Managing costs on AWS cloud

It is important to understand the AWS costing model and parameters so that you are able to track and manage your expenses better. However, there are many different options available and trade-offs involved in terms of infrastructure, services, and their associated costs. Hence, it is key to understand the business requirements and set costs-related objectives to guide your decision-making.

Setting costs-related objectives

There can be different perspectives on objectives depending on who you talk to in an organization. These perspectives are not necessarily conflicting with each other, but it is important to understand them well to approach your decision-making whether from a business, architecture, or operation's perspective. For example, the business perspective could be to pay as little as possible for whatever is used. Architectural goals may direct you toward avoiding waste as much as possible while achieving a more scalable and robust architecture for your...