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5 Best Tricks for AWS Cost Optimization Tips to Reduce Your Cloud Bill

5 Best Tricks for AWS Cost Optimization: Tips to Reduce Your Cloud Bill

AWS has become the go-to cloud platform for businesses of all sizes. AWS offers a wide range of services and features that can be used to power any type of business. However, with this great power comes great responsibility – and a high AWS bill! but don’t worry we got your back. In this blog post, we will discuss 5 tips for AWS cost optimization that will help you reduce your monthly cloud bill.

5 Best Tricks for AWS Cost Optimization: Tips to Reduce Your Cloud Bill

AWS has become the go-to cloud platform for businesses of all sizes. AWS offers a wide range of services and features that can be used to power any type of business. However, with this great power comes great responsibility – and a high AWS bill! but don’t worry we got your back. In this blog post, we will discuss 5 tips for AWS cost optimization that will help you reduce your monthly cloud bill.

May 06, 2022
Author by Suraj

 

Understand Your Website Traffic

One of the best ways to understand how you can optimize your AWS costs is to take a look at your website traffic. By understanding which pages are being accessed the most, you can make sure that you’re not overpaying for resources that aren’t being used. There are a few different tools that you can use to track your website traffic, but we recommend Google Analytics.

Once you have a good understanding of your website traffic, you can start to make changes to your AWS resources. For example, if you notice that most of your traffic is coming from a single region, you can consider changing your AWS resource locations to be closer to that region. This can help reduce latency and improve performance for your users.

Another way to reduce your AWS costs is to take advantage of AWS Lambda. AWS Lambda is a serverless computing platform that allows you to run code without provisioning or managing servers. This can help you save on costs because you only pay for the compute resources that you use. Additionally, AWS Lambda can

Increasing or decreasing the number of EC2 instances

If you want to AWS cost optimization, one way to do it is by changing the number of EC20 instances that you use. You might need more instances during certain periods of high demand and less during other times. By scaling up or down the number of instances, you can help reduce your AWS costs.

Another way to optimize AWS costs is by using Spot Instances. Spot Instances are available at a discount because they can be interrupted by Amazon EC@ if needed for capacity elsewhere. But if you don’t mind the potential for interruption, Spot Instances can offer a significant savings.

You can also save money on AWS costs by using Reserved Instances. Reserved Instances provide a significant discount (up to 75%) compared to On-Demand pricing. By reserving capacity in advance, you can save a lot of money on AWS costs.

Lastly, you can use AWS Cost Explorer to help you understand and identify your AWS costs. AWS Cost Explorer provides a cost-effective way to see your AWS usage and costs. It also provides AWS cost optimization recommendations.

AWS storage optimization

If you’re looking to optimize your AWS costs, one area you can’t afford to neglect is storage.AWS storage is a notoriously expensive part of the AWS ecosystem, and it’s important to take care when configuring your storage options. These five tips will help you get the most out of your AWS storage and keep costs down.

Use the Right Storage Type for Your Data

One of the simplest ways to optimize your AWS storage costs is to use the right storage type for your data. AWS offers a variety of storage types, each with its own cost structure.

For example, Amazon S33 Standard is a great option for frequently accessed data that doesn’t require extreme durability, while Amazon Glacier is perfect for long-term data storage that you don’t need to access often.

Using the right storage type for your data can help you reduce your AWS storage costs by up to 50%. So it’s definitely worth taking the time to understand the different options and choose wisely.

Use Lifecycle Policies to Automatically Move Data to the Right Storage Tier

AWS Lifecycle Policies are a great way to automatically optimize your AWS storage costs.

Lifecycle policies let you specify how long data should be stored in each storage tier, and automatically move data to cheaper storage options when it’s no longer needed.

For example, you could set a lifecycle policy to move data from Amazon S33 Standard to Amazon Glacier after 30 days. This would help you reduce costs by ensuring that data is only stored in the more expensive S33 Standard storage tier for as long as necessary.

Applying lifecycle policies can help you reduce your AWS storage costs by up to 70%. So it’s definitely worth taking the time to set up your policies correctly.

Reduce Your Data Footprint with Data Compression

One easy way to reduce your AWS storage costs is to compress your data. By reducing the size of your data, you can store more of it in a smaller footprint, which reduces the amount of space you need and therefore the cost.

There are many different ways to compress data, but one popular option is to use gzip compression. Gzip is a lossless compression algorithm that can be used to compress any type of file.

To use gzip compression on your AWS storage, you can use the AWS CLI. The AWS CLI is a tool that allows you to manage your AWS resources from the command line.

Data-intensive applications

AWS offers a variety of ways to optimize costs for data-intensive applications. Here are five of the best:

– Use the right storage class for your data

– Use auto scaling

– Use Spot instances

– Use reserved instances

– Use AWS cost optimization tools like AWS Trusted Advisor and AWS Cost Explorer.

Queuing Jobs

AWS cost optimization can be a difficult task for even the most experienced cloud engineers.

One way to optimize your AWS costs is to queue jobs. By queuing jobs, you can ensure that your AWS resources are used efficiently and only when necessary. This can help you avoid overspending on unnecessary resources.

By queuing images, video or other docs you can save up to 50% on your AWS costs. By reserving capacity in advance, you can get significant discounts on your AWS bill.

By following these tips, you can significantly reduce your AWS bill and improve your AWS cost optimization. Do you have any other tips for AWS cost optimization? Share them in the comments below!

Conclusion:

So there you have it – a few tips on how to understand your website traffic, increasing or decreasing the number of EC2 instances depending on the set conditions, AWS storage optimization and data-intensive applications. We hope these help you out as you continue to grow your business. If you need any help along the way, don’t hesitate to contact us – we’d be happy to assist!

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