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FinOps: Tags / Labels / Resource Groups

1 min read

Objective  #

Tagging technical components has several uses. The immediate use is for documentation, since the tag is metadata. Tags can be used to register the component owner, permissions, some observations and even parameters that an external script would use. From a FinOps perspective , the tag is used to create classifications and perform cost showback and chargeback with business sense. This document describes the best strategies and precautions that should be taken within your technical architecture with FinOps objectives, as well as how to best use Cloud8 to achieve this goal. 

Use Cases / Opportunity  #

It is much more common to look at cloud costs from a technical point of view. Understanding the services with all their technical complexity, looking at the items and IDs that cost the most and looking for actions that can reduce these costs found. 

But we cannot forget that there is an opportunity to look at costs as a business and bring visibility and management beyond the technical side. The correct application of a business process and constant monitoring will bring enormous benefits to those involved.