Best Ways To Reduce Costs In AWS

According to Gartner, without cloud cost optimisation, businesses could be overspending by more than 70% in the cloud. But what’s the best ways to reduce costs in AWS? According to our cloud experts, there are six things you can do to help improve your infrastructure while freeing up spend for other business initiatives.

Utilise a Tagging Strategy

Tagging allows you to separate and differentiate costs by a product or service, allowing you to see the differences in usage. Managing tags can keep accounts in order and identify services that may need optimising.

Have a Reserved & Spot Instances Strategy

Reserved and Spot instances can be valuable financial instruments to maintaining a low AWS spend. Having a reserved instance strategy allows you to cut costs by planning for your architectural needs upfront. Utilising Spot Instances enable you to run heavy stateless workloads while paying a fraction of the cost.

Monitor Cost Trends

Certain cost trends are indicators of cloud architecture patterns that can lead to cost concerns. Knowing what these look like upfront can prevent long-term cost consequences.

Monitor Cost Trends

Certain cost trends are indicators of cloud architecture patterns that can lead to cost concerns. Knowing what these look like upfront can prevent long-term cost consequences.

Examine Cost Ratios

Cost ratios are dependent on your environment, but can be a valuable way to gain insight into the health and efficiency of your infrastructure. Ratios show where optimisation may be valuable and where a change in strategy might be necessary. Following our six steps provides immediate impact by offering valuable insight into your current costs and give you areas to optimise.

Ready to optimise your AWS cloud costs today? Whether you’re looking to the cloud for innovation, agility, cost savings, operational efficiency, or all the above, we know you want to do it right. Get in touch today learn more about AWS architecture and console best practices and speak with one of our cloud analysts.