Key Lessons for Managing AWS Spend

Cloud Fix has analyzed over a billion dollars of spend on AWS and shares key lessons learned. The first lesson is to optimize compute, as only 6% of compute resources are effectively utilized. Switching to the latest generation of AMD processors and right-sizing instances can improve resource utilization and reduce costs. The second lesson focuses on storage, particularly S3. S3 intelligent tiering can move objects to cheaper storage tiers, saving up to 90% on storage costs. Properly utilizing volume storage, such as switching from GP2 to GP3 volumes, can also improve cost-efficiency. The third lesson covers networking costs, emphasizing the need to manage egress charges, create VPC endpoints, and carefully consider multi-region redundancy. Lastly, the fourth lesson highlights RDS (Relational Database Service) optimization. AWS Aurora, a high-performance and cost-efficient database, offers scalability and capabilities that traditional relational databases lack. Migrating to Aurora can improve performance and reduce costs.