Understanding AWS cost optimization
Depending on your workloads and specific business requirements, you have access to a wide range of service options and tools to help you optimize for costs, ensuring that you monitor and control your spending. Choosing the right combination of services and deploying the correct resource configurations will help you run a tight ship. Here are some key concepts to bear in mind when architecting solutions for the cloud:
- Choose the right pricing model: You can use On-Demand Instances when you know that you only need the compute resources for a limited amount of time and for a specific short-term project. From a reliability point of view, you need to ensure that there are no interruptions to the service, but you are not going to be using the resources 24/7, 365 days a year. In this case, an on-demand pricing model works well. Alternatively, you can invest in reserved capacity, which can save up to 72% over equivalent on-demand capacity price,...