Re:Cloud Cost Control: Best Practices
by boiler_up800 on Thursday May 05, 2022 @07:19AM
(#31271937)
I think this post misses the easiest and often most dramatic savings - making upfront commitments. There’s a concept called coverage that teams can use to calculate how much they can save with no right sizing or other infra changes and often the answer is 50% of the bill. https://vantage.sh/blog/aws-coverage-reserved-instances-savi...
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Upfront commitments aren't cost optimization management, you're simple taking money for reselling reserved instances and if the company spend is large, most likely it will get even better price on savings plan
if wanted to make upfront commitments, I'd get my own data center. What's the point of the cloud when you're locked in?
The point is commitment allows you to optimise cost of baseline capacity. The only real benefits of the cloud are one cost centre, scale out without capex.
Quite frankly if you’re in the cloud you’re locked in one way or another.