10 Things Aws Cost Optimization Checklist

Aws Cost Optimization Checklist. Certainly! Here’s a checklist of 10 things you can consider for AWS cost optimization.

Aws Cost Optimization Checklist

Rightsize Resources: Analyze your EC2 instances, RDS databases, and other resources to ensure they are appropriately sized based on actual usage. Use services like AWS Trusted Advisor and Amazon CloudWatch to monitor and adjust resource utilization.

1. Use Spot Instances: Leverage Amazon EC2 Spot Instances for non-critical, fault-tolerant workloads. These instances are significantly cheaper than On-Demand instances but can be terminated if the spot price exceeds your bid.
2. Reserved Instances (RIs): Purchase Reserved Instances for predictable workloads. RIs offer substantial savings over On-Demand instances but require a commitment to a specific instance type, family, and operating system.
3. Utilize Auto Scaling: Set up auto-scaling to dynamically adjust the number of instances based on demand. This prevents over-provisioning and reduces costs during periods of low traffic.
4. Implement Serverless Architecture: Consider using AWS Lambda and other serverless services to pay only for the actual compute resources consumed by your application, without the need to provision or manage servers.
5. Data Storage Optimization: Choose the right storage class (S3 storage classes like Standard, Intelligent-Tiering, Glacier, etc.) based on your data access patterns. Delete unnecessary data and use lifecycle policies to move data to lower-cost storage tiers when appropriate.
6. Use AWS Cost Explorer: AWS Cost Explorer provides insights into your AWS spending patterns and helps you identify opportunities for cost reduction.
7. Monitor and Analyze Spending: Regularly review your AWS bills and usage reports. Identify trends, anomalies, and areas of overspending. Set up billing alerts to get notified when spending exceeds predefined thresholds.
8. Implement Tagging: Use resource tagging effectively to track costs and allocate expenses to specific projects, teams, or departments. This helps you identify areas where costs can be optimized.
9. Review and Optimize Networking Costs: Analyze data transfer costs, especially for data transferred out of AWS regions. Use Amazon CloudFront or other CDN solutions to minimize data transfer costs and improve content delivery.

Remember that cost optimization is an ongoing process. Regularly review and adjust your strategies based on changing business requirements and technology advancements.

Please note that AWS services and pricing structures may change over time, so it’s always a good practice to refer to the latest AWS documentation and resources for up-to-date information.