A SaaS company utilizes multiple cloud providers to achieve redundancy and geographic availability. However, managing and optimizing costs across these providers has become a challenge. The company’s FinOps team needs to evaluate cost strategies that minimize management complexity while taking advantage of the strengths of each cloud provider. The company’s workloads are a mix of constant and variable demand across various regions. Which approach would be the most effective for cost management across a multi-cloud environment?
Which of the following practices can help build a scalable and cost-efficient cloud infrastructure?
Select two correct answers.
Your company is using multiple cloud providers, including AWS and Azure, and has recently deployed Kubecost to manage Kubernetes costs. However, the finance team notices that some cost data is not aligning with their CloudHealth reports, especially for resources outside Kubernetes. The goal is to ensure unified, accurate cost visibility across all services and cloud providers. As the FinOps Certified Engineer, which two steps would you recommend to achieve this?
Your company has recently expanded its cloud footprint to include multiple Azure and AWS accounts across different departments. The FinOps team has decided to implement CloudCheckr for unified cost analysis and optimization. However, the team is unsure how to handle the differences in reserved instance (RI) purchasing options between Azure and AWS to maximize cost savings across both platforms. What would be the best approach to optimize reserved instance purchases using CloudCheckr in a multi-cloud setup?
Scenario:You are a FinOps engineer for a rapidly growing e-commerce platform. Your organization experiences fluctuations in cloud spending due to seasonal sales and marketing campaigns. Recently, you implemented machine learning (ML) models for forecasting cloud costs, which use historical spending data, usage patterns, and business activity data. However, your stakeholders are concerned about the accuracy of these forecasts, especially for peak periods.
Question:
What actions should you take to improve the accuracy of cost forecasts using ML models in this scenario?
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