Which AWS services or tools can help optimize the costs of AWS resources select two?

Introduction 

This guide contains a series of advanced cost-optimization techniques that can lower your AWS bill without compromising application performance or redundancy preparedness for disaster prevention. These articles are written for AWS Administrators and cloud engineering managers wanting to gain a deeper understanding of lesser-known aspects of AWS pricing. 

Have questions about other cost-optimization methods or AWS Services? Send us a request! CloudBolt adds chapters to this guide regularly as best practices and AWS products evolve.

Which AWS services or tools can help optimize the costs of AWS resources select two?

The AWS Cost Optimization Puzzle

The Basics of AWS Cost Optimization 

At its most basic level, cloud cost optimization is a method of practice that should be broken down into the following cycle:

  1. Build asset awareness through inventory analysis, tagging, and tracking. Make sure you understand not only what resources you have, but also their relationships with one another and the applications they support.
  2. Collect key metric data to set benchmarks for month-to-month and year-to-year trend analysis. This enables you to forecast budgetary needs confidently due to the cataloging achieved in step 1. 
  3. Refresh your knowledge of available services, resources, and discount programs. 
  4. Execute a data-driven purchasing strategy that applies all previous steps. This plan should factor in right-sizing resources, analyzing existing commitments for utilization and efficacy, upgrading to relevant instance generations, and validating new commitments against a 1- or 3- year horizon. 

The following sections focus on phase 3 of the cost-optimization cycle and assume that you already have a cataloged infrastructure with historical cost and usage data.

Chapters

There’s a lot of ground to cover regarding AWS services, pricing models, pitfalls, and best practices. Feel free to jump around to chapters you feel more comfortable tackling first. Remember, every organization has different needs. You can apply the cost-optimization cycle to different dimensions (data-flow routing, storage cleanup, commitment analysis, etc.) at different times to prevent concentrated (read: stressful) resource-management cliffs.

Chapter 1: AWS EBS Pricing

Discover all the ways you can improve your storage costs with our top 12 most important EBS optimization tips. 

Chapter 2: AWS Data Transfer Pricing

We’ve simplified the rates and stipulations on data transfers across all of the most popular AWS products so that you can architect your data-flow with confidence. 

Chapter 3: AWS Disaster Recovery Pricing

Understand the cost implications of the most common data replication strategies and gain insight into determining which might best suit your business needs. 

Chapter 4: AWS Savings Plans 

Round out your savings strategy with the latest AWS discount offering and see how it differs from standard AWS Reserved Instances. 

Chapter 5: AWS Cost Allocation Tags 

Learn about types of tags, naming conventions, and best practices, and how to use tags to organize and optimize your spending.

Chapter 6: EC2 Spot Instances

Reduce your AWS bill by mastering spot fleets, fleet requests, and more in our guide to spot instances.

Chapter 7: AWS Bill Analysis

Get to know all of the distinct use cases for AWS billing tools, what categories they fall in, and some best practices for using these tools.

Chapter 8: AWS Sizing Tools

Use different AWS sizing tools for your resources based on the data, goals, approach that best fits your projects.

Which AWS services can assist you with cost optimization?

Cost optimization services.
AWS Cost Explorer..
AWS Trusted Advisor..
AWS Compute Optimizer..
AWS Config..

Which AWS service tool or feature helps companies reduce costs?

Savings Plans is a flexible pricing model that provides savings of up to 72% on your AWS compute usage. This pricing model offers lower prices on Amazon EC2 instances usage, regardless of instance family, size, OS, tenancy or AWS Region, and also applies to AWS Fargate and AWS Lambda usage.

Which AWS service can help you optimize your AWS environment by giving recommendations to reduce cost?

AWS Trusted Advisor provides recommendations that help you follow AWS best practices. Trusted Advisor evaluates your account by using checks. These checks identify ways to optimize your AWS infrastructure, improve security and performance, reduce costs, and monitor service quotas.

What is the key service for cost optimization in AWS?

In AWS you can use Cost Explorer, and optionally Amazon Athena and Amazon QuickSight with the Cost and Usage Report (CUR), to provide cost and usage awareness throughout your organization. AWS Budgets provides proactive notifications for cost and usage.