Head of Savings
Cloud governance refers to the set of policies and procedures that an organization puts in place to oversee its cloud operations. Aimed to ensure compliance, security, performance, and cost expectations are consistently satisfied, you can consider cloud governance as a homeostatic level of how your cloud organization should be performing in any given moment.
Organizations typically construct a cloud governance framework by incorporating their existing IT practices. However, some organizations may opt to create a completely new set of rules and policies that are specifically tailored to the cloud. Having a framework in place is crucial for improving oversight and control over various aspects of cloud operations, including data management, data security, risk management, legal procedures, cost management, and more. As organizations move more workloads to the cloud, a systemized approach to cost management is essential to align teams on cost-savings goals across a decentralized cloud environment.
Think of it as a series of guardrails. This involves creating and enforcing guidelines that dictate how users interact with cloud environments, ensuring that cloud services and systems are consistently performing as expected. The process of cloud governance encompasses defining, implementing, and monitoring these policies to maintain effective cloud management.
The Wild West days of the cloud are in their twilight. Using unapproved 3rd party services, ignoring security protocols, failing to document changes, overprovisioning resources, creating monolithic applications, and failing to monitor resources are all but a few examples of cloud-related behaviors that cloud governance frameworks are being established to contain.
Cloud governance is the new sheriff in town, and they’re bringing the law.
However, the law is only effective insofar as it is followed. How do you bridge the gap between intention and practice?
Whatever the answer may be, establishing a FinOps culture is a great start.
A FinOps culture is essential to ensuring that an organization's cloud goals are met and business value is consistently derived from cloud technologies. FinOps involves a set of practices, tools, and people to help you understand and monitor your cloud costs. Within a FinOps framework, companies can reduce waste, allocate resources more efficiently, and ensure their cloud costs are consistently within expected margins.
Bearing in mind that FinOps is an organizational shift with regards to how to provision cloud resources, it’s important to understand that simply hiring FinOps personnel is not a panacea - maintaining a FinOps culture requires buy-in from many internal stakeholders.
To establish a FinOps culture, the best steps your organization can make today are to:
It takes a village to keep cloud costs low and governance top of mind but it is very doable provided the steps listed above are routinely monitored and adhered to!
Head of Savings