AWS Cloud Practitioner / Cloud Economics

AWS client reported benefits

• 62% realize more efficient IT infrastructure staff
• 51% achieve lower 5-year cost of operations
• 90% use less staff time to deploy new storage
• 25% attain more productive development teams
• 6 months to pay back outlays

In 2017, Gartner Magic Quadrant placed AWS as Leader having both the furthest completeness of vision and the highest ability to execute

Other cloud providers

Free tier model

• 12 months free for some services on new accounts
• 750 hours per month of linux/windwos t2.micro or t3.micro depending on region
• 5GB of standard S3 Storage
• 750 hours per month of RDS db.t2.micro database usage
• 25 GB of DynameDB storage
• Always free tier
• Free trials

Pricing models

Pay as you go

• Only pay for the specific services you need and the time you use them
• Only incur fees for the actual resources and services that your enterprise uses
• You only pay for the time that you are utilizing services
• You reduce risks of over-positioning or missing capacity
• Allows you to scale on demand within your budget
• Business are empowered to be fully elastic and flexible

Save when you reserve

• Reserve option for services like EC2 (elastic cloud compute) and RDS (relational database service)
• You can save up to 75% when reserving capacity

Pay less by using more

• Use managed services to help address needs
• Get volume based discount
• Gain substancial savings as usage increases
• Take advantage of S3 tier based pricing

• 1-50 TB 0.023 GB/month
• 51-100 TB 0.022 GB/month
• 500TB or more 0.021 GB/month

Princing calculator

Pricing calculator is the new name of the TCO (total cost of ownership) calculator

AWS Cost Calendar

Cost Explorer is the new name for Cost Calendar

In the aws console, in the billing section there is a Cost Explorer, that gives you some predefined views

• Monthly spend by service view
• Monthly spend by linked account view
• Daily spend view