AWS Cost Optimization

Cost optimization in AWS is a huge deal, especially if you're scaling up. AWS offers a mix of native services, tools, and best practices to help you reduce waste, right-size resources, and manage spend effectively.

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•  AWS Cost Explorer  empowers organizations to maximize cloud value while minimizing spend. By leveraging rightsizing, Savings Plans, Reserved Instances, and monitoring tools, businesses can identify inefficiencies, eliminate waste, and align resources with actual needs—all without sacrificing performance or innovation.
•  AWS Budgets  allows you to set custom cost and usage thresholds, providing proactive alerts when you exceed or are forecasted to exceed your budget. It enables granular tracking across services, accounts, and tags, helping organizations maintain financial control and prevent unexpected AWS spending.
•  AWS Pricing Calculator  enables users to estimate cloud costs before deployment. This free tool lets you model AWS services and configurations, compare options, and forecast expenses. It covers compute, storage, databases, and networking, providing detailed breakdowns to help optimize spending and avoid surprises.
•  AWS Compute Optimizer  uses machine learning to analyze resource utilization patterns and provide recommendations for optimal AWS resources. It helps identify over-provisioned and under-provisioned workloads, potentially reducing costs by up to 25% while maintaining performance and reliability.

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•  AWS Right-Sizing & Instance Selection  involves analyzing workload requirements to select optimal instance types that balance performance and cost. This eliminates waste from overprovisioned resources while preventing performance issues from underprovisioning, ultimately maximizing your cloud ROI.
•  AWS Eliminate Waste  by identifying idle resources, right-sizing over-provisioned instances, leveraging auto-scaling, implementing lifecycle policies, and utilizing cost allocation tags. Regular audits with Cost Explorer and Trusted Advisor ensure you pay only for what you need, maximizing cloud value.
•  AWS Tagging  enables granular cost allocation, resource management, and security control. Implement consistent tags for business unit, environment, project, and owner. Automate enforcement with Tag Policies and resource groups. Regularly audit tags to maintain governance and optimize cloud spending.

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•  Amazon S3 Intelligent-Tiering  relocates items across access tiers in response to shifting usage patterns, Amazon S3 Intelligent-Tiering automatically optimises storage costs. With minimal operational costs or effect on applications, it maintains millisecond retrieval performance while tracking the frequency of access and moving seldom-visited data to less expensive tiers.
•  EBS gp3 volumes instead of gp2  provides better price-performance with independent configuration of IOPS and throughput, potentially reducing storage costs by up to 20% with consistent baseline performance.
•  Glacier Deep Archive  offers the lowest-cost cloud storage for rarely accessed data with 99.999999999% durability. Perfect for long-term retention with retrieval times of 12-48 hours at less than $1 per TB per month.

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•  AWS ECS and EKS  make managing and deploying containerised apps easier. While EKS provides complete Kubernetes compatibility for complicated workloads, ECS is AWS-native and simpler to get started.
•  AWS Lambda  can execute code without having to provision servers. Because it grows automatically, only runs when triggered, and only charges for compute time utilised, serverless applications are effective and economical.
•  AWS Graviton  processors power EC2 instances delivering up to 40% better price-performance. These ARM-based chips offer excellent efficiency for containerized applications, microservices, and scale-out workloads at lower costs.

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