Author: Gena Chung

Effective cost tracking and allocation is crucial to operating in the cloud. With the right strategies and AWS tools, you can access and provide cost and usage data that aligns with your business objectives, helping you manage and optimize your cloud spend with increased understanding and accountability across your AWS bill. Learn about and see cost allocation strategies in action to help you understand your AWS bill.

Life sciences organizations are grappling with increased competition and the need to maintain profitability, while navigating a complex regulatory environment. To tackle these challenges, many are migrating to the cloud to accelerate innovation and enhance productivity. The Hackett Group evaluated the business benefits and trends of cloud adoption for life sciences organizations. 

Check out these resources to learn how you can optimize cloud costs, increase cost visibility, establish your organizational CFM framework, implement automation, and understand what strategies contribute to the success of cloud-mature enterprises.

How can you build a “team” that understands, executes, and optimizes CFM strategies that maximize business value from the cloud? We share ways you can accelerate your stakeholders’ optimization efforts, and establish and encourage cross-team communication to learn from each other, share what’s worked well, and accelerate best practice adoption. 

The Hackett Group conducted a global Industry Cloud Study of 600 organizations across multiple industries, with a primary focus on the manufacturing industry. The study assessed how migrating to the cloud improved operations and business results, and identified four key areas of business value realization.

This month, we’ve curated AWS resources to help you better implement cost planning, get quicker estimates for your EC2 instances, deploy a unit metrics dashboard, and learn from both our research and customers about the benefits of establishing and maturing your CFM programs.

To operationalize your CFM strategy, you need to identify what tools are available to help you allocate, visualize, and control your AWS cost and usage. In this blog, we’ll share our latest CFM Talk session, where we walk you through an example optimization (using AWS Graviton) to shed light on the framework for how you should think about each CFM pillar and layer tooling into your strategy.

AWS partnered with 451 Research to better understand the impact of Cloud Financial Management best practices on Cloud Cost, Business Value, and Sustainability. Explore the survey findings to learn how Cloud Financial Management benefits go beyond cost savings.

In this first ICYMI blog of 2023, we’re sharing articles from across the AWS blogosphere and AWS Cloud Financial Management, to help you start the year off right. Explore these resources to understand and start implementing important optimizations from varying perspectives. Whether you’re in a technical, financial, or business role, these optimizations can help you […]

Cloud cost optimization is often implemented as a reactive activity, despite being intrinsically proactive by nature. By implementing these 5 cloud cost optimization best practices, you can ensure proactivity as you maximize realized business value and take advantage of the flexibility, agility, and scalability of cloud technologies and services.