Cloud enables to scale the resources up or down depending on the changing business requirements in real-time. The shift from an on-premise datacenter to AWS Cloud allows companies to scale their business while simultaneously reducing their overall costs. Replacing up-front IT infrastructure purchases with the more efficient pay-as-you-go model on AWS Cloud offers significant advantages. Furthermore, the sheer scale at which AWS operates brings in economies of scale which in turn benefits companies with reduced services pricing.
Any organization using the AWS Cloud should have a cloud cost management plan in place. It is important to identify the scope of increasing cost efficiencies on AWS and the best time to do that is now. However, finding ways of how to reduce AWS costs may not be that simple. This whitepaper talks about the common mistakes AWS users make in their setup that results in paying more than they need to. It would dive deeper into some short and long-term best practices, as well as some lesser-known facts and quick-fixes, to optimize your AWS spend as per your business-specific needs. Lastly, we will understand ways to maintain this optimized state in the long-run to ensure sustained cost benefits on AWS.