What are the four best practices of cost optimization in AWS?

AWS suggests focusing on the four pillars of cost optimization: right-sizing, reserved instances, elasticity, and a measure/monitor/improve approach.

What is the key service for cost optimization in AWS?

Cost Explorer
In AWS you can use Cost Explorer, and optionally Amazon Athena and Amazon QuickSight with the Cost and Usage Report (CUR), to provide cost and usage awareness throughout your organization. AWS Budgets provides proactive notifications for cost and usage.

What is the native tool available in AWS and Azure for cost optimization?

AWS and Azure invested heavily in native tools to enable their customers to maximize their cloud investment and reduce their monthly bills. These native tools include cost visibility and reporting and cost optimization recommendations based on best practices.

What are the tools available for cost optimization?

AWS Kubernetes/Container Cost Optimization Tools

• Amazon ECS. Amazon Elastic Container Service (Amazon ECS) is a fully managed container orchestration service.
• Amazon EKS.
• Kubecost.
• GitLab.
• Replex.io.
• Spot Ocean.

What is cost optimization?

Cost optimization is a business-focused, continuous discipline to drive spending and cost reduction, while maximizing business value. It includes: Obtaining the best pricing and terms for all business purchases. Standardizing, simplifying and rationalizing platforms, applications, processes and services.

What are the four areas of focus for cost optimization pillar Questions?

AWS breaks down cost optimization in the cloud down into four key areas of focus:

• Cost-effective resources.
• Matching supply with demand.
• Expenditure awareness.
• Optimizing over time.

What is azure cost optimization?

Cost Management is a free tool built into the Azure portal. Azure provides additional tools for cost planning and optimization, including the Azure Advisor, Cost Calculator, Cost Analysis, Azure Budgets, and Cloudyn, which lets you track resource usage and expenditure for Azure alongside other clouds.

Which are the drivers of cost optimization AWS?

Understand the fundamentals of pricing There are three fundamental drivers of cost with AWS: compute, storage, and outbound data transfer.