Understanding Cost Changes: How Hava.io Enhances Your FinOps Capability
In the ever-evolving world of cloud computing, the ability to manage and understand costs is paramount. Yet, with the complexity and dynamism of modern cloud infrastructure, it can be challenging to keep track of expenditure and trace its source. In such scenarios, Hava.io can be a lifesaver, enabling you to answer critical Financial Operations (FinOps) questions with ease.
Picture this: you receive an alert from your cloud cost observability software indicating a change in costs. However, you're unsure of the source environment, the impact, and whether the change was necessary or due to a decision by an engineer not fully cognisant of the cost impact. Here’s where Hava.io steps in.
Understanding Cost Changes with Hava.io
Hava.io is a sophisticated cloud management platform that automatically generates interactive and accurate diagrams of your cloud infrastructure. One of its key features is the Infrastructure View, which provides a holistic snapshot of your entire infrastructure, including estimated monthly costs. With Hava.io, you're not just aware of what you're spending but also precisely where.
Pinpointing the Costliest Services
Digging deeper, Hava's Cost View shows costs broken down by service. The interface presents all known resources, enabling quick identification of the AWS services costing the most. Thus, you have a granular understanding of your cloud expenditure, making it easier to pinpoint any unexpected cost changes.
Leveraging the Power of Versioning
To take your cost analysis a step further, Hava.io offers interactive live vs older version comparison. This tool allows you to track historical data and identify changes in environments Thus, in the event of a cost change, you can cross-reference it with past data to understand whether it's part of a trend or an anomaly.
Deep Search for proactive FinOps
The Hava.io Dashboard View provides essential metrics at a glance, including cost trends, resource usage, security, and compliance metrics. By keeping a close eye on these trends, you can quickly respond to any unexpected cost changes and ascertain their impact on the overall cloud budget.
Identify outliers, unused and untagged resources
When you connect a cloud account to Hava the initial scan will typically surface things you weren't expecting, like orphaned resources, old test or dev environments or database copies that were created for a long forgotten purpose. These can be terminated with extreme prejudice.
You can then identify untagged or incorrectly tagged resources. At best these aren't being attributed to the correct department or project. At worst they are running, accruing costs but nobody is using them. They can go. All quick wins and a testament to your FinOps prowess.
Amplifying Automation with Hava API
With the Hava API, you can extract cloud infrastructure data, cost data, and other crucial metrics with ease, further automating your FinOps tasks. By harnessing this data, you can conduct a detailed analysis of cost changes, empowering you to make informed financial decisions.
Anticipating the Future to Eliminate Bill Shock
Hava.io is continually improving. One of the key new features is the Architectural Monitoring.
This gives you the ability to receive alerts when resources are added or removed from your cloud infrastructure as it happens. What this means is you get an email and a console alert with a "diff" diagram showing you the changes. If an engineer adds a $10k per month resource to your environment, you can get ahead of the bill shock and find out if that was intentional or just a typo in the terraform script.
In conclusion, managing cost changes in a cloud environment doesn't have to be a daunting task. With Hava.io, you can gain an in-depth understanding of your cloud costs, enabling you to answer critical FinOps questions with ease and efficiency.
Ready to take your FinOps to the next level?
Let Hava.io be your guide on this journey towards cost-effective cloud management.
We recently wrote about the subject here: https://www.hava.io/blog/cloud-costs-how-hava-enhances-your-finops-capability
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