AWS Cost Optimization | Best Practices and Strategies For Your AWS Bill

AWS is the leader of cloud computing as over 40% of the total market share is captured by it. As per the recent reports, AWS generated revenue of $45.37 billion in 2020 and is expected to witness no slowdown in the future.

While its utility is unquestionable, there is one thing that bothers many existing and prospective AWS clients. It’s the cost involved in the AWS set-up. Various hidden aspects can double up your AWS cost.

This is why AWS cost optimization is the best way out. In this blog, we will explore the best AWS cost optimization practices to adopt so that your AWS investments will bring the best value.

Here’s AWS Cost Optimization Best Practices

Before we jump on to the AWS cost optimization practices, let’s learn about the basic meaning of this concept. AWS cost optimization is one of the main pillars of AWS Well-Architected Framework. It intends to guide the AWS users on their cost optimization journey by helping to find out caveats in the existing AWS cost strategy.

It allows one to save big on AWS costs while making zero compromises on AWS services’ cost, security, and performance.

Now, one might be curious to know why to bother about AWS cost optimization. Well, it’s important because AWS has hidden expenses and resource wastages if due diligence during the implementation isn’t paid.

Your AWS cost can increase if: 

Many idle or unused spots and instances are linked to your account. AWS EC2 instances are chargeable; if they are sitting idle, you’re wasting your money.

You don’t have clarity over the AWS pricing process. It’s complex and involves many things. For instance, there are four payment methods for EC2 Instances, and each works differently. If you don’t know how AWS pricing works, you might end up getting a package that isn’t fully functional in your case.

You’re not able to decide what integrations work best in your scenario. Let’s make one thing clear; AWS offers more than 200 integration. But, not all of them are of your use. So, you need to play smart here to get access to the best integrations without spending extra.

This is just the tip of the iceberg. Many more factors can significantly influence your AWS cost and make it rise like anything. So, it would help if you used all your senses while getting an AWS service.

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While understanding AWS pricing is tough and saving money seems tedious, it’s not impossible. One can achieve this goal by paying attention to the below-mentioned tips and tricks.

  • Create an AWS account in a way that you know your expenses 

It’s your account that keeps a tab on everything. So, you need to create such a cost tracking and optimization is possible. Well, doing so isn’t too tough. You can pull this off easily by using AWS Organizations and consolidated billing, generating a tagging policy, and allowing auto-generation of AWS Cost and Usage Report. When all these are the components of your AWS account, it’s easy to keep tabs on the expenses.

Also, make sure that you generate different accounts for production and development. It will help you understand what’s influencing production cost and what’s impacting development cost. If you’re an organization that needs more production, you can chuck out funds from development and invest in production. This way, you can allocate your funds wisely.

You need to activate cost visibility tools on your account to keep you posted on your fund utilization. AWS Cost Explorer is one such tool to use.

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  • Focus on waste management 

As mentioned above, AWS costs can go high because of some hidden and evident wastages. So, if you need to reduce AWS, you must learn about AWS waste management. It can be done in multiple ways.

You can start with RI – Researved Instances and opt for a suitable plan. You need to spot the RIs(Reserved Instances) that are no longer in use or remain idle in EC2 Instances and delete or downsize them. The cost will automatically be reduced.

You can save cost on EC2 Instances by scheduling the on/off facility. This way, your EC2 Instances won’t be involved in unwanted production, testing, and development as you will save money.

Snapshots that are no longer required or have become obsolete can increase your AWS cost. It’s a sheer wastage of AWS investment. So, you need to spot such snapshots and delete them immediately.

Putting all the data into a high-end storage plan is a waste of money invested. Not frequently used data doesn’t require premium-grade security and handling, which top-notch storage tiers are offering. It’s wise to move such data to an inexpensive storage plan.

  • Invest fully after availing of the free trial 

AWS is complex, and not everyone can make the most of it. Many of us end-up spending extra when there is no clarity on AWS’s offering and intended expectations. These hurdles can be easily fixed with the help of AWS Free Trial. It lasts for 12 months. 12 months are enough to make sense of AWS’s offering, the required services, and its components’ functionality.

During the free trial, you’ll be able to understand how AWS wastes are managed. Don’t underestimate this free trial as all the leading services like AWS Lambda. AWS Storage, Amazon Glacier, and many more are offered. There is even a facility to set up a budget for future users, as per your current utilities.

This understanding is crucial to finding out how much money you need to spend in the future and which resources will drive the maximum outcome.

Amazon CloudWatch is a very useful tool when you need to stay updated with the current resource consumption. It helps with AWS cost optimization by notifying you as soon as the EC2 instance’s consumption is as low as 30%. It gives you an opportunity to spot the overconsumption of EC2 instances and create a remedial solution.

Roll-up Your Sleeves To Save Big On AWS Investment 

Saving money is what we all want. As an AWS user, you can find it hard to do cost optimization. But, it’s not impossible. You’ve to be extra vigil and attentive. Practices like using the free trial, intelligently set-up the account, learning about waste management, and many more are very useful in reducing the final AWS cost.

However, their upright implementation is too daunting itself. So, if you don’t want to exhaust yourself in the process, the best bet is to take the help of an official AWS partner that will take care of all these headaches.

Wrapping Up

C-Metric is an applauded AWS Cloud computing services provider that is trusted by number of industry leaders already. 

With a deeper understanding of how AWS cost optimization works, how to minimize the cloud waste in AWS, and many other aspects that influence the final AWS cost, C-Metric will help you remove the caveats, control over spending, and allocate your funds intelligently. So, try them out today and enjoy optimized AWS costs

Nisarg Rami

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