Cloud spending can quickly spiral out of control without proper governance. Here are proven strategies to optimize your AWS and Azure costs while maintaining performance.
Top 10 Strategies
1. Right-size your instances: Many organizations over-provision resources. Regular analysis of actual usage can identify opportunities to downsize. 2. Use reserved instances and savings plans for predictable workloads. 3. Implement auto-scaling to match capacity with demand.
4. Delete unused resources—orphaned volumes, old snapshots, and idle load balancers add up. 5. Use spot instances for fault-tolerant workloads. 6. Optimize storage tiers based on access patterns.
7. Implement tagging strategies for cost allocation. 8. Set up budgets and alerts. 9. Consider multi-cloud strategies for workload optimization. 10. Regularly review and renegotiate enterprise agreements.