One of the best practices of the cloud is to pay for what you use. But, before you pay, you must know the resources you’ll need. If users don’t understand how pricing affects resources, AWS bills can get out of control. Show For this reason, the AWS Pricing Calculator will be your primary tool for estimating the costs of EC2 instances for different scenarios. How does this calculator work? Apart from the simple self-guided process, the AWS Pricing Calculator has more features and benefits. First, you add the services you’ll need. Second, you customize small details to match your use case. The tool will then estimate the cost of your architecture based on how you configured it. Four Benefits of the AWS Pricing CalculatorHere are some of the top benefits of the AWS Pricing Calculator: 1. Easily Generate Estimates for Comparisons If you’re working at a cost center, you may want to know the exact amount of savings you receive before releasing funds. With the AWS Pricing Calculator, you can try different scenarios and compare best-case scenarios and worst-case scenarios. In addition, you can examine various factors that influence costs, such as AWS regions, instance types, and memory. You can feed in the use cases of multiple savings plans. The result allows you to compare each project, side by side, to make data-driven decisions. 2. Deeper Visibility Into Prices The AWS Pricing Calculator integrates with AI and machine learning to enhance transparency. It also has a database of all the factors you may need to evaluate costs and help avoid hidden fees. Let’s say you had a higher than usual AWS bill. You have to go to the AWS Pricing Calculator and create your scenario for the specific month. AWS lets you access previous usage reports. Feed this data into the AWS Cost Calculator, and you’ll get an output of probable costs. If the costs don’t add up, you can then examine other potential issues with your infrastructure. 3. Helps Calculate Costs of Workloads Based on Your Cloud Another unique benefit is the share group feature. The AWS Pricing Calculator uses share groups to estimate costs for each cluster. You can cluster by cost centers, users, or product lines. Let’s say you want to experiment with different AWS architectures. There are several ways you can set up your cloud. AWS’ Pricing Calculator will give you approximate prices depending on how you set up the cloud. You can also combine individual estimates of each distinct process and combine them into one estimate. 4. Reporting and Discussion The AWS Pricing Calculator lets you share cost reports with stakeholders for approval. With this handy tool, you can be confident that the estimates will be accurate. This will save you from underestimating or overestimating fund allocation. You can export AWS costs in a .csv file and share the file offline with peers. You can share an estimate link on a public server where large groups of people can see it. You can also share links on your favorite platform, but you have to keep updating shared links to reflect the latest estimates. The Bottom Line Regardless, the AWS Pricing Calculator has limitations. For example, the tool cannot integrate real-life factors that affect the cost of your AWS bill. nOps’ Pricing Calculator is a more effective tool for real-life cost-saving estimates. nOps uses real-life data, such as a company’s size and the number of employees, to help you estimate cost savings. nOps’ Pricing Calculator has everything you need to make the right pricing decisions. Start your free trial today or schedule a demo!
The AWS Pricing Calculator, also known as the AWS Cost Calculator, is a tool that lets you estimate your AWS costs for specific scenarios. Here are key advantages of the AWS Pricing Calculator:
The insights provided by the AWS Pricing Calculator can help you make informed decisions using AWS. It enables you to plan AWS costs and usage for a new scenario or determine the cost of using a new set of services, cloud instances, and pricing models. In this article: Key Benefits of AWS Pricing CalculatorAWS Pricing Calculator offers the following major benefits:
Pricing Calculator also lets you group AWS services by AWS region. These groups allow you to calculate cost estimates for running a workload in each region (or a distributed workload across multiple regions). This feature allows you to calculate the expenses for complex application architectures more easily. Groups are also useful for estimates based on your organization’s product stacks or cost centers. Getting Started with AWS Pricing CalculatorHere is a basic outline for how the AWS Pricing Calculator lets you create an estimate, (optionally) add groups, and configure services. Creating an EstimateBegin by creating your estimate and assigning a Region:
Adding GroupsGroups allow you to organize services better, with one or multiple services in a group. They allow you to arrange the estimate based on various aspects such as client, service stack, cost center, or product architecture. Create a group using these steps: 1. Select Add group in the header at the upper-right. [caption id="attachment_18952" align="alignnone" width="660"] Image Source: AWS[/caption]
Adding and Configuring a ServiceOnce your estimate is ready, you can add specific services to the estimate and configure them to generate a more accurate cost estimate. If you created a group, use My service group to add and configure your services. If you chose not to create any group, go directly to My estimate. In this example, we use Amazon EC2 Quick estimate: 1. Go to My service group and select Add service to open the service page. [caption id="attachment_18953" align="alignnone" width="900"] Image Source: AWS[/caption]
[caption id="attachment_18954" align="alignnone" width="810"] Image Source: AWS[/caption] Default values are available on the Quick estimate page, allowing you to view an estimate without having to add or change any information. You may choose to modify or retain the defaults for each of these parameters:
Go to My service group to see the likely cost of your selected default instance. You will find a list of services in your specified Region in the service section. To compare the projected costs for different Regions, create multiple estimates. The AWS Pricing Calculator is not a quote tool. The AWS Pricing Calculator does not guarantee the actual cost of using AWS services, and it only provides an estimate. The cost may vary based on the usage parameters specified and depends on several factors:
AWS Cost Optimization with Spot.ioAWS offers multiple pricing models that can generate savings, including Savings Plans, reserved instances (RIs) and spot instances. However, all these all have inherent challenges:
Spot by NetApp addresses these challenges, allowing you to reliably use spot instances for production and mission-critical workloads as well as enjoy the long-term pricing of RIs without the risks of long-term commitment. Key features of Spot by NetApp’s cloud financial management suite include:
Learn more about Spot by NetApp’s cloud financial management solutions |