AWS EC2 Cost - Are AWS users overspending ?
Newvem’s Opinion
There is a strong relationship between the budget of an AWS user and their efficiency.
- Users with small budgets tend to have a higher amount of idle instances. For instance, AWS users with a monthly budget of less than $1,000 tend to operate with more than 50% of their total instances as idle, revealing an estimated $500/month in potential cost savings.
- Larger budgets operate their instances more efficiently. Users with a monthly spend of $3,000 or more operate their AWS instances more efficiently; based on our sample efficiency becomes more efficient as the spend increases. Despite this efficiency, there is still a significant amount of idle instances running, which complicate costs further.
- There is an efficiency chasm that needs to be crossed when users scale from medium size to larger size spends. As users begin to spend more than $3,000/month there is a negative impact on efficiency as the scale their AWS footprint.
Keywords: aws ec2 cost, aws overspending, idle instances, aws efficiency.
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