Description The ability to run systems to deliver business value at the lowest price point.
What – Cost optimization is a continual process of refinement and improvement over the span of a workload’s lifecycle.
When – You do not want to use the unwanted resources
Why – To save cost
Design principles for cost optimization
- Implement cloud financial management
- Adopt a consumption model
- Measure overall efficiency
- Stop spending money on undifferentiated heavy-lifting
- Analyze and attribute expenditure
There are five focus areas for cost optimization in the cloud:
- Practice Cloud Financial Management
- Expenditure and usage awareness
- Cost-effective resources
- Manage demand and supply resources\
- Optimize over time
Takeaways
- Cost optimization and Cloud Financial Management is an ongoing efforts.
- You should regularly work with your finance and technology teams, review your architectural approach, and update your component selection.
- AWS strives to help you minimize cost while you build highly resilient, responsive, and adaptive deployments