ABACUS: A FinOps Service for Cloud Cost Optimization
This addresses cloud spend management for enterprises, but it appears incremental as it builds on existing FinOps practices without claiming major breakthroughs.
The paper tackles the problem of cloud cost optimization for enterprises by presenting ABACUS, a FinOps service that sets budgets, blocks deployments to enforce them, and alerts teams on breaches, with features like Infrastructure-as-Code to pre-deploy cost alerts.
In recent years, as more enterprises have moved their infrastructure to the cloud, significant challenges have emerged in achieving holistic cloud spend visibility and cost optimization. FinOps practices provide a way for enterprises to achieve these business goals by optimizing cloud costs and bringing accountability to cloud spend. This paper presents ABACUS - Automated Budget Analysis and Cloud Usage Surveillance, a FinOps solution for optimizing cloud costs by setting budgets, enforcing those budgets through blocking new deployments, and alerting appropriate teams if spending breaches a budget threshold. ABACUS also leverages best practices like Infrastructure-as-Code to alert engineering teams of the expected cost of deployment before resources are deployed in the cloud. Finally, future research directions are proposed to advance the state of the art in this important field.