How to Reduce EC2 Costs

Businesses investigating how to reduce EC2 costs on Amazon´s cloud compute platform have several options available to them. The reassignment of instances to either Amazon´s Spot Instances or Reserved Instances pricing plan rather than On Demand can reduce EC2 costs if businesses have development projects that are not time-sensitive, or have if businesses have the organizational foresight to plan up to three years ahead.

Alternate ways how to reduce AWS costs include reassigning resources to develop scheduling scripts – or asking developers to log into the AWS console each day – so that non-production AWS instances can be switched off when not required. These are not ideal solutions, as the reassignment of development resources can be counter-productive, and manual on/off processes are subject to human error.

The final alternative is the implementation of software to reduce EC2 costs. This too can have its disadvantages if the software does not allow you to manage existing instances without redeploying them as a new role, if it fails to give you a full tool set for account governance, or if it only tells you where the money has been spent – rather than helping your business to reduce EC2 costs.

ParkMyCloud´s Software to Reduce EC2 Costs

ParkMyCloud´s software to reduce EC2 costs is a lightweight app that provides a single dashboard view of all a business´s AWS instances to allow for the informed optimization of resources. The software also automates the process of manually switching off existing and new non-production AWS instances when not required – eliminating the need for businesses to develop their own scheduling scripts, and the risk that non-production AWS instances will be left running when not required due to human error.

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The software works by temporarily stopping – or “parking” – non-production AWS instances in accordance with a schedule set by the user or administrators. To set the schedule, users connect to their AWS service through the ParkMyCloud dashboard with their IAM role or IAM user credentials. The software locates the business´s AWS instances and makes recommendations about which are suitable for parking according to their names and the tags assigned to them.

Users can accept the recommendations or adjust them as necessary, after which the UI reveals a grid displaying days of the week and times of the day. The user highlights the days and hours on which the selected non-production AWS instances will not be required and accepts the schedule. The UI then displays the projected savings the business will achieve by parking the non-production AWS instances and, once the schedule takes effect, the projected savings become actual savings.

How Much Can be Saved with EC2 Cost Reduction Software?

How much your business can save with EC2 cost reduction software depends on the type of instances deployed on Amazon´s cloud compute platform, their pricing plans, and how many non-production AWS instances you are able to park. Typically businesses can use EC2 cost reduction software to park all development, testing, and staging instances during weekends and for at least 12 hours on weekdays – reducing EC2 costs on non-production AWS instances by almost 60%.

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Depending on the specific circumstances of your business´s cloud computing operations, the savings can be even greater. International software development company Foster Moore uses ParkMyCloud to park non-production AWS instances by default. The company has set up a governance structure that gives team members access to their particular instances whenever they want to use them by snoozing the parking schedule. As a result, Foster Moore has reduced its total EC2 costs by 30% – 40%.

As well as providing a means for governance and reducing costs, the implementation of EC2 cost reduction software can deliver security benefits to businesses. While non-production AWS instances are parked, they are inaccessible. Consequently there is no risk of data being hacked or compromised, and no need for network security teams to monitor them or run unnecessary virus scans – saving further resources.

Free Thirty-Day Trial of ParkMyCloud

If your business is investigating how to reduce EC2 costs on Amazon´s cloud compute platform, we invite you to try a free thirty-day trial of ParkMyCloud. Our offer consists of fully-enabled EC2 cost reduction software, with full customer and technical support, and no obligation to continue using ParkMyCloud to reduce EC2 costs once the free thirty-day trial has finished.

There are no set up fees, no credit cards required and no contracts to sign. You simply register for an account using your email address and can start evaluating ParkMyCloud in your own environment and reducing your business´s EC2 costs within fifteen minutes. The best part of our free thirty-day trial offer is all the money your business saves by using ParkMyCloud is yours to keep.

If you would like to find out more about our free offer before registering for your thirty-day trial, or if you have any questions about how to reduce EC2 costs, do not hesitate to contact us. Our team will be happy to answer your questions and guide you through the features of our EC2 cost reduction software before you start using ParkMyCloud and reducing your business´s EC2 costs by parking non-production AWS instances when not required.

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