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Altimetrik Cost Optimization

Altimetrik's Cost Optimization service helps organization to make efficient use of cloud resources to run their workloads. It helps to leverage benefits of cloud with the use of services that suit the workload needs and measure overall efficiency.

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About

Key offerings:

Establish cloud budgets and forecast: Adjusting existing forecasting and budgeting processes to be compatible with the highly variable nature of cloud costs and usage.

Conducting Well Architected Framework review for Cost Optimization: Understanding spending over time and selecting resources of the right type and size and scaling as per demand to meet business needs without overspending.

Report and notify on Cost Optimization: Set up budgets and implement mechanisms to detect anomalies in usage. Configure tools for cost and usage alerts against pre-defined targets and receive notifications when any usage exceeds those targets.

Develop policies based on your organization requirements: Develop policies that cover the cost aspects of resources and workloads, including creation, modification and decommissioning over lifetime of resources.

Implement groups and roles: Creating groups and roles that align to policies and control who can create, modify or decommission instance or resources in each group.

Configure billing and cost management tools: Use services, tools and resources to organize and track cost and usage data, enhance control through consolidated billing and access permission, lower cost with resources and pricing optimizations.

Perform pricing model analysis: Analyze each component of the workload. Determine if the resources and components will be running for extended periods (for commitment discounts) or dynamic and short-running (for spot or on-demand).

Used AWS Tools and Services

AWS Well-Architected Framework

AWS Pricing Calculator (to estimate your AWS use case and future cost based on expected traffic)

AWS Trusted Advisor or AWS Compute Optimizer (Review cost optimization recommendations)

Amazon CloudWatch, Amazon SNS or Amazon SES (Get notifications for resource deployments at the organization level)

AWS Cost and Usage Reports (Summarize all cost and usage information)

AWS Budgets or AWS Cost Anomaly Detection (When cost or usage exceeds defined limits and anomalies occur)

AWS Control Tower or AWS Organization (for multi account architecture to build effective governance mechanism)

AWS Pricing Models (On-Demand, Savings Plans, Spot, Reserved Instances)

IAM (Implement groups and roles that align with policies)

AWS Cost Explorer (View your cost and usage)

Amazon QuickSight (With AWS Cost and Usage Report (CUR) data, to provide highly customized reporting with more granular data)

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