Many companies struggle with the cost of websites and cloud storage in this technological era, but businesses can still find many ways to save money and lower their costs. Using Amazon Web Services (AWS) can offer several cost savings and a great return on investment if you use AWS correctly.
Image via Flickr by Bruce Clay, Inc
Whether autoscaling groups, automatically terminating resources, or using spot pricing, you can usually automate certain business processes. Autoscale groups by tagging resources by role or environment and setting a scheduled job to turn off and on all development and staging environments at a specified time.
By tagging resources correctly, a scheduled job can stop resources without the required tags. Spot pricing can allow a customer to use on-demand pricing for better savings.
Use Continual Optimization
In order to optimize costs in the AWS cloud, take only what you need and use automated processes to turn off what you don’t.
Scale up at the end of each month by deleting unused, unassociated, expired, and old content. Verify that you are using the instance type that best matches resources required by the application to leverage services. Try to avoid interruption by web crawling and bidding above the on-demand price. Don’t forget to add caching to optimize performance.
Understand the Economics of IT Infrastructure
AWS is constantly lowering prices for computing, storage, caching, and database services for all customers. These adjustments alone can help make AWS a more cost-effective investment. You can calculate your savings using an AWS Total Cost of Ownership (TCO) Calculator.
If you understand the economics, you can use systems such as automatic backups and easy restoration to extend site capabilities, increase the capacity for hosting in the cloud, and improve internal process while still lowering costs. The value of saved time cannot be overstated and can lead to significant savings.
Avoid Mismanagement of AWS Costs
Whether you choose the wrong pricing option, neglect to play the market, or don’t keep up with frequent changes on AWS, costs can easily be mismanaged. Using too many instances or choosing the wrong instance model can also lead to cost mismanagement. Although having automatic backups is critical, too many can increase storage costs. Evaluate your needs to make sure you’re always keeping costs down.
Properly Configure Identity and Access Management to Meet Security and Compliance Requirements
Although Amazon provides access control services to AWS customers, customers must take responsibility to properly configure identity and access management (IAM) to manage users, groups, roles, and permissions.
You can do this configuration by restricting the root account to certain tasks and creating an IAM account for day-to-day tasks. Avoid sharing account credentials and use AWS policies to assign permissions instead of creating your own. To avoid data breaches and compromised accounts, only grant the minimum required privileges. Finally, regularly review privileges to promote compliance with security measures.
By implementing any of the five tactics above, you could save money on your website and allow your company to gain its greatest return on investment possible.