Tag: AWS Cost Management
As the number of research workloads in the cloud grows, researchers face challenges in managing strict budgets with unpredictable workloads and fluctuating needs. Researchers must be frugal with time and money to further their goals in performing cutting-edge and important research. AWS provides many methods for effective cost management that can support organizations in their efforts to optimize the use of grant-based funds.
Before building in the cloud, government agencies need to determine how they want to allocate cloud costs in accordance with their jurisdictions’ transparency requirements and legislative oversight. A cloud cost allocation strategy–deciding how to distribute cloud costs to the users or beneficiaries of those incurred costs in a pre-defined way—is a foundational part of any agency’s cloud journey. Even though every organization’s cost allocation model may be unique, there are some common patterns, approaches, and best practices that you can leverage to design an effective strategy to meet your organization’s needs.
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.