AWS Service: AWS Budgets
Question: How can AWS Budgets be used to identify and address cost overruns or spikes in usage?
Answer:
AWS Budgets can be used to identify and address cost overruns or spikes in usage in a few ways:
Set up custom alerts: AWS Budgets allows users to set up custom alerts for specific cost or usage thresholds, such as when a certain percentage of a budget has been used up or when a specific service has exceeded a certain usage level. These alerts can be configured to send notifications via email, SMS, or SNS to notify relevant parties when a threshold has been reached or exceeded.
Monitor usage patterns: AWS Budgets provides detailed usage reports and analytics that can help users monitor usage patterns over time. By analyzing historical usage data, users can identify trends or anomalies that may be driving unexpected costs, and take action to address these issues.
Implement cost-saving measures: AWS Budgets can also be used to implement cost-saving measures, such as identifying idle resources or underutilized services, and taking action to reduce or eliminate these costs. Users can also take advantage of AWS cost optimization tools, such as Reserved Instances or Savings Plans, to reduce costs and optimize usage over time.
By using a combination of these strategies, users can effectively identify and address cost overruns or spikes in usage, and optimize their AWS costs over time.
Get Cloud Computing Course here
