Tagging and Cost Allocation:
Implement a tagging strategy for your resources. Tags allow you to allocate costs to specific teams, projects, or applications, making it easier to identify cost drivers.
Use AWS Cost Explorer:
AWS Cost Explorer provides in-depth cost analysis and visualization. Use it to identify cost trends, set budgets, and track costs over time.
Monitor Idle Resources:
Regularly review your resources for idle instances, volumes, and snapshots. Terminate or archive them when they’re no longer needed.
Serverless Architectures:
Consider serverless architectures using AWS Lambda, API Gateway, and other serverless services. You only pay for the compute time used, which can lead to significant cost savings.
Use Trusted Advisor:
AWS Trusted Advisor provides cost optimization recommendations, including identifying unused resources and making Reserved Instance recommendations.
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