5 Pillars for AWS Cost Optimization:

AWS cost optimization pillar details are mentioned below.

1. Right Sizing:

  • Select the right instance for your performance requirements.
  • Look at your instances memory, CPU, Network etc.. to indentify the instances which can be downsized.
  • Use Cloud watch to track metrics and setup alarms to react dynamically.
  • Ensue you provision resources based on your project demand.

2. Increasing Elasticity:

  •    You can optimize cost to meet dynamic needs using Autoscaling feature and turn resources off when they are not needed.
  •   Use AWS instance Scheduler service to schedule the EC2 instances based on requirement. Eg: You can turn off test/Dev instances on off business hours.
  •  Enforce tagging strategy for better visulization.

3. Chosse the right pricing model:

  •    Choose the right pricing model to optimize your costs based on the type of workload. Eg: Reserved, Ondemand and Spot types.
  •    Use cost explorer and trusted advisor to verify the cost pattern and recommendations on cost optimization.

 4. Optimize Storage:

  •    AWS provides multiple storage tiers and pricing designed to meet performance. By identifying the most appropriate storage for specific types of data can reduce your expnses.

Eg: S3, EBS, EFS, Storage Gateway.

5. Measure and Monitor:

  •  Monitor your environment using AWS Cloudwatch, Cost explorer and AWS trustedAdvisor.
  •  Define metrics, set targets, enforce tagging and cost allocation tagging and review them regulalrly.

 

 

 

 

 

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