack of two-factor authentication means that MultCloud isn't as secure as it could be, but it is overall a secure app that promises it will not collect your files and cloud drive account passwords. Is MultCloud Free?
What is multi-cloud and how does IT affect security? ›
Multicloud security helps keep your business assets protected, so your data stays safer and your critical applications remain functioning optimally. With a more secure cloud, only authorized users have access to applications, which helps prevent any leaks of sensitive information.
