Understanding Cloud Billing, Monitoring them and applying best practices would result in 30% or more cost savings on your AWS Cloud.
This was presented on Feb 18, 2017 at AWS, Docker and DevOps Meetup held at LinkedIn Campus.
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TAKE ADVANTAGE OF INSTANCE TYPES/PRICING MODELS
On-Demand Reserved instances Spot Instances
1. Remove Unattached EBS Volumes
2. Remove Unused Elastic IPs
3. Use Private IP to do data transfer within the same region
4. Power Off QA instances when not in use
5. Consider using Spot Instances for batch processing
6. Use Autoscaling for unpredictable workload
7. Leverage Reserved Instance Pricing for predictable and
consistent workloads to take advantage of discounts
Consider Cheaper/MultiCloud Options