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AWS Cloud Cost Optimization Strategies

This presentation provides a strategic overview of AWS cloud cost optimization, emphasizing the importance of aligning resources with actual usage, selecting appropriate pricing models, and implementing automation for efficiency. By adopting these practices, organizations can achieve significant cost savings while maintaining optimal performance in their cloud environments. Read More: https://www.damcogroup.com/blogs/aws-cloud-cost-optimization-strategies.

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AWS Cloud Cost Optimization Strategies

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  1. AWS CLOUD COST OPTIMIZATION STRATEGIES

  2. INTRODUCTION Cloud adoption is accelerating, but so are costs. Effective AWS cost optimization ensures financial efficiency without compromising performance. This presentation outlines key strategies to manage and reduce AWS expenditures.

  3. RIGHTSIZING RESOURCES 1.Utilize AWS Compute Optimizer to assess and adjust EC2, EBS, and Lambda resources. 2.Eliminate underutilized or over-provisioned instances to prevent unnecessary spending. 3.Regularly review resource usage patterns to maintain optimal configurations.

  4. LEVERAGING PRICING MODELS Understand AWS pricing models: On-Demand, Reserved Instances, Spot Instances, and Savings Plans. Match workloads with appropriate pricing models to maximize savings. Use AWS Cost Explorer to analyze usage and identify potential cost reductions.

  5. AUTOMATING AND MONITORING Implement auto-scaling to adjust resources based on demand dynamically. Set up automated schedules to shut down non-essential resources during off- peak hours. Monitor costs using AWS Budgets and set alerts to stay within financial targets.

  6. CONCLUSION Regularly review and adjust resource allocations to align with business needs. Stay informed about AWS offerings and updates to leverage new cost-saving opportunities. Adopt a proactive approach to cloud cost management for long-term financial health.

  7. CONTACT US +1 609 632 0350 https://www.damcogroup.com/blogs/aws- cloud-cost-optimization-strategies info@damcogroup.com 101 Morgan Lane,Suite # 205, Plainsboro NJ 08536

  8. THANK YOU

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