You’ve heard about the cloud and how it can help your organization thrive. But, like many organizations, you may be spending more than you expected.
While there is no reason why any enterprise should be in denial about the clouds impact on their business today, there is room for uncertainty and hesitation when it comes to the amount of spend you're putting into your cloud enviornment.
If you're not careful when implementing a strategy around leveraging this powerful tool (or if you've simply never thought much about using it), then there are plenty of ways for things to go wrong—and fast! In 2021 alone, 39% of organizations reported that they overspent their cloud budget because they underestimated how much these services would cost them per month during those first few months on-premise deployment.
There's two ways to reduce your AWS cloud bill: use less resources or pay less for the resources you're using.
Do you know how much your AWS bill is?
There's two ways to reduce your AWS cloud bill: use less resources or pay less for the resources you're using. The first option is easy enough, but the second one can be a bit more challenging.
Some companies just don't realize how much they're paying in cloud computing costs each month and year. Many times this results in a significant surprise when they finally do get their hands on an invoice or credit card statement from Amazon Web Services (AWS).
How to reduce cloud waste and use less cloud resources:
There is no one-size-fits-all solution to the conundrum of reducing your cloud waste, but there are several tactics that can help you save money on AWS cloud costs.
First, look for ways to optimize your spend within AWS itself. If your application can be run with spot instances, then it's likely you'll save some money. You could also use reserved instances, which are bought up front at a discounted rate but still allow you to use the same type of instance or instance family as regular on demand instances (with different pricing). This method doesn't always make sense for every business though—it depends on whether or not your applications' usage patterns match up with these prices perfectly over time.
How to pay less for the cloud resources you're using:
While you are taking a look under the hood of your AWS environment, you should also take a look at where you are overspending and see if there's room for optimization. For instance, take a look at your cloud map and see if there are any regions that are less expensive than others where you could be hosting your data. Then compare the price with other regions of similar size and geographical proximity. This can help you identify where you're paying too much for resources.
Once you've identified where you're spending too much money on AWS services, it's time for some changes!
Tenacity can not only help you get a clear view of where your assets live and how much they are costing you, but our savings recommendations can also give you a real-time view of where you can be saving.
So, there you have it. There’s nothing stopping you now from spending less and getting more out of your AWS cloud. Click here to Sign Up for Tenacity today and see where you can be saving in AWS.
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Reflections on effective cloud security and cost management from Tenacity and friends.