December 19, 2019
Comparing AWS Savings Plans and Reserved Instances
Economic benefits are the primary reasons for moving to the Cloud. Unfortunately, many firms, pleased with the initial CapEx and OpEx gains, ignore the opportunity for further AWS cost optimization. They may move their workloads into AWS but retain the strategy they used for hosting on physical infrastructure. Taking this approach will end up costing a small fortune! But this mistake is understandable, what with all the architectural, operational, and financial knowledge in-house technology teams often lack. Or, in-house teams may not have the time or technical know-how to monitor and manage cloud costs. If your firm is in this position, help is available. An AWS Premier Consulting Partner can ensure you get all the scalability and performance of running workloads on the AWS cloud while integrating AWS cost optimization into your ongoing cloud strategy.
A good AWS cost optimization approach begins by gaining a detailed understanding of your current costs, identifying cost optimization opportunities, then implementing changes. AWS and other software vendors provide tools that help customers understand those costs. However, selecting the appropriate tools, analyzing the results, and making changes can be a significant undertaking. So it’s best to work closely with an AWS Premier Consulting Partner to ensure your approach won’t negatively impact performance or security.
AWS provides cost management tools you can use to understand how you’re using resources and to find ways to save.
An experienced AWS Premier Consulting Partner will help you employ these tools to analyze and understand your current costs. With an understanding of your AWS environment and your business goals, they can augment default cost management and usage reports by creating custom dashboards. Some changes your consulting partner may make include:
Working with an AWS Premier Consulting Partner is the best way to lay the foundation for an ongoing AWS cost optimization strategy. And although a firm could continue analyzing its costs and implementing improvements, there are problems that can arise when doing it alone. Many businesses end up under-provisioning resources, impacting performance or security, or failing to take full advantage of the appropriate AWS infrastructure. But not when you work with Mission, an AWS Premier Consulting Partner. We can help you avoid these pitfalls while lowering costs. And with regular monitoring, you can be sure you’ll never miss out on any new opportunities.