Cost Optimization &FinOps

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Why?

While most AWS implementations are designed with cost monitoring and optimization in mind, there is often untapped potential for further savings. The challenge lies in identifying the final 15-20% of savings, which can be difficult to pinpoint without expert guidance. This is where an experienced AWS partner, like Several Clouds, becomes invaluable.

Engaging a team of skilled AWS professionals with a focus on cost optimization is a highly effective strategy for AWS customers. It’s one of the fastest and most cost-efficient ways to save both time and money. Here are some of the expected benefits that can be achieved in only a couple of weeks time:

  • Potential Cost Savings:
    Typically, 15-20% of current AWS expenditure can be saved.
  • Quick Implementation:
    60% of opportunities identified by Several Clouds can be executed in less than a month.
  • Immediate Wins:
    A set of actionable "quick wins" that can be implemented in the short term.
  • Long-Term Strategy:
    A clear strategy for future cost optimization and a roadmap to reduce cloud expenses over time.

What?

Organizations need to maintain financial accountability while maximizing business value from their AWS investments. As cloud usage grows, implementing cost optimization and FinOps practices becomes crucial for sustainable cloud operations. Several Clouds assists its Clients in achieving steady improvement across several areas:

  • Improved resource utilization
  • Enhanced budget forecasting and planning
  • Better visibility and control over cloud costs
  • Reduced cloud spending and improved ROI
  • Stronger alignment between IT spending and business objectives
  • Elimination of waste and unused resources

What are the Benefits?

AWS cost management is a complex topic, heavily influenced by the specific set of services and how they are implemented. By analysis and optimization in several key areas, significant savings can often be realized.

Commitment to Usage

Longer commitment periods (1-3 years), compared to On-Demand pricing, can provide significant savings in terms of Reserved Instances, Compute and Machine Learning Savings Plans. Many AWS clients are already committed to certain usage or have taken advantage of the up-front payment discounts. Several Clouds provide analysis and recommendations on how to maximize the benefits of these programs. In many cases, there is some discount percentage left on the table.

Infrastructure Optimizations

Detailed analysis of the current infrastructure setup often reveals opportunities for cost optimization through Rightsizing, Resource Clean-up and eventual Re-architecture. Example: Migrating certain workloads to AWS Gravton-powered instances can significantly reduce cost due to their increased efficiency.

AWS Resell Program

AWS Resell through Several Clouds provides a 5% discount on AWS services. Custom AWS pricing and additional discounts are available in some cases for options like Reserved Instance sharing and CloudFront.

AWS Credits

AWS provides credits on multiple programs. Example: PoC credits - Proof-of-Concept (POC) funding is for small-scale projects (<$250K ARR). POC projects can help grow their AWS utilization by optimizing current solutions and introducing new AWS products where applicable. AWS can provide up to 10% of the ARR.

How?

The duration of a Cost Optimization project varies based on the size and complexity of the AWS Implementation. Several Clouds follows a structured approach that is proven to be effective and provides tangible results typically in the first couple of weeks.

Initial Assessment & Discovery

A comprehensive evaluation of AWS environments to understand usage patterns and identify opportunities for improvement.

Cost Analysis

A deep dive into the current AWS costs, highlighting areas of inefficiency or waste.

Infrastructure Optimization Strategy Proposal

A tailored proposal outlining how to optimize infrastructure, reduce costs, and improve resource utilization.

Implementation

A focused execution phase, where the identified optimizations are implemented with minimal disruption to Client’s operations.

Ongoing Optimization & Management

Continuous monitoring and fine-tuning to ensure long-term cost efficiency and sustainable cloud operations.

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