Basic Guide: How We Improved Our AWS Pricing And Cost Optimization?

1. Basic Guide: How We Improved Our AWS Pricing And Cost Optimization? Amazon Web Services (AWS) helps us to move faster, reduce costs through a broad set of global compute, storage, database, analytics, application, and deployment services. One of the main benefits of AW services is the ability it gives us to optimize costs to match our needs, even after our needs change. In AWS you are paying for the services you use. Most of the time you don’t have to make any upfront payment. It is helpful for the volatile demands of the customers. AWS offers three payment models: Pay-as-you-go​: AWS offers us a pay-as-you-go approach for pricing for over most of the cloud services. In this option, we can pay only for the individual services we need, for as long as we use them, and without requiring long-term contracts or complex licensing. We have to pay for the services you consume, and once we stop using them, there are no additional costs or termination fees. This allows us to easily adapt to changing requirements without overcommitting budgets and improving your responsiveness to changes. Save when you reserve​: For certain services like ​EC2 and RDS, we can reserve the instances. With Reserved Instances, we can save up to 75% over the same on-demand capacity. When we purchase the Reserved Instances, the larger the upfront payment, the greater the discount. Payless by using more​: In this option, we can get volume-based discounts and realize important savings as our usage increases. For some services like S3, the more we use, the less you pay per GB AWS services do not have complex dependencies or licensing requirements, so we can get exactly what we need to build innovative, cost-effective solutions as per our need.