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Cost Optimization Strategies - Coggle Diagram
Cost Optimization Strategies
Appropriate Provisioning
provision only what you need & not more
stop running instances
be aware what you need and what not
Consolidate where possible for greater density and lower complexity (multi-database RDS, containers)
use CloudWatch to monitor utilization
Right Sizing
using lowest cost resource that still meets tech spec
Architect for consistent use
avoid spike & valley architectures
loosely coupled architectures help to achieve consistent use
SNS, SQS, Lambda, DynamoDB
Purchase Options
for permanent Apps buy RI
Spot INstances for best temp horizontal scaling
EC2 Fleet
define mix of on demand, Spot, RI
Managed Services over Self managed
RDS over EC2
Cost saving thorugh lower complexity and manual intervention
RDS, RedShift, Fargate, EMR
Regional Pricing
consider another region to get better pricing for some resources
resources are priced differently in different regions
Optimized Data Transfer
Outgoing data between regions can become a cost factor
Direct Connect can be a more cost effective option
given data volume and speed