Monitoring and optimizing the cost of the EC2 infrastructure

In traditional on-premises applications, optimization of cost is really very challenging because you have to predict future business needs and capacity.

The following best practices will help you to build a cost-optimized architecture:

• Make sure that your demands and costs move in line with each other
• Analyze the cost
• Ensure that costs will reduce with time
• Use appropriate AWS resources to minimize the costs

Optimization of cost is a continuous process in the improvement and refinement of your system over its complete life cycle. Your system should utilize all the resources fully and meet its functional requirements while minimizing costs.

You can use the following design principles to optimize costs in the cloud:

• Adopt a model for consumption: You should adopt a model that will help you to identify the consumption of computing resources, and it should increase or decrease through auto scaling as per the business requirements. It should...