We hear questions like this on a weekly basis from CIOs who are getting a dose of reality as they watch their AWS bill go up every month like Amazon stock. IT leaders are initially excited about the potential benefits of their cloud migrations. The cloud offers increased scalability, performance, security, and flexibility--but it comes at a cost. If you manage that cost with skill and attention, the cloud can be significantly cheaper to operate than your legacy infrastructure. If neglected, however, high costs can cause you to pump the brakes on your cloud deployments in order to stay within budget.
Not managing AWS costs proactively is more harmful than just the dollars and cents you’re wasting--it costs you the opportunity to fully realize the benefits of the cloud in order to transform your business.
In fact, according to 451 Research, just over half of companies that recently moved to the cloud cite high costs as a significant pain point. These people were genuinely surprised by how quickly their bill got out of hand, because they thought the opposite would happen -- what a bitter pill to swallow! Companies choose AWS in the first place because of its unrivaled economies of scale and a history of consistent price cuts year after year, but they quickly realize that cloud costs don't manage themselves. You need a proactive strategy.
Luckily, cost optimization is a discipline you can master. Read on to learn what you can achieve when you have the right tools and the right strategies.