AWS' breadth of services and pricing alternatives, offer the flexibility to adequately manage your costs and still retain the performance and capacity your business challenges. With AWS, you can simply right-size your services, and leverage Reserved Instances and control tools to trace and monitor your resources so you can constantly be on top of your how much you’re consuming.
When you use AWS, you can manage your spend following a simple set of steps.
- Right-size your services to reach capacity needs at the lowest cost: With AWS you can right-size your services to satisfy exactly the space requirements you require without having to overprovision or yield capacity. With AWS, you can adjust your services to address actual business requirements at anytime, with no penalties or related fees.
With AWS you can choose services that engage your existing business requirements, and as your requirements change, you can quickly shift to the services option that meets your unique requirements.
This means you can save money by adapting your services to meet your business requirements, and not the other way around.
- Save when you Reserve: For specific services like Amazon EC2 and Amazon RDS, you can spend in reserved capacity. With Reserved Instances, you can preserve up to 75% over equivalent on-demand capacity.
- Use the spot market: Amazon EC2 Spot Instances enable you to bid on additional Amazon EC2 computing capacity. Since Spot instances are often possible at a discount compared to On-Demand pricing, you can significantly decrease the cost of running your applications, grow your applications compute volume and throughout for the corresponding budget, and enable new varieties of cloud computing applications.
AWS allows you to scale services for short-term usage and helping you reduce your bill. Since Spot Instances are often available at a discount compared to on-demand pricing, you can significantly reduce the cost of running your applications and lower your operating costs by up to 90% compared to on-demand instances.
- Monitor and track service usage: You can practice Amazon CloudWatch to manage and track metrics, monitor log files, set alarms, and automatically respond to changes in your AWS resources. You can also practice Amazon Cloud Watch to gain system-wide distinctness into resource utilization, application performance, and operational health.
- Use Cost Explorer to optimize savings: AWS also offers Cost Explorer to help you monitor and manage how much you spend. For example, you can tag instances, interpreting chargebacks and enabling you to link them to the right cost center. Cost Explorer also encourages you forecast, map, and more clearly understand your bill.
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