Category: AWS Cloud Financial Management

With a new round of funding, the US federal government has the opportunity to advance the largest government-wide technology modernization program in a generation. As part of the American Rescue Plan that was signed into law in March, federal agencies are eligible to modernize their mission delivery with additional money available in the Technology Modernization Fund (TMF). Cloud computing offers a variety of solutions agencies can consider for TMF projects.

Now more than ever, nonprofits have to optimize their costs and stretch their funds to maximize dollars invested in their mission. Often, nonprofits evaluate efficiency based on their operating expenses. For many, this means turning to the cloud to eliminate the upfront costs of buying servers and building data centers. With the cloud, nonprofits can better understand their bills, uncover foundational strategies for optimizing costs, set up budget alerts, and track costs and usage so they only spend on resources that they need.

While moving to the cloud saves cost when compared to on-premises IT models, it is important to inspect possible mistakes that could lead to unplanned cloud costs. Based on customer cost optimization consultations with AWS, some organizations have seen up to 33% reduction in cloud spending waste. Here we provide some tips and resources to recognize cloud cost optimization. What are some other common oversights customers make that can drive up their cloud spend? Avoid the following missteps.