In the first part of this series of AWS cost savings, we presented 15 tips for optimizing your AWS costs, while the second part focused on the Reserved Instance concept. This time, we will talk how you can optimize your AWS cost by using consolidated billing.
The pace of adoption of cloud computing is evidence not only of its powerful economic advantages but also how easy it is to get into the cloud. But many companies are finding that using the cloud effectively is not so easy. The classic assumption is that a workload in the cloud is the same workload — it’s just in the cloud. But that isn’t true.
The first part of this series presented 15 tips for optimizing your AWS costs. In this section, we will talk about ways you can optimize your AWS costs by using Reserved EC2 Instances service.
Newvem Cloud Usage Analytics RI Recommendation - Hourly Utilization (last 30 days)
Amazon Web Services (AWS) is the biggest public cloud around, yet what goes on behind the scenes remains a mystery. For heavy users, such as enterprise level CIOs, AWS’s “Reserved Instances” are a cost effective model to scale their cloud activity and benefit from the full service offering that Amazon provides. The infographic is based on analysis made by our Reserved Instance Decision Making Tool. This advanced analytics tool can help enterprise CIOs to capture the added value and benefit by:
- Ensuring that reserved instances meet cost and performance expectations.
- Identifying consistent onOn-demand Demand usage that can be shifted to reserved Reserved instances.
- Tracking Reserved Instance expiration dates and recommend actions for renewal and scale up and down.
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Currently IT departments and infrastructure providers are under increasing pressure to provide computing infrastructure at the lowest possible cost. Evolution of the Cloud computing paradigm has made software systems more scalable with a cost-effective approach. One of the most popular and innovative Cloud infrastructure providers is Amazon Cloud Services (AWS).
The traffic of a typical web application directly linked to the amount of concurrent users that use the system. The variations in daily traffic volumes generated by a typical web application match our daily life schedule. Data Traffic transfer, running the application on Amazon cloud, can mean substantial costs. These cloud costs can even amount to more than half the overall charges for all instances utilized for the same amount of time.
The cost of traffic on Amazon AWS stems from two main factors:
1 - Outbound data transfer, between regions as well as out of the Amazon cloud.
2 - ELB data transfer fees across availability zones (AZ).
AWS (Amazon Web Services) provides an excellent cloud infrastructure solution for both early stage startups and enterprises. The good news is that AWS is a pay-per-use service, provides universal access to state-of-the-art computing resources, and scales with the growing needs of a business. The bad news – AWS can be very hard for early stage companies to onboard, while enterprises usually spend too much time with ‘busy work’ to optimize AWS and keep costs under control.
AWS offers a diverse variety of instance types and sizes for their operation. Although flexible, we found that many users pick instances that are far more powerful than they actually needed, which can lead to unnecessary costs.