AWS Cloud Cost Optimization for Enterprises: Reduce Waste Without Performance Loss

Create a cost baseline with ownership tags

Establish mandatory tagging and service ownership. Unknown spend is unmanaged spend.

Prioritize quick wins with low migration risk

These actions often deliver immediate savings without architecture rewrites.

• Rightsize overprovisioned compute
• Turn off idle non-production environments
• Adjust storage tiers and retention policies
• Use savings plans where utilization is predictable

Build guardrails, not one-time cleanup

Introduce policy-based controls for budgets, anomaly alerts, and provisioning standards.

Treat cost as an SRE-style reliability metric with recurring review cycles.

Align reporting for both engineering and finance

Engineering teams need workload-level insights. Finance teams need cost attribution and forecast confidence.

One dashboard rarely serves both. Build tailored reporting with shared source data.