8 Tips for Cloud Cost Optimization
So excited to learn new ways on how to optimize Cloud costs!🤩 I believe that it's never too late to start saving money. Here are 8 ways you can start
Streamline your Architecture
Streamline your architecture and decouple components for better utilization of resources
Automate processes
Automate processes like shutting down idle EC2 instances during off-peak times and adjusting data retention policies for log files.
Utilize Spot Instances
Utilize Spot Instances to reduce spending - Spot instances offer significant discounts on spare capacity, allowing you to save up to 90% compared to On-Demand pricing
Leverage Auto Scaling
Use Auto Scaling to automatically scale your resources up and down as needed. This will help you provision the right amount of resources in order to maximize savings.
Implement Rightsizing
Rightsizing involves evaluating your existing environment and determining if there are ways to optimize utilization without sacrificing performance or user experience
Track Cloud Spending
Track your cloud spending with a budgeting and forecasting tool that can provide reports on usage and cost trends over time, allowing you to identify areas for improvement and make informed decisions about where to invest in optimization efforts.
Monitor your usage
Utilizing tools like AWS Cost Explorer and Azure Cost management can help you keep an eye on your usage and identify any anomalies or spikes in cloud costs.
Leverage discounts and offers
There are several ways to save on cloud costs like using reserved instances or committed use discounts for certain services.
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