Optimizing Costs on AWS: Strategies for Success

As organizations migrate their workloads to Amazon Web Services (AWS), they often face unexpected costs. A key challenge lies in accurately predicting future usage and cost trends, making it difficult to plan and budget effectively.

To address this, experts recommend leveraging AWS Cost Management tools, such as Cost Explorer, Budgets, and Cost and Usage Reports. These tools provide granular insights into resource usage, costs, and spending trends, enabling customers to identify areas for optimization.

Other effective strategies include:

* Eliminating unused resources

* Optimizing storage costs by using storage-optimized instance types and migrating EBS volumes to GP3

* Leveraging Reserved Instances and Savings Plans

* Modernizing instances to the latest generation

* Right-sizing resources

By implementing these strategies, organizations can significantly reduce their AWS costs and achieve better cost optimization.

Source: https://dev.to/mahsaran/how-can-you-optimize-your-cost-on-aws-tam-field-learning-29fi