AWS Cloud Cost Management Best Practices With Blue Sentry CTO Todd Bernson

bluesentrycloud / August 29, 2023


AWS Cloud Cost Management Best Practices

Hi, I’m Todd Bernson – CTO at Blue Sentry Cloud and an AWS Ambassador with 12 AWS certifications.


AWS offers a variety of tools and best practices to help customers optimize their AWS costs which can be [a] critical component of any successful cloud computing strategy.


By following best practices for AWS, cost optimization customers can reduce their spending and improve the efficiency of their cloud computing operations. 


One of the best practices for AWS cost optimization is to use the right type and size of resources.


Choosing the appropriate resources for a workload can significantly impact the cost-effectiveness of your cloud computing operations.


The AWS trusted advisor tool can help identify opportunities to use more cost-effective resources for your workloads.


Another best practice for AWS cost optimization is to leverage automation to identify and then eliminate unused resources.


Automated resource optimization tools like AWS Cost Explorer can help customers identify, idle, or underutilize resources and take action to eliminate them which can significantly reduce unnecessary costs.


Monitoring and controlling spending is another key practice for AWS cost optimization.


AWS provides several cost-management tools including AWS budgets that allow customers to set custom budgets and receive alerts off of those budgets when spending exceeds them.


This can help customers keep their AWS spending under control and avoid unexpected costs.


Another best practice for AWS cost optimization is to use reserved instances or savings plans for predictable workloads.


AWS reserved instances allow customers to commit to specific usage levels for one to three years and receive a significant discount on the hourly rate of their instances.


AWS savings plans offer a similar pricing model but provide a lot more flexibility and service types and payment terms.


Elasticity and horizontal scaling are also essential to consider when optimizing AWS costs in the cloud.


Customers can dynamically adjust their resource capacity using an elastic infrastructure to meet demand and avoid over-provisioning resources.


This can reduce costs by ensuring that customers only pay for their needed resources.


Horizontal scaling can also distribute the workload across multiple instances – improving performance and reducing the need for expensive high-end instances.


By using horizontal scaling customers can also increase the availability of their applications and reduce the risk of downtime which can significantly impact costs.


By combining horizontal scaling and other best practices for AWS cost optimization, customers can maximize the value of their cloud computing strategy and Achieve significant cost savings.


Finally regularly reviewing your AWS usage and spend can help you identify areas for improvement and optimize your costs.


The AWS cost and usage report provides detailed information about your AWS costs and usage, which can help you identify cost drivers and take action to optimize your spend.


By following these best practices for AWS cost optimization customers can significantly reduce their spending and improve the efficiency of their cloud computing operations.


Regularly monitoring your usage, choosing the right resources, and leveraging automation creating scalable architecture, and using reserved instances and savings plans are all effective ways to optimize your AWS costs and maximize the value of your cloud computing strategy. 


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