Cost savings in aws

AWS EC2 Cost Optimization Strategies

1. Check and Terminate Low-Used Instances

   • Identify idle or underutilized EC2 instances.
   • Terminate or downsize instances to reduce expenses.
   • Use AWS Billing and Cost Management tool to detect unused instances.
   • Utilize AWS Operations Conductor for automatic right-sizing.

2. Optimize Spot Instance Usage

   • Spot instances offer significant cost savings but can be interrupted.
   • EC2 provides two signals for failover:
     • Spot Instance Interruption Notice (2-minute warning before termination).
     • EC2 Instance Rebalancing Suggestion (proactive notification before the 2-minute warning).
   • Configure spot instances to stop or hibernate instead of terminating.
   • Rebalance workloads to