AWS Service: AWS Budgets
Question: How can AWS Budgets be used to monitor and optimize costs for specific AWS services, such as Amazon EC2 or Amazon RDS?
Answer:
AWS Budgets can be used to monitor and optimize costs for specific AWS services by creating a budget that targets a specific service. This can be done by selecting the service from the list of available services when creating a budget. Once a service-specific budget is created, users can view the current and forecasted spend for that service, set alerts and notifications, and track usage and costs against the budget.
To further optimize costs for specific services, users can leverage AWS Cost Explorer, which provides detailed cost analysis and recommendations for cost optimization. Cost Explorer allows users to drill down into specific services, such as Amazon EC2 or Amazon RDS, to identify areas of cost savings, such as rightsizing instances or modifying reserved instances. Users can also set up custom reports and dashboards to track cost and usage trends over time.
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