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Explore K8s Cost Allocation and Right-sizing at FinOps X

Written by Joe Pelletier | Jun 26, 2023 3:50:43 PM

FinOps X is an excellent event for those looking to discuss FinOps, improve on current practices, and explore the complex intersection of FinOps and Kubernetes. Kubernetes, with its capability for managing containerized applications and increasing dominance in the cloud-native world, and FinOps, with its role establishing financial responsibility in cloud computing, both play pivotal roles in shaping efficient and cost-effective cloud cost management strategies. One way to do that is to explore how to approach cost allocation and right-sizing in Kubernetes.

Attending FinOps X June 27-30? Visit Fairwinds in Booth S22 

Understanding Kubernetes in Depth

Kubernetes has solidified its position as the go-to platform for orchestrating containerized applications. It streamlines deployment, scaling, and management across multiple environments, enabling increased development speed, efficiency, and resilience. Unfortunately, the financial implications of Kubernetes usage are often difficult to track down and understand, leading to cost inefficiencies.

The costs associated with Kubernetes stem from multiple components. An in-depth understanding of these costs is an important way for you to optimize your expenses. To get a better understanding of how Kubernetes impacts cloud spend, you need to do the following five things: 

1. Allocate Container Costs

Use your actual cloud spend and workload usage data to understand costs incurred across multiple clusters, aggregations, and custom time periods.

2. Right-size to Optimize Cost

Monitor your Kubernetes workloads to make informed decisions about how to set resource limits and requests. Oftentimes, analyzing individual workloads or applications enables you to reduce costs without impacting application performance.

3. Enable Kubernetes Cost Showback

Collect, store, and aggregate Kubernetes usage costs so you can analyze the data, report that information to finance teams, allocate costs to developers, and track savings over time.

4. Analyze Cluster Cost and Usage 

Review your data to get a breakdown of cluster capacity and usage. This analysis will help you understand how much is spent on idle capacity, shared vs. app-specific resources, and how to set up effective node scaling.

5. Integrate your Cloud Bill

Integrate your AWS cost and usage reports to calculate accurate Kubernetes costs by workload, namespace, or label. Optionally, roll up this information across multiple clusters or teams to get an enterprise-wide view.

Navigating FinOps X 

FinOps X offers a wide range of insightful keynote sessions and presentations, deep-dive training, networking opportunities, and helpful information from vendors. Here's how to make the most of your time at FinOps X:

  1. Attend Keynote Sessions: Start with the keynote sessions where industry leaders will share their insights into FinOps. These sessions provide insights into industry trends and best practices.

  2. Network with Peers: Engage with your peers, share your experiences, and learn from others. This process can result in unexpected insights and new strategies.

  3. Visit Vendor Booths: Take some time to explore various vendor offerings. Understanding the solutions and services available can help you make decisions about how best to improve cost allocation and right-sizing in Kubernetes.

Kubernetes and FinOps, although complex, are essential for efficient and cost-effective cloud-native operations. As you dive into the world of FinOps X, be prepared to learn, adapt, and embrace new strategies to ensure your organization is getting the most out of these powerful technologies while still managing your cloud costs effectively.

Want to learn more about how to allocate and optimize Kubernetes cloud consumption? Read this Kubernetes cloud spend eBook or visit Fairwinds in booth S22 at FinOps X