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Cost Optimization: The best way to run a continuous optimization cycle　

Lv200

Lv200

8/24/2024 20:00 (UTC)
Session Info

I will talk about cost and financial management strategies aimed at optimizing the ongoing costs of cloud environments, and explain specific methods for maximizing the efficiency of AWS resource usage and reducing wasteful spending.

Based on actual cases, I will introduce the practice of forecasting usage and formulating budgets based on it, and further organize the necessary elements of FinOps and explain how to put it into practice.

This talk is targeted at anyone who wants to use AWS efficiently.

Keita Higaki

Keita Higaki

- AWS Top Engineers(APN) -

- AWS All Certified Engineers(APN) -

Session Category
Cloud financial management
AWS Services
AWS Forecast
AWS Cost Explorer
AWS Budget
Trusted Advisor
Session Materials
Session Archive
Session Summary (by Amazon Bedrock)
    The speaker discusses the best methods for cost optimization and sustainable cycles in cloud computing. They recommend a continuous cost optimization cycle that involves: 1. Visualization: Use dashboards and Amazon QuickSight to visualize AWS costs and usage reports. 2. Optimization Actions: - Quick wins: Selecting appropriate instances, stopping unused resources, and scaling resources based on demand. - Architecture optimization: Implementing serverless architectures and using services like AWS Cost Explorer and Compute Optimizer. 3. Planning and Forecasting: Use tools like Amazon Forecast and Cost Explorer to predict costs and set budgets. The speaker emphasizes two categories of cost optimization: 1. Quick wins (immediate actions) 2. Cloud-native architecture optimization They discuss various purchasing options for AWS resources, including on-demand, spot instances, and reserved instances, based on workload characteristics. The importance of replacing traditional architectures with serverless options is mentioned, but the speaker cautions about the trade-off between cost savings and the effort required for such replacements. To maintain a sustainable optimization cycle, the speaker recommends: - Integrating IT and finance departments - Creating cross-functional teams - Establishing processes for both individual workload optimization and overall cost management The speaker concludes by emphasizing the importance of visualizing costs, implementing case studies, incorporating automation solutions, and forming cross-functional teams to achieve sustainable cost optimization in cloud environments.

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