Benefits of the AWS Cost Optimization Review
Lower Expenses
The review helps pinpoint and remove unnecessary or underused resources, result in substantial cost savings.
Improved Visibility
The review offers detailed cost and usage insights, enabling a clearer understanding of your organization’s resource utilization.
Enhanced Resource Efficiency
The review identifies and resolves underutilised or idle resources, optimize the efficiency of your resource usage.
Reduce Your AWS Bill by Up to 40%!
Adopting the world’s leading cloud services is only the beginning. To maximize the value of your AWS infrastructure, it’s essential to regularly optimize expenses and review your services to identify what’s being used and what’s not. With the Webby Cloud team’s expertise, you can immediately enhance your AWS setup and further cut costs through tailored recommendations.
The Cost Optimization Review provides a structured report (as shown in the example below) with detailed insights into your current usage and actionable steps to improve your infrastructure and reduce your AWS expenses.
Why is AWS Cost Optimization Important?
Optimizing AWS costs is crucial to avoid overspending on underutilized or unnecessary resources. By maximizing the value of AWS services, you can align your cloud spending with actual usage. This approach boosts profitability, enhances financial flexibility, and minimizes the risk of overspending. Beyond cost savings, it fosters a culture of accountability and resource efficiency within your organization. Continuous cost optimization also enables your business to adapt to changing needs and usage patterns, ensuring your AWS infrastructure remains cost-effective over time.
Identifying Cost Optimization Opportunities
The first step in reducing AWS costs is identifying opportunities to cut expenses while maintaining or improving performance and efficiency. Our AWS Cost Optimization Review thoroughly examines your AWS usage and spending patterns to uncover such opportunities. Key areas of focus include:
- Unused or Underutilized Resources: Identifying idle EC2 instances or unused EBS volumes that aren’t being fully leveraged.
- Over-Provisioned Instances: Detecting instances that are oversized for their workload requirements.
- Incorrect Pricing Models: Highlighting scenarios where on-demand instances are used instead of more cost-effective reserved or spot instances.
Our review also emphasizes potential savings through Reserved Instances, Spot Instances, or AWS Savings Plans, ensuring you make the most of AWS’s pricing models.
Implementing Cost Optimization Strategies
Implementing cost-saving strategies involves taking targeted actions based on the recommendations in the Cost Optimization Review. These actions may include:
- Rightsizing Instances: Choosing the right instance type and size for each workload to balance performance and cost.
- Optimizing Storage: Using lifecycle policies to move data to lower-cost storage tiers or applying data compression tools to reduce storage expenses.
- Adjusting Scaling Policies: Scaling down resources during periods of low usage or leveraging auto-scaling to ensure resources are available only when needed.
- Leveraging Cost Allocation Tags: Tracking and analyzing costs by department, project, or other criteria for better expenditure insights.
Our experienced team can guide you through the implementation process to ensure strategies are executed effectively. If needed, our Engineering team can assist in making these changes, ensuring a smooth transition to a more cost-efficient AWS infrastructure. Additionally, setting up a system to monitor and control costs will enable continuous AWS expense optimization by tracking and managing them proactively.
How Does It Work?
The AWS Cost Optimization Review is a comprehensive process that usually take one to three weeks from start to finish. While each case may have unique circumstances, the structured process generally follows these steps:
Preliminary Access and Information Gathering
Customers provide read access to their AWS usage data (Cost and Usage Reports).
Comprehensive Examination:
We collect and analyze the data using a specialized third-party tool.
Report Preparation and Suggestions
Findings are presented in a structured document, accompanied by additional comments and actionable advice.
Recommendation Implementation
You implement the recommended changes, or our Engineering team can assist with deploying the changes for an additional cost.