AWS Cost Optimization – Pillars and Design Principles | Amazon Web Services | Tech Vedika

Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction while maximizing business value (as defined by Gartner Inc. in their glossary). AWS Cost Optimization enables businesses utilizing AWS cloud to manage their cloud expenditure within budget and avoid wastage. In this blog, we discuss AWS Cost optimization techniques and guidelines to help organizations retrieve the best return out of their cloud investments.
AWS Cost Optimization Pillars
– Right-Sizing for Efficiency
– Saving with Reserved Instances
– Increasing Elasticity
– Fostering Accountability/Measure, Monitor, and Improve
AWS Design Principles
– Leverage Cloud Financial Management (CFM)
– Pay-as-you-go
– Embrace managed services
– Tagging – Track, analyze, and attribute expenditure right
– Track efficiency
Cost Optimization is an ongoing process. AWS Cost Optimization helps organizations to closely align the cost with actual demand. Using AWS resources, business goals can be achieved cost-effectively. With granular analysis and cost attribution, organizations can achieve higher ROI over time. Cost Optimization Design Principles are the guidelines that enable traceability. This leads to the design of a well-architectured framework.
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