Cloud Cost Reduction Techniques 👇

Each technique enables organizations to optimize cloud usage and minimize expenses

𝟭. 𝗥𝗲𝗱𝘂𝗰𝗲 𝗨𝘀𝗮𝗴𝗲:
Optimize resource quantity and size while maintaining application performance (eg:- Trim instances, shrink storage, streamline services)

𝟮. 𝗧𝗲𝗿𝗺𝗶𝗻𝗮𝘁𝗲 𝗜𝗱𝗹𝗲 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:
Identify and terminate any idle or unused resources such as instances, databases, or storage volumes

𝟯. 𝗥𝗶𝗴𝗵𝘁 𝗦𝗶𝘇𝗶𝗻𝗴:
Right-size instances to match application needs of your applications

𝟰. 𝗦𝗵𝘂𝘁𝗱𝗼𝘄𝗻 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 𝗗𝘂𝗿𝗶𝗻𝗴 𝗜𝗻𝗮𝗰𝘁𝗶𝘃𝗲 𝗣𝗲𝗿𝗶𝗼𝗱𝘀:
Implement automated processes or schedules to shut down non-critical resources during inactive periods

𝟱. 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝘁𝗼 𝗥𝗲𝗱𝘂𝗰𝗲 𝗥𝗮𝘁𝗲:
Leverage discounted pricing options such as Reserved Instances, Savings plans based on your workloads

𝘉𝘰𝘯𝘶𝘴 𝘛𝘪𝘱:
Spot Instances and lower-cost storage tiers usage isn't a bad idea too

𝟲. 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗲 𝗗𝗮𝘁𝗮 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀:
- Leverage data compression and CDNs to lower bandwidth charges
- Minimize data transfer costs with smart resource placement and intra-region transfers

𝗡𝗼𝘁𝗲:
It’s recommended to carefully consider the impact on your specific workloads and seek expert advice as necessary