AWS Cloud Architecture Design Principles Cloud Financial Management Embrace a Consumption Model Reduce Expenses on Indifferent Heavy Lifting Keep Track of Efficiency Track Expenditure and Attribute them the right way

Embrace a Consumption Model

Why pay for resources when you aren't using any of them? An excellent way to cut down on the unnecessary costs is by adopting a Consumption Model. What this implies is that you only pay for the resources that you use at a given point in time. If the test environment is used only for 12 hours a week, the billing is done for the said 12 hours and no more. This helps cut down costs dramatically

Reduce Expenses on Indifferent Heavy Lifting

Remember the amount you paid for the backend maintenance and management job? Or the charges levied for tasks such as racking, powering servers, etc.? Too much, isn't it? With AWS cloud solutions, you can simply ward off the expenditures on such heavy lifting jobs. Apparently, AWS does the job for you, helping you cut down unwanted expenses.

Keep Track of Efficiency

Imagine the cost of production being x, the cost of delivery y, and the output by z. Now, if (x+y) is greater than z, your business isn't doing well. Hence, it is important to keep tabs on each and every expense and then determine your overall efficiency. This helps attain a better view of your organization and its productivity.

Track Expenditure and Attribute them the Right Way

Finally, use AWS to identify the workload, its cost, and usage to attribute them in the best possible way. When your cost structure remains transparent, the IT team can better understand the expenses and take measures to reduce the same.