Cloud computing waste challenges
Did you know that over $17B of cloud computing costs was estimated to be wasted in 2020? Since EC2 and EBS are among the largest cost drivers and have a lot of options to choose from (over 400 instance types, multiple purchasing options and volume types), it's easy and very common to use suboptimal configurations that waste you money.
On the EC2 side, the majority of AutoScaling groups(ASGs) are fault tolerant enough
to be safely converted to EC2 Spot instances,
for up to 90% cost savings.
When it comes to EBS volumes, about 85% of EBS volumes (the block storage used by EC2 instances) are from previous generations and could be optimized to cost up to 20% less and offer increased performance with a small and harmless configuration change.
CloudUtil offers a set of utilities designed to automate the use of these cost savings opportunities in a way that requires no configuration changes, generating significant cost savings with minimal effort. We have tools for both optimization of EBS volumes to the best volume type for up to 20% of savings, as well as quick and easy conversion of ASGs to Spot instances for up to 90% of cost savings.