Domino FinOps assists organizations in managing cloud costs and improving the performance of their projects by aligning financial management with the unique needs of development.
Domino optimizes project costs through the following methods:
-
Automatic allocation of usage-based costs to projects, organizations, users, billing tags, and cost centers.
-
Optimization of dataset storage usage to reduce cloud storage costs.
-
Prevention of overspending by setting budgets and sending alerts to stakeholders, administrators, and team members approaching their limits.
-
Generation of chargeback/showback reports and use APIs to facilitate cost recovery across organizations and engage with high-expenditure users to optimize infrastructure usage.
Domino FinOps automatically tags all infrastructure usage with essential metadata, associating costs with specific Domino projects, organizations, users, and billing tags, allowing for detailed, usage-based cost allocations.
Domino FinOps comes with a default cost reporting dashboard to identify key drivers of your infrastructure usage spending like data preparation Jobs, model training, deployed Domino endpoints, and more. See Prerequisites for Domino FinOps deployment for more details on deploying this dashboard.
As Domino FinOps data is downloaded in JSON, it can be connected to your Tableau dashboard or Power BI dashboard for visualization and selective sharing with various internal team members.
This guide outlines the prerequisite steps for setting up Domino FinOps.
Here is more information on using Domino FinOps:
-
Get information about the prerequisites for Domino FinOps deployment.
-
Learn more about automatic allocation of usage-based costs.
-
Reduce cloud storage costs by optimizing dataset storage usage.
-
Prevention of overspending by setting budgets and sending alerts to stakeholders, administrators, and team members approaching their limits.
-
Generation of chargeback/showback reports and use APIs to facilitate cost recovery across organizations and engage with high-expenditure users to optimize infrastructure usage.