AWS Cost Optimization – Best Practices and Tools

Cloud adoption has become a standard due to its scalability and cost-effective nature. However, improper planning and monitoring can lead to higher costs. This post explores cloud cost optimization strategies and best practices for efficient utilization of cloud resources. It covers various pricing models, design principles, practical tips, and tools that help in cost optimization. Some key points include adopting consumption-based resource allocation, using the right compute instances and storage classes, leveraging AWS Cost Explorer, implementing Infrastructure as Code (IaC), and utilizing serverless solutions. Additionally, several best practices and tools are discussed to aid in cloud cost optimization.