AWS Cost Optimization Checklist

in Cloud Computing , DevOps

blog2.png

    Are you sure you’re following all of the practices and strategies to optimize your expenses? AWS has many flexible methods of keeping your expenditure to a minimum but the myriad of services and strategies could overwhelm you. Check out the list of essential strategies below to see if you’ve got all your bases covered.

    Instances

    • Purchase instances that suit your organizational needs.
    • Buy reserved instances with appropriate duration. Don’t reserve instances long-term if you won’t need them.
    • Analyze the pricing history of the Spot market at least a week before purchase to know which instances are worth purchasing.
    • Purchase Spot Instances for resources that aren’t set up for production.
    • Deploy some Spot instance tools so you don’t have to worry about your instances being interrupted.
    • Monitor your instances monthly. Purchase the latest instances.

    Scheduling

    • Schedule your instances. Keep them running only on business hours.
    • Make use of AWS instance scheduler or third-party automatic scheduling tools to take the task off your hands.
    • Try to be even more thorough with the scheduling times. If you don’t need instances to be running during certain working hours(like lunchtime), then turn it off.
    • Schedule your resources based on their activity. Don’t need to keep them running if they are idle.
    • Shut down resources other than instances like unused DB volumes or elastic IPs based on time or activity.

    Storage

    • Optimizing your storage directly results in the optimization of your costs.
    • Store your running resources on S3 and move them between tiers according to their activity.
    • Set up a lifecycle policy
    • Use S3 Intelligent-tiering for moving between frequent and infrequent access tiers automatically.
    • Archive your less active resources on Glacier.
    • Archive data backups long-term on Glacier Deep Archive.
    • Backup large volumes of data on Elastic Block Storage. Store your EC2 instances or clusters on here.
    • Applications with high workloads can be run on Amazon EFS as it provides auto-scaling and quick outputs.
    • Delete old snapshots and unallocated disk volumes
    • Delete unnecessary objects and buckets
    • Make use of AWS auto-scaling to allocate the sufficient capacity of storage to the workload
    • Choose open-source operating systems

    AWS Cost Management Tools

    • Analyze your expenses with Cost and Usage report.
    • Use Trusted Advisor to see your expense forecast.
    • Figure out unused resources with Trusted Advisor
    • Keep up with the trends in the market with AWS Cost Explorer
    • Create budget plans for your resources
    • Aggregate the expenses by services you run
    • Arm the individual employees of your organization with cost optimization tools

    Get similar stories in your inbox weekly, for free



    Share this story with your friends
    hrishikesh
    Totalcloud

    TotalCloud is a platform that is evolving the way the cloud is managed, by componentizing it. Achieve any cloud management solution or use case - across cloud cost, security, operational efficiency & complex custom solutions, with no-code automation. Our intuitive workflow-based platform save 99% of your CloudOps time.

    Latest stories


    What Developers Think About GitHub Copilot

    GitHub Copilot is a controversial developer assistant introduced to the public in June 2021. It …

    Why Golang Is Widely Used in the DevOps and Cloud Native Space?

    The Golang programming language has been rising to popularity in the DevOps community in recent …

    The app used by the organization's staff for their activities, Facebook Workplace, is also down.
    Facebook, WhatsApp, Instagram Prolonged Downtime: Facts and Impacts

    A news report on a recent outage to the apps managed by Facebook inc.

    What are the criteria for selecting a Magento agency?

    Magento development company can help the business step up its eCommerce website to ensure its …

    7 Remote Working Tools That Simplify Your Work

    With the tools mentioned below, remote work has proven to become much more manageable.