AWS's breadth of
services and pricing options offer the flexibility to effectively manage your
costs and still keep the performance and capacity your business requires. With
AWS, you can easily right size your services, leverage Reserved Instances, and
use powerful cost management tools to monitor your costs, so you can always be
on top of your how much you’re spending.
AWS
also makes many innovative services available at a fraction of the price of
on-premises solutions. Services like Amazon RDS for Aurora and Amazon Redshift
help you run enterprise-grade solutions at one tenth of the cost of comparable
on-premises solutions.
By
following a few simple steps, you can effectively control your AWS costs:
1)
Right-size your services to meet capacity needs at the lowest cost
2)
Save money when you reserve
3)
Use the spot market
4) Monitor and track service usage
5)
Use Cost Explorer to optimize savings.
Right
size your services
With
AWS you can right size your services to meet exactly the capacity requirements
you need without having to overprovision or compromise capacity. With AWS, you
can adapt your services to address actual business needs at any time, with no
penalties or incidental fees.
With
AWS you can choose services that meet your existing business needs, and as your
demands change, you can easily shift to the services option that meets your new
requirements. With AWS you can also run multiple service options concurrently,
helping you reduce costs and still maintain optimal performance.
This
means you can save money by adapting your services to meet your business
requirements, and not the other way around.
Save
money when you reserve
With
AWS you can right size your services to meet exactly the capacity requirements
you need without having to overprovision or compromise capacity. With AWS, you
can adapt your services to address actual business needs at any time, with no
penalties or incidental fees.
With
AWS you can choose services that meet your existing business needs, and as your
demands change, you can easily shift to the services option that meets your new
requirements. With AWS you can also run multiple service options concurrently,
helping you reduce costs and still maintain optimal performance.
This
means you can save money by adapting your services to meet your business
requirements, and not the other way around.
Use
the spot market
Amazon
EC2 Spot instances allow you to bid on spare Amazon EC2 computing capacity.
Since Spot instances are often available at a discount compared to On-Demand
pricing, you can significantly reduce the cost of running your applications,
grow your application’s compute capacity and throughput for the same budget,
and enable new types of cloud computing applications.
AWS
allows you to scale services for short-term usage and helping you reduce your
bill. Since Spot Instances are often available at a discount compared to on-demand
pricing, you can significantly reduce the cost of running your applications and
lower your operating costs by up to 90% compared to on-demand instances.
Use
Cost Explorer to optimize savings
AWS
Cost Explorer gives you the ability to analyze your costs and usage. Using a
set of default reports, you can quickly get started with identifying your
underlying cost drivers and usage trends. From there, you can slice and dice
your data along numerous dimensions to dive deeper into your costs.
One
powerful cost management feature available in Cost Explorer is to filter and
group your Cost Explorer data according to your resource tags. Tagging gives
you the ability to create resource groups that that match your business
structures, making it easier to map your resources and workloads to the
appropriate cost center.
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