AWS Cloud Financial Management
Category: Best Practices
Establish a cloud financial management “flywheel” to continuously improve cost transparency, control, forecasting, and optimization
Read this blog and learn how you can establish effective cloud financial management (CFM) practices to continuously improve cost transparency, control, forecasting, and optimization.
Cost optimization flywheel
Cost transparencies and insights will help drive data-driven and informed decisions. This blog describes a flywheel approach that an enterprise can utilize to optimize their AWS spend and leverage those saving towards driving continuous innovation.
The Keys to AWS Optimization Season 6 highlights
That’s a wrap on Season 6 of the AWS cost Twitch show, ‘The Keys to AWS Optimization”. In case you missed it or are looking to explore a new cost optimization resource, we’re sharing the top 3 episodes of Season 6.
Better Together – Graviton 2 and GP3 with Amazon OpenSearch Service
There are many benefits to running your Amazon OpenSearch Service workloads on Graviton2 based instances coupled with the gp3 EBS volume type. If you’re currently maintaining an Amazon OpenSearch Service workload, these changes are easy to make and can provide ~10% in savings with minimal effort.
Optimize and save on “other” services
When it comes to cost optimization, you often focus on the top spenders, but the cost of the services that typically fall under the “Others” category can be just as high as the top cost drivers. It’s worth looking into the sources of these costs and identifying opportunities for cost and performance optimization. In this blog, I’ll use a few examples to demonstrate how you can dive deeper and understand the cost elements of these “other” services and what you can do to optimize the spend.
Optimize your x86-based Amazon EC2 Workloads
This post will show how you can optimize your x86 Amazon Elastic Cloud Compute workloads with no architectural changes. We will focus on improving price-to-performance without introducing engineering overhead, large planning cycles and significant time investment. The optimizations mentioned today require no application engineering and can be done quickly. The focal point of this post is showing the benefits of running your x86 EC2 workloads on AMD based EC2 instances to achieve at least 10% cost savings.
Understand your AWS bill with the right cost allocation strategy
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.
The benefits of cloud adoption in the life sciences industry
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.
ICYMI: Increase cost visibility, optimization, and overall CFM maturity
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.
Kickstart your cost optimization efforts with confidence
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.