AWS Cost Management

Category: Best Practices

How unit metrics help create alignment between business functions

Voiced by Amazon Polly   As the last blog in the Unit Metric series (intro, what is unit metric, selecting a unit metric to support your business, unit metrics in practice – lesson learned), we’ll share how unit metrics is instrumental in gaining alignment across business functions. High quality unit metrics create an opportunity to […]

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Unit metrics in practice – lessons learned

Voiced by Amazon Polly We hope by now you have a good grasp of what a unit metric is and how you can create your own to evaluate the efficiency of resources usage or project your future spend. Before you jump into action, here are some of the lessons learned along the way we’ve experienced both […]

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Selecting a unit metric to support your business

Voiced by Amazon Polly   Having discussed what unit metrics are, real-life use cases, and the benefits they offer, we’ll share how you can create a good unit metric. So, how do you pick a good denominator for our unit metric formula? A good demand driver has a statistically significant relationship to cloud usage. We are […]

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What is a unit metric?

Voiced by Amazon Polly From time to time, customers will ask me questions like, “my AWS bills are going up and I don’t know whether that’s a good thing or a bad thing?” Did the bill go up because you’re operating more workloads in the cloud or is it because you’re using AWS inefficiently? Perhaps […]

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We want to hear from you!

This year, as the world is still coping with the post-vaccine new normal, cloud cost efficiency and optimization will remain at the top of the agenda. As we are improving our product capabilities, your user experience is at the center of everything we build. We invite you to share your feedback with us, come meet your peers, and share your success stories.

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Echoing Andy’s AWS re:Invent 2020 Keynote for Technology Financial Management Success

Andy Jassy shared 8 core reinvention guidelines in his 2020 AWS re:Invent keynote. These guidelines are key to keep organizations stay successful and translate well into IT Financial Management. Learn from his speech and our recently published “AWS Cloud Financial Management Guide” about how you can establish effective technology financial management in order to fully realize the value of your investment.

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Cost Control Blog Series #2: Automate Cost Control using AWS Service Catalog and AWS Budgets

Customers let us know that they want native, automated spend management capability at the point of self-service resource provisioning. AWS Service Catalog allows you to pre-approve services for your users. With its integration with AWS Budgets, you can create and associate budgets with portfolios and products, and keep your developers informed the resource costs for them to run cost-aware workloads. In this blog post, we will walk you through how you can set up a serverless automated workflow to govern the cost for your AWS Service Catalog portfolio.

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Adapting procurement to payment (P2P) with AWS Purchase Order Management

Procurement and Account Payable (AP) teams are critical players in the IT Financial Management process.  They ensure the accurate and punctual purchase and payment of technology resources that organizations need. From the “traditional technology consumption” era, when organizations had a more structured approval and procurement cycle to acquire and stand up physical infrastructures, to the […]

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Cost Control Blog Series #1: Good intentions don’t work, but cost control mechanisms do!

Gartner estimates a 70% overspend on cloud resources by organizations who do not have a defined plan for cloud cost management. While cloud brings lower Total Cost of Ownership (TCO), an effective billing management and cost control mechanism is required to make sure you only pay for what you need, and it also empowers your […]

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AWS Well-Architected Cost Optimization Labs Updated

AWS’s breadth of resource options and purchase models allow you to design your infrastructure in a most cost-efficient way possible.  You can start by identifying idle and underutilized resources with services such as AWS Cost Explorer Recommendations, matching your resource capacity with business demand using services such as Instance Scheduler, and taking advantage of discounted […]

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