Amazon Web Services (AWS) has been pumping out announcements in the lead up to their AWS re:Invent conference next week – which is predicted to exceed 50,000 attendees this year. (See you there?) We’re excited to see what big news the cloud giant has for us next week!

In the meantime, here are three AWS announcements from the last few days that will interest anyone who’s concerned with cloud costs.

Predictive Scaling for EC2

AWS’s new predictive scaling for EC2 is a new and improved way to use Auto Scaling to optimize costs. Typically when you set up an Auto Scaling Group, you need to set scaling policies, such as rules for launching instances based on changes in capacity. Given the complexity of these requirements, some users we’ve talked to forgo them altogether, instead using Auto Scaling simply for instance health checks and replacements.

With predictive scaling for EC2, there is very little the user needs to set up. You will simply set up the group, and machine learning models will analyze daily and weekly scaling patterns to predictively scale. You’ll have choices to optimize for availability, or optimize for cost – making it easy to use Auto Scaling to save money.Of course, sometimes you’ll know better than the machine – for example, development and test instances may require on/off or scale-up/scale-down schedules based on when users need them, which won’t always be consistent. For that, use ParkMyCloud to schedule auto scaling groups to turn off or change scaling when you know they will have little or no utilization.

AWS Cost Explorer Forecasting

AWS has announced an improved forecasting engine for the AWS Cost Explorer. It now breaks down historical data based on charge type – distinguishing between On Demand and Reserved Instance charges – and applies machine learning to predict future spend.

They have extended the prediction range from three months to twelve months, which will certainly be of use for budget forecasting. It’s also accessible via the API – we see this being used to show budget predictions on team dashboards in your office, among other applications.

CloudWatch Automatic Dashboards

The third announcement from this week that we’re looking forward to using ourselves here at ParkMyCloud is the new series of CloudWatch Automatic Dashboards. This will make it remarkably easier to navigate through your CloudWatch metrics and monitor costs and performance, and help potential issues break through the noise.

Thanks, AWS!

Now, play around with AWS’s new predictive scaling for EC2, then take some time to relax.

Happy Thanksgiving! (And to our non-U.S. readers, enjoy your Thursday!)

About Katy Stalcup

Katy Stalcup is the Director of Marketing for ParkMyCloud, where she’s responsible for a wide variety of content development, campaigns, and events. Since ParkMyCloud's founding, she's evangelized its message of simple cost savings and automation (seriously, in the words of one of our customers, "There is literally no reason not to use ParkMyCloud"). Katy is a Northern Virginia native who is happy to contribute to the region’s growing reputation as an East Coast gathering point for technology innovation - particularly as a graduate of the Alexandria, VA Thomas Jefferson High School for Science and Technology. She also earned bachelor’s degrees in communication and psychology from Virginia Tech. In her free time, she enjoys reading novels, playing strategy board games, and travel both near and far.

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