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Why Cost Optimization Matters

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Overview
Difficulty
Intermediate
Duration
52m
Students
52
Ratings
5/5
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Description

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.

Transcript

Starting early with cost optimization is essential and can save a lot of trouble.

Many AWS cost projects do not start when you migrate to AWS, but costs get out of hand. And then it usually becomes even more difficult to change entrenched processes and behaviors. But do not be encouraged by this if you are in such a situation. This is why we have created this course, to help you relax, even in such difficult situations.

AWS offers fantastic opportunities for faster development, lower TCO, and increased agility.

No matter if a startup or large corporation, AWS grows with the requirements and always provides exactly the services that are currently needed - of course, only when used correctly.

Cost Optimization helps you meet your financial and business objectives while only paying for what you need and and use.

AWS is not a traditional data center and therefore should not be used as such. 

AWS allows us to be much more agile and instead of spending time on administrative overhead, we can invest that time in innovation.

Companies see the greatest potential for savings by taking advantage of the agility of AWS and developing applications that scale and are highly automated.

Later in the course, we will cover the five pillars of the Well-Architected Framework, clarifying the key concepts and design principles of cloud workloads.

Cost optimization will help you manage your resources and money appropriately and in time to make economically wise decisions before expenses get out of hand and need to be fixed.

About the Author
Avatar
Oliver Gehrmann
FinOps Consultant & CEO of kreuzwerker Frankfurt
Students
127
Courses
3

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.