By tailoring the services keeping capacity requirements in the mind, customers can cut costs and they can avoid overprovisioning or compromising on capacity. They can adapt their bundle of services to meet real business demands at any time without having to worry and pay penalties or any kind of incidental charges. As the demands of the enterprise change, the AWS provides flexibility to let the customers switch easily to services that meet their new business requirements. The business and its needs are at the center of the AWS pricing model and not the other way round.
Use of Spot Market
You can bid on extra Amazon EC2 computing capacity using the Amazon EC2 instances. Spot instances are often discounted in comparison to the on-demand pricing, you can greatly reduce the application running cost, can enhance the computing capacity of your applications, as a result, increase the throughput with the identical budget, and also add new cloud applications to your service basket. Spot instances can be about 90% cheaper than on-demand instances. AWS gives the option of short-term scaling of resources to meet the current needs and this service keeps cost from escalating.
Use monitoring tools and track usage
Amazon CloudWatch helps gather and watch metrics, monitor log files, schedule alarms and spontaneously respond to changes in the AWS resources. It lets you check the health of your operations, performance of applications and view the resources being utilized in the system. Trusted Advisor is another tool to help increase security and dependability, save money and look for new offers. With Autoscaling, customers can smoothly match to increasing or decreasing business needs and requirements.
Save when you reserve
Amazon EC2 and Amazon Relational Database allow investment in reserved computing capacity. Reserved instances let you save up to 75% of the money in contrast to an equal on-demand capacity. All up-front, partial up-front and no up-front are the three types of reserved instances. Discount in reserved instances is directly proportional to the up-front payment. If you want to earn the highest discount, pay all up-front. If you want to keep capital free for other projects, then you can go for no up-front payment and receive a lesser discount. Reserved capacity is used by companies to reduce risks and manage budgets in a more foreseeable manner.
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