Improve Your Cost Management with AWS Saving Plans

The adaptability and flexibility of today’s cloud services present a lot of opportunities to cut infrastructure costs. Amazon Web Services and its plethora of services let you set up any kind of cloud environment for any type of application, without forcing you to make long-term commitments. At the very least, you don’t have to make a big initial investment to set up your cloud environments.

AWS resources are designed to make deploying cloud-native applications easy and affordable. Affordability is always important for businesses because cost-efficient applications guarantee higher returns on cloud investment. The way AWS services are set up allows for easy scaling of apps and cloud resource usage, but keeping your cloud environment efficient is not without its challenges.

#aws #amazon web services #cost #cost optimization #cost analysis #cost management #cost analytics #aws costs

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Improve Your Cost Management with AWS Saving Plans

The adaptability and flexibility of today’s cloud services present a lot of opportunities to cut infrastructure costs. Amazon Web Services and its plethora of services let you set up any kind of cloud environment for any type of application, without forcing you to make long-term commitments. At the very least, you don’t have to make a big initial investment to set up your cloud environments.

AWS resources are designed to make deploying cloud-native applications easy and affordable. Affordability is always important for businesses because cost-efficient applications guarantee higher returns on cloud investment. The way AWS services are set up allows for easy scaling of apps and cloud resource usage, but keeping your cloud environment efficient is not without its challenges.

#aws #amazon web services #cost #cost optimization #cost analysis #cost management #cost analytics #aws costs

AWS Cost Allocation Tags and Cost Reduction

Bob had just arrived in the office for his first day of work as the newly hired chief technical officer when he was called into a conference room by the president, Martha, who immediately introduced him to the head of accounting, Amanda. They exchanged pleasantries, and then Martha got right down to business:

“Bob, we have several teams here developing software applications on Amazon and our bill is very high. We think it’s unnecessarily high, and we’d like you to look into it and bring it under control.”

Martha placed a screenshot of the Amazon Web Services (AWS) billing report on the table and pointed to it.

“This is a problem for us: We don’t know what we’re spending this money on, and we need to see more detail.”

Amanda chimed in, “Bob, look, we have financial dimensions that we use for reporting purposes, and I can provide you with some guidance regarding some information we’d really like to see such that the reports that are ultimately produced mirror these dimensions — if you can do this, it would really help us internally.”

“Bob, we can’t stress how important this is right now. These projects are becoming very expensive for our business,” Martha reiterated.

“How many projects do we have?” Bob inquired.

“We have four projects in total: two in the aviation division and two in the energy division. If it matters, the aviation division has 75 developers and the energy division has 25 developers,” the CEO responded.

Bob understood the problem and responded, “I’ll see what I can do and have some ideas. I might not be able to give you retrospective insight, but going forward, we should be able to get a better idea of what’s going on and start to bring the cost down.”

The meeting ended with Bob heading to find his desk. Cost allocation tags should help us, he thought to himself as he looked for someone who might know where his office is.

#aws #aws cloud #node js #cost optimization #aws cli #well architected framework #aws cost report #cost control #aws cost #aws tags

Improve Your Cost Management with AWS Saving Plans

The adaptability and flexibility of today’s cloud services present a lot of opportunities to cut infrastructure costs. Amazon Web Services and its plethora of services let you set up any kind of cloud environment for any type of application, without forcing you to make long-term commitments. At the very least, you don’t have to make a big initial investment to set up your cloud environments.

AWS resources are designed to make deploying cloud-native applications easy and affordable. Affordability is always important for businesses because cost-efficient applications guarantee higher returns on cloud investment. The way AWS services are set up allows for easy scaling of apps and cloud resource usage, but keeping your cloud environment efficient is not without its challenges.

The flexibility of existing services also makes setting up complex, resource-intensive cloud clusters easier. There is no application that you cannot run on AWS. When you have a complex cloud infrastructure with multiple EC2 instances, joint staging and production environments, and a long list of AWS services being utilized, it is easy to lose track of your infrastructure costs. Add the low costs of AWS services in general, and you start neglecting cost management; it will not be long before you end up with an inefficient infrastructure.

Amazon acknowledges this issue and provides a handful of tools and services to help you improve matters. Elastic services are already designed to automate scaling of services and applications, but you now have the option to go beyond just relying on automated scaling to make your cloud environment efficient. So, what is the best way to manage costs and save money on AWS? There are a lot of things you can do to get started; offers such as Savings Plans are definitely worth looking into as a starting point and we are going to review some of them in this article.

It Starts with a Cost Audit

Before you can start saving on your EC2 and Fargate instances, you need to first perform a complete audit of your environment. Amazon makes it easy with its Cloud Cost Management platform, which immediately lists all of the cost elements that affect your bottom line. The tool is designed to offer optimization recommendations based on actual condition.

When your microservices are not using the full capacity of your Fargate instance, for example, you are actually paying for resources you cannot utilize. Rather than continuing to pay for those unused resources, Amazon will recommend the best way to save money without sacrificing requirements and performance.

#aws #amazon cost explorer #amazon web services #aws savings plan #cost management

9 KPIs for Measuring Success with AWS Savings

Gathering and reviewing data to obtain useful insights into your organization and assess the performance of your processes is essential. When it comes to AWS savings, it’s necessary to calculate your AWS expense and utilization performance metrics. You should do this just like you measure your operational activities. As 35% of the cloud spend is wasted, organizations need to find more effective ways to make the most out of their AWS savings.

In the previous articles of this series, we discussed the most common challenges with AWS costs, listed three reasons why organizations need AWS cost optimization, and made a short introduction to FinOps. In this article, we suggest some cost management metrics that can help you track AWS savings more effectively. Moreover, you can use them as a tool to predict future performance and make cutting decisions.

#aws cost optimization #aws cost management #aws costs #aws savings #aws

9 KPIs for Measuring Success with AWS Savings

Gathering and reviewing data to obtain useful insights into your organization and assess the performance of your processes is essential. When it comes to AWS savings, it’s necessary to calculate your AWS expense and utilization performance metrics. You should do this just like you measure your operational activities. As 35% of the cloud spend is wasted, organizations need to find more effective ways to make the most out of their AWS savings.

In the previous articles of this series, we discussed the most common challenges with AWS costs, listed three reasons why organizations need AWS cost optimization, and made a short introduction to FinOps. In this article, we suggest some cost management metrics that can help you track AWS savings more effectively. Moreover, you can use them as a tool to predict future performance and make cutting decisions.

#aws cost optimization #aws cost management #aws costs #aws savings #aws