Benefits of FinOps Hub

[SanketK]

This year, Google Cloud introduced a new tool within the GCP Console called "FinOps Hub" which summarizes your current cost optimizations, displays Google Cloud recommended cost optimizations and generates a FinOps Score based on historical data to help you analyze how efficiently you are utilizing the cost saving options within GCP.

Pre-requisites to access the FinOps Hub:

You need the Billing Account Administrator or the Billing Account Viewer role to access the FinOps hub and view available recommendations, the FinOps Score and CUDs optimization metrics, and the metrics that inform cost optimization across projects associated with your billing account.

To view the FinOps hub:

• In the Google Cloud console, go to your Cloud Billing account.

• At the prompt, choose the Cloud Billing account for which you want to view the FinOps hub.

• In the Cost optimization section of the billing navigation menu, select FinOps hub

About the FinOps Score:

The FinOps Score can help you gauge how well you're using Google Cloud tools to monitor and save costs as well as how you can continue to optimize costs. The score is a calculation based on how you follow optimization best practices, including the following:

• Monitoring spend by actively logging in and using Cloud Billing tools.
• Optimizing resources by turning off idle resources and right-sizing instances.
• Purchasing CUDs, including CUDs opportunities recommended by Google Cloud.
• Establishing automated practices such as enabling BigQuery Export and API adoption.

• To know more please refer: https://cloud.google.com/billing/docs/how-to/finops-hub
• You can also watch a quick video on this here

Kind Regards,

SanketK