Analyze Cloud infrastructure cost and spends
The scope of work for this assessment project is to analyse Cloud infrastructure cost and spends. Digital Media Solutions (NYSE: DMS) is a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers.
Challenges
Provide an assessment report covering the following:
- Creating Detailed cloud spends
- Plan for Optimization
- Phase wise approach planning
- Immediate cost saving Plan.
- Potential optimizations / resizing
- Overall AWS Cost
- Recommended processes.
- Project plan
- Discovery
- Assessment
- Data Reports and consolidation
- Cost saving planning.
- Recommended best practices and plan.
- Implement Steps to reduce the cost.
Solutions Offered
- Assume that the client’s AWS infrastructure is well-designed and optimized for cost. If not, then you may need to recommend optimization strategies.
- Assume that the client has identified all the resources they are using in AWS, including EC2 instances, S3 buckets, RDS instances, and others.
- Assume that the client has implemented AWS billing and monitoring tools, such as AWS Cost Explorer, AWS Budgets, and AWS CloudWatch.
- Assume that the client has implemented cost allocation tags to track their AWS usage and costs by department or project.
- Assume that the client has reviewed their AWS usage patterns and identified instances that are eligible for Reserved Instances, which can help them save money.
- Assume that the client has optimized their application’s elasticity and auto-scaling to ensure that resources are scaled up or down as required.
- Assume that the client has optimized their data storage strategy to use the most cost-effective storage class, such as S3 Standard-Infrequent Access (S3 Standard-IA).
- Assume that the client has optimized their resources by using the right instance size, instance type, and storage class for their needs.
- Assume that you will provide the client with cost optimization recommendations, including reserved instances, rightsizing, and more.
- Assume that the client will achieve significant cost savings by implementing the cost optimization recommendations you provide.
- Assume that the client will achieve a positive ROI by investing in AWS cost optimization.
Describe TCO Analysis Performed*
- Mark Total cost savings
- Identified stakeholders will be validating the complete solution.
- Final Sign-off from respective stakeholders