This course provides an introduction to cost management in AWS. It starts by looking at the economics of the cloud in general, including economies of scale and total cost of ownership, and you'll also learn why cost optimization is important.
We'll also cover the AWS Pricing Calculator and the AWS Well-Architected Framework and how these allow you to optimize your AWS environment and also calculate how much it will cost. We round off the course by taking a look at terminology across areas including software development, DevOps, finance, and general AWS terminology.
Learning Objectives
- Get a foundational understanding of cost optimization in AWS
- Learn the fundamentals of cloud economics including economies of scale, total cost of ownership, and why cost optimization is important
- Learn about the AWS pricing calculator
- Learn about the AWS Well-Architected Framework and how it can help to make your AWS environment more efficient and cost-effective
- Understand a range of terminology linked to cost management in AWS
Intended Audience
This course is intended for cloud architects, business management, or anyone looking to manage their costs effectively in AWS.
Prerequisites
To get the most out of this course, you should already have some experience with the AWS platform.
Every department and every job has its own language. When people from different areas meet, communication is often difficult because important terms are not familiar to the other side.
Take the example of IT and finance. The topics of these two areas are far apart.
But as we have already learned, it is important to establish communication between these areas and this is exactly what we want to help you with in this lesson.
We will introduce you to the most important terms from AWS but also from software development and finance.
AWS has hundreds of different services and you can probably fill a whole dictionary with terms. Here we would like to explain the most important terms that are also important for the Cloud Financial Management area.
Oliver Gehrmann is a FinOps Consultant and CEO of kreuzwerker Frankfurt, a German consulting firm with a strong focus on AWS, software engineering, and cloud financial management. He's worked in IT for over 10 years, facilitating the migration from physical servers in data centers to modern cloud infrastructures.
He and his team have experienced first-hand that costs in the cloud are becoming more and more of a challenge when about 2.5 years ago more and more customers approached them with this topic. Costs ran out of control and could not be addressed to business values.
Since that time, we have worked extensively on the topic of cloud financial management and have already been able to save our customers many millions of dollars. He now shares this knowledge in order to help others.