AWS Well-Architected Framework helps cloud-based solution architects build futuristic, highly efficient, and flexible infrastructure for their applications that perform to their fullest.
What are the 6 Pillars of AWS Well-Architected Framework?
1. Operational Excellence
4. Performance Efficiency
5. Cost Optimization
The cost-optimization AWS well-architected framework pillar includes the technical capabilities to reduce operational costs while delivering consistent business value. The cost optimization pillar offers guidance on how to use the AWS framework’s best practices in the design, delivery, and management of AWS environments. When we talk about cost optimization, we mean a continuous process of refinement and improvement over the lifespan of a workload. The team must invest in financial management strategies to achieve any form of financial success while increasing company value realization on the cloud. Companies must invest the time and resources required to produce capabilities in this new area of technology and utilize management plans. When you use a consumption model, you only pay for the computing resources you use, and you can increase or decrease your usage based on your business needs. A cost-optimized workload is one that makes maximum use of all resources, produces a result at the lowest feasible cost, and meets all functional criteria. By guaranteeing constant adherence to AWS Well-Architected Framework best practices, avoiding needless over-provisioning, and investing the correct amount of work in a cost optimization plan, businesses may be able to more quickly enjoy the fiscal benefits of the cloud.
The following critical initiatives will help you achieve cost-cutting in the long run:
- Executing cloud financial management
- A thorough analysis of costs and efficiency
- Eliminating expenditure on elements in a business application that doesn’t increase its competitive advantage
- Picking the appropriate resources, services, and configurations for the workload
- Select the AWS regions where you execute business-specific workloads
- Optimize workload components that involve the most resources
- Ensure effective use of data storage and pick the most efficient hardware to manage your workload
Implement an AWS well-architected framework assessment method that considers deployment tests automatically and as part of the deployment process, employs visualization techniques, and implements a simple extension of the existing pipeline to take a data-driven approach to architecture. Companies must utilize the data acquired throughout the review process to advertise and promote the adoption of new services or resources when they become available.