Achieving EC2 Cost Optimization with ParkMyCloud

Although a number of tools exist for EC2 cost optimization, many of them simply advise you of where your money has been spent or contain more features than you could make use of – costing you more money than you could ever save. By comparison, ParkMyCloud´s lightweight platform shows you in advance where costs can be reduced and provides you just with the tools needed to optimize EC2 costs.

The primary function of ParkMyCloud is scheduling on/off times for non-production instances. This in itself can reduce EC2 costs by up to 65%. However, reducing EC2 costs without effective governance can result in the savings being only temporary. For this reason, ParkMyCloud has been developed with features that allow you to easily keep budgets under control and manage instances effectively.

One of these features provides system administrators with a single-view dashboard of all a company´s cloud accounts (including Microsoft Azure and Google Compute Engine). Using the information displayed on the dashboard, administrators can monitor activity, identify unused and underused resources, and make informed decisions about future budget requirements and capacity planning.

How our Software to Optimize EC2 Costs Works

The process for optimizing EC2 costs with ParkMyCloud could not be simpler. Administrators create a permissions-limited role for our SaaS platform that then conducts a discovery of all your cloud accounts and makes recommendations about which EC2 instances are suitable for “parking” based on the names and tags assigned to them. Typically these will be non-production instances, such as those used for development, staging and testing.

Administrators can select all or some of the recommended instances and have a choice of applying a preconfigured parking schedule (i.e. parked from 8:00 in the evening until 8:00 in the morning and during the weekend) or creating a schedule of their own via the UI. Different schedules can be applied to different instances, or administrators can delegate the scheduling process to each individual development team so that they can apply the most appropriate schedules for their needs.

Once the schedules are confirmed, the UI displays how much each schedule is projected to save over the next thirty days. With this information viewable by administrators, informed decisions can be made about where further cost reductions can be found to achieve EC2 cost optimization. With total visibility of all the business´s accounts, administrators will also be able to identify unused or underused instances that can either be terminated or reassigned to a cheaper pricing plan.

How ParkMyCloud Can Save up to 65% of EC2 Costs

Depending on the number of non-production instances that are parked and the schedules applied to them, ParkMyCloud can save up to 65% of the cost of deploying non-production EC2 instances on AWS. This figure is based on the preconfigured schedule mentioned above (parked from 8:00 in the evening until 8:00 in the morning and during the weekend) and could be even higher with “permanent parking”.

Permanent parking consists of scheduling all non-production instances to be switched off at all times. Whenever developers need access to their development, staging and testing instances, they simply snooze the schedule. Safeguards exist to return the instances to their parked state after a period of inactivity, just in case the developers forget to restart the parking schedule.

In addition to saving up to 65% on the cost of deploying non-production EC2 instances on AWS, our software to optimize EC2 costs can also reduce your RDS costs, Microsoft Azure costs and Google Compute Engine costs. Furthermore, the total visibility provided by ParkMyCloud´s single-view dashboard – plus a comprehensive reporting system and audit logs – allows you to keep your cloud computing budgets under control and manage resources effectively to achieve EC2 cost optimization.

Try ParkMyCloud’s EC2 Cost Optimization Software for Free

ParkMyCloud has already saved hundreds of clients millions of dollars by helping them to optimize EC2 costs. Among our case studies, global audio and video technology company Avid cut their cloud computing costs by $55,000 per year, motorcycle app developer Wolfpack reduced their AWS bill by 65%, and international software development company Foster Moore achieved EC2 cost optimization and a 30%-40% saving.

If you would like to take advantage of a free trial of ParkMyCloud, and see how much you could save with EC2 cost optimization, the process could not be simpler. Click on any “Try it Free” button, tell us a few things about yourself, and follow the instructions. You will then have at your disposal a fully-enabled version of ParkMyCloud to evaluate in your own environment, during which time whatever money you save is yours to keep.

At the end of the trial, you have the option of subscribing to a premium package that typically pays for itself within two months or using a feature-limited version of our software for free. To find out more about this offer, or about ParkMyCloud before starting your free trial, do not hesitate to contact us. Our team of Customer Support Representatives will be happy to answer any questions you have and explain how best to use the features of ParkMyCloudin order to achieve EC2 cost optimization.