How to Create an Effective Tagging Strategy for Cost Management in AWS
In the world of AWS, it is important to be strategic with your tagging strategy. By defining specific tags for cost allocation, using those tags to organize your resources, you can easily track how much you are spending and on what, which is critical for cost management. Achieving this requires understanding both the tagging model […]
How to Reduce Amazon EC2 Costs – part 2
Welcome back to part 2 of our series on “How do I reduce my Amazon EC2 costs?”. Last time we covered the areas that will usually deliver the quickest wins, and the majority of your savings: discount strategy, Spot instances, and rightsizing. How much these will save you obviously depend on your specific environment, and […]
How to Reduce Amazon EC2 Costs – part 1
In this two-part series we’ll talk about a subject which we get asked about quite often: “How do I reduce my Amazon EC2 costs?” Discount Strategy Firstly, it’s important to get your Amazon Elastic Compute Cloud (EC2) discount strategy right. We approach any cost reductions with our 80/20 method, focusing on where the quick wins […]
AWS Cloud Financial Management August Updates
In August you were probably taking some much needed time off, possibly discovering new local delights, or forgoing flights for a staycation. As such we wanted to bring you some interesting updates that you may have missed in the AWS cloud financial management sphere! Several features were released that can aid you in your cloud […]
How to Build a Finance-Tech Bridge and Create an Effective AWS Cost Management Initiative
Early on in the cost optimization process we at Tecflair put in place something which we call the Finance-Tech Bridge, which we strongly believe is crucial to successful use of Amazon Web Services. The Finance-Tech Bridge is all about bringing together the finance team and the tech team, in terms of their cloud drivers, and […]
Making the Most of your AWS Reserved Instances to Grow Your Savings
Savings Plans vs Reserved Instances Back in October 2019, AWS introduced Savings Plans, and a belief that Reserved Instances are dead began. People thought that because of the simplicity and flexibility of some types of Savings Plans, that Reserved Instances wouldn’t have a place anymore. However, that’s just not true. While Standard Reserved Instances have […]
