Traditionally, the responsibility of AWS Price Optimization falls on the shoulders of the business owner. However, recognizing when it’s time to streamline your AWS operational expenses is crucial. It’s essential to be vigilant about costs that appear to be spiralling out of control. First step towards AWS Price Optimization could be to identify the 10 Essential Native AWS Cloud Cost Tools which could help you to reduce AWS costs.
Here’s a comprehensive breakdown of AWS costs for AWS Price Optimization:
EC2 Instances
EC2 instances, serving as virtual servers in AWS Elastic Computing Cloud, enable customers to run applications on the infrastructure. These instances contribute to the most significant chunk of costs, approximately 62%. The p3dn.24xlarge is the priciest EC2 instance, costing around $31.212 per hour on a Linux OS and $35.628 per hour on a Windows OS.
EBS (Elastic Block Storage)
EBS, a block-level storage solution used alongside the EC2 cloud service, accounts for up to 8% of AWS costs. Be aware, AWS charges for services like restoring EBS volumes and snapshots.
RDS (Amazon Relational Database Service)
RDS streamlines the setup, operation, and scaling of relational databases in the cloud. It can constitute 7% of AWS costs. The pricing includes Oracle database licenses, eliminating the need for customers to provide their licenses.
Other Services for AWS Price Optimization
Miscellaneous services, including outbound data transfer, storage, and computing, may contribute up to 17% of AWS costs.
>>Learn easy AWS Price Optimization which cuts your AWS costs by 60%!<<
Exorbitant storage bills may indicate issues like storing obsolete EBS volumes or misaligned cloud sizing with your requirements. While you can track cloud costs on your Billing and Cost Management console, the real value comes from understanding specific methods of AWS cost optimization. Stay informed to ensure your AWS spending aligns with your business goals efficiently.
