You can implement any number of best practices to lower Amazon EC2 Instance costs, but maintaining lower EC2 costs without effective cloud governance can be difficult. CloudHealth enables you to maintain lower EC2 costs by using policy-driven automation to manage your AWS assets.
Many businesses trying to lower EC2 costs have enjoyed temporary success, but then see costs spiral out of control once again due to a lack of effective cloud governance. The “solution” for some businesses is to review their AWS assets on a periodic basis and cut costs wherever the opportunity arises. However, in between these periodic cost-cutting exercises, businesses are paying more than necessary for cloud services and contributing to cloud waste.
A more effective solution is to use a cloud management platform such as CloudHealth in order to maintain lower EC2 costs by leveraging g policy-driven automation. With this solution, all you have to do is create the cloud governance policies you want to implement and allow CloudHealth to monitor your AWS environment. Our cloud management platform will notify you whenever an event occurs - or is likely to occur - that violates a policy so you can take the appropriate action.
The most common best practices to lower EC2 costs are rightsizing, scheduling, taking advantage of Reserved Instances, and terminating unused “zombie” assets. Depending on the number of your AWS assets, carrying out these best practices manually can be a sizable task.
CloudHealth will analyze the utilization of each instance and identify any candidate for rightsizing, along with their optimal configurations. This process not only helps you lower EC2 costs, but also improve utilization if there are candidates for downsizing.
Many businesses are aware that scheduling start/stop times for non-production EC2 Instances can lower EC2 costs. With CloudHealth you can create policies to stop your instances on weekends and start it back up on the weekdays.
Reserved Instances can lower EC2 costs by up to 70%. CloudHealth will recommend opportunities to lower EC2 costs by purchasing Reserved Instances.
Even if your business’s AWS users are on the ball when it comes to terminating EC2 Instances, the likelihood is there will be unused Elastic IP addresses, unattached EBS volumes, and obsolete snapshots in your inventory. CloudHealth can identify these and notify you of them.
Once the cost optimization process is completed, you can maintain lower EC2 costs by taking advantage of CloudHealth’s automation capabilities. To do this, you simply create a policy that tells our cloud management platform what to look out for and what action it should take when it identifies a violation or potential violation of a policy. The following is a selection of simple policies you could apply to your AWS inventory in order to maintain lower EC2 costs:
If your business is periodically performing cost-cutting exercises, it could be worth your while to investigate our cloud management platform and see for yourself how easy it is to maintain lower EC2 costs by using policy driven automation.
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