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Effective Cost Optimization for Business (ARC201) - AWS re:Invent 2018

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Aimed at finance and management functions, this talk explains what cost optimization means in the cloud and how you can enable your organization to optimize costs. We break down what optimization actually means and how much you should invest in it. We then discuss the cultural aspects to address when promoting optimization and developing capability across your business. Finally, we explore some of the common areas in which to achieve optimization: governance, pricing models, financial processes, service selection, and cost controls. Please join us for a speaker meet-and-greet following this session at the Speaker Lounge (ARIA East, Level 1, Willow Lounge). The meet-and-greet starts 15 minutes after the session and runs for half an hour.

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Effective Cost Optimization for Business (ARC201) - AWS re:Invent 2018

  1. 1. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Effective cost optimization for business A R C 2 0 1 Nathan Besh Cost Lead Well-Architected Jarman Hauser Commercial Architect Business Development Jack Laing Lead Engineer GE
  2. 2. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Agenda Presentation – 15min Q&A – 40min
  3. 3. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
  4. 4. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
  5. 5. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Why do you incur cost? • Business • Innovate • Reward
  6. 6. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. What works? Dedicated focus Core function of doing cloud Throughout the organization, not across Cost optimization is done, not applied Business capability Developed over time Goals Culture
  7. 7. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
  8. 8. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. First steps Vision and direction Plan your journeyBuild a team AWS
  9. 9. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Allocation and value
  10. 10. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Cost savings opportunities Resource Type & Size Deep analysis of workload components Cost Models
  11. 11. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
  12. 12. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. GE billing 1.0 Cost out External vendors were expensive Unnecessary hooks to other tools Simplify All internal Decoupled from other applications Resource minimization Start: four teams, three states, two vendors End: automated, one team
  13. 13. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. GE billing 2.0 Forecasting Spend by category Business logic Budget deadlines Source of truth Metadata on all accounts Ingest data from several sources Cloud data suite Bot tools for cost allocation tag enforcement Resource data tools for compliance
  14. 14. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
  15. 15. Thank you! © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved. Nathan Besh Cost Lead Well-Architected Jarman Hauser Commercial Architect Business Development Jack Laing Lead Engineer GE
  16. 16. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.

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