The services of Cloud Cost Optimization plays an important role in todays industrial sectors. It is the process that overall reduces the cost of the data that is being spent without proper management. The undertaking of cloud optimization is to identify and resolve mismanaged resources, eliminating waste, reserving capacity for higher discounts, and Right-Sizing computing services to scale.
It is a known fact that adopting Amazon Web Services – AWS provides huge benefits and along with that it is the current need and demand for the current market too. The benefits here are in terms of agility, responsiveness, simplified operations, and improved innovation. However, there is a myth that people have and that is towards the migration of servers to the public cloud. Many of us assume that public cloud leads to cost savings.
But this is not the truth. The reality of it is different. On hearing the term AWS seems too easy, but the reality is AWS cost optimization is way much harder than any of us can think. Here the reason for it is because the companies, organizations, and other operational work will be in need to implement management, assign governance, and along with that automation too. Also, this entire service has the bills that cause a huge amount and this thus hits the overall budget as well.
With this said here are some of the basic strategies that are commonly undertaken by the organizations that have turned out to be combat as well as ever-increasing cloud costs to achieve AWS Cost Optimization.
(1) Keeping Track for Reserved Capacity Usage
It is a fact that none of us would want to increase the bill or the cost of the data or the capacity that is not being used. There are companies who are not entirely aware of the usage of the capacity, and if this is the fact then indeed you are in big trouble. The research says that people are not aware of the proper benefits of RI utilization. At times it is observed that RI offers great deals and discounts. This also assists in reducing overall costs by 30-60% and at times 75% in some cases.
(2) Underutilized RIs – Use them or sell them
The process of reserved instances is considered all-in estimation and planning. The core reason for it is to make the investment worthwhile a value. With no doubt, even after having sufficient utilization the organization still may end up with some idle reservations. This idea of work can be repurposed and then the same can be used somewhere else.
This is then the clients can reallocate the details to new projects and applications where they can fit easily and conveniently. Also, this process could repurpose them to deal with existing workloads that are using expensive on-demand instances in the cloud. And in vice-versa if the RI’s are not used, the other option that is available is to sell them to AWS.
(3) Identify and delete orphaned snapshots
When there is a termination of EC2 instance, it is by default and well-understood that the attached EBS volumes are also deleted. But it is said to be very easy that these snapshots are still remaining in the server and due to which the charges are having to continue the hike.
These are the charges that may also be more even beyond the thinking. Still the process of backups is considered as an incremental option, the set of the initial snapshot is considered for the entire volume. Moreover, subsequent snapshots that are kept for a longer time will require much of capacity as that compared to the initial snapshots taken and this is all related to the retention period.
If needs to be said in other terms, it is like unless we consider the actual way of thinking to us the process of orphan snapshots. This is undertaken for the creation of future EBS volumes, and for this purpose, we should consider deleting this part of the data from the cloud housekeeping. This process is actually way easier and quicker. It also helps in reducing the AWS cloud cost too.
(4) Try different payment methods for RIs
It is AWS that is giving three payment methods that RIs is using and those are;
● Complete upfront payment
● A fixed monthly amount of RIs
● Partial upfront payments, and rest paying it in installment.
This step always allows the clients to have their resources reserved so that it can be started as an when required. But if checking on the other side, if the reserved resources are not be used for a certain period of time or maybe not created, then yes you are ending up wasting a significant amount of money. Thus, this is the time where there is a need to have an option taken into consideration and that is AWS cost optimization. Also, if there is no flow of cash as that expected, then the option that needs to be selected is the upfront option so as to make the purchases and get some compound discounts.
However, if there are a comparison and calculation made between upfront and partial upfront payment the outcome will be very small. This is a universal fact that depending on the financial capacity of the business, the option to switch between all upfront and partial upfront can be selected and this will affect the discounted rates to a great extent. Also, on the other side if thinking the discounted rates is slow in the case of no upfront options.
(5) Practice instance right-sizing
The service of the amazon elastic compute cloud (Amazon EC2) provides a wide range and selection when it comes to select its instances and types along with sizes. This then gives the option to the clients for the flexibility to right-size and to create compute resources and meeting their needs at the lowest possible cost.
This service then also at the later stage provides and creates detailed usage sets of the data so as to assist them to determine in the option to select the actual size of the instance and that too more effectively and conveniently. Based on the workload the technical requirements can be selected and this in turn will be a helping hand.
The process of AWS cost optimization can be checked and termed to be having a possibility through a cloud watch. Post analyzing the CPU and its memory utilization on the instances that are running, selection to upgrade, or downgrade the system with its specifications can be decided.
(6) Select the right cloud storage option
AWS offered 5 tiers of Amazon S3 storage availability and this is very important that we need to have an understanding of it as to why and when to use each of these classes so that AWS cost optimization is possible at a greater pace. The cost then is segregated in each tier and is being split into the actual storage amount and its other details. Some of the types of cloud storage are as mentioned below,
● Amazon S3 Standard
● Amazon S3 Standard-Infrequent Access (IA)
● Amazon S3 One Zone-Infrequent Access
● Amazon Glacier
As per the use of the data the cloud cost bills are decided and along with that the option of optimization is selected. This reduces the cost of usage and makes your cloud easier to manage.
(7) Closing Down the unused AWS Instances
In the development environment, it is necessary that the unwanted and unused instances need to be closed or shut down so as to use more of AWS cloud optimization services. It is services like AWS OpWorks and Elastic Beanstalk that enables developers to promptly expand and re-deploy pertinence with flexibility. Also, you don’t have to worry about the configuration of the underlying infrastructure.
You can also use AWS Cloudformation to describe the foundation as a system, and this makes it more convenient for your developers to produce a source template of AWS resources to immediately build or rebuild the environment. This method executes its possibilities to shut down and delete unused AWS resources without concern.
Over to You:
On reading this blog, it is very much understood that how AWS cost optimization is helping the team to work collectively and efficiently. Cloud Stack Group is the leading company that entirely works for its clients to provide them with information that is vital for the overall business process.
AWS Cost Optimization services need to be taken care of, and thus it is necessary that the right company, as well as the right team of engineers, are available for the clients so as to assist them and guide them at each level of work and that too with 100% accuracy and perfection.
Feel free to connect with the team over the call or via email with your details and the team will be replying back to you with the stipulated time and with the response that is being expected by you as a client.
