Author

Ankur Mandal

March 11, 2024

Top 23 AWS Cost Optimization

Tools in 2024

Author

Ankur Mandal

5 min read
March 11, 2024

Most businesses looking for a cloud platform to store and move their data tend to go with AWS owing to its straightforward configuration. This assists in better managing increased customer expectations and enhanced performance. However, the increased complexity of AWS has made it challenging to manage costs effectively. Despite being completely aware, businesses need to pay more attention to cloud storage usage and its associated costs in their attempt to manage cloud costs. 

Organizations should not limit their focus to just one aspect, such as compute resources; instead, they should explore methods to optimize cloud storage costs within AWS. By effectively aligning AWS compute resources and storage usage, businesses can regulate expenses and make the most of their investments.

This blog aims to cover various AWS cost optimization tools and software, addressing essential aspects like compute resources and storage usage.

Maintaining control over cloud spending and ensuring optimal utilization of investments demands efficient AWS cost management. While compute resources are undeniably crucial in cost optimization, it is equally vital not to disregard other key elements like storage.

Why Should You Focus On AWS EBS Usage?

AWS offers different types of storage that cater to different use cases and requirements. Listed below are some of the storage provided by AWS.

  • Amazon S3 (Simple Storage Service): As an object storage service, Amazon S3 offers scalable, durable, and secure data storage for files, images, videos, and backup. It is designed for high availability and is used for tasks like archiving data, hosting websites, and distributing content.
  • Amazon Elastic File System: A fully managed file storage service, EFS can be mounted to multiple EC2 instances, which makes it suitable for applications that require high-performance storage but low latency, such as databases and file systems.
  • Amazon Glacier: Designed for long-term data retention, Amazon Glacier is a low-cost archival storage service. It can be used for backup, compliance, and archive storage, with retrieval times ranging from minutes to hours.
  • Amazon Elastic Block Storage: EBS provides block-level storage volumes for Amazon EC2 instances and is ideal for applications like databases and file systems that require low latency and high performance.

Wondering why, despite the categorization, our focus is on AWS EBS?

This is because EBS features like those mentioned below account for a substantial portion of the AWS bill.

  • Performance cost:  With EBS, you get high-performance, low-latency storage that provides consistent and predictable performance for workloads and applications that demand access to data quickly. This comes at a cost.
  • Durability and reliability: There is a high degree of durability and reliability in EBS volumes. They use redundant storage across multiple devices in one Availability Zone, and some EBS volumes can be replicated across Availability Zones to provide even greater durability. This level of data durability is reflected in the pricing.
  • Data persistence: EC2 volumes are persistent, and stored data remains intact even if the associated EC2 instance is terminated or fails. These features provide value, but there is a cost associated with them.
  • Snapshots: Using snapshots, you can create data backups, copy volumes, and recover data. Managing and storing snapshots requires additional resources.
  • Multi-availability zone: To achieve high availability and data redundancy, the Multi-Availability Zone replication is available for EBS volumes, which adds to the overall cost of the system.
  • Data encryption: Data encryption is an important security feature, but the infrastructure for encryption and key management adds to the cost.

Neglecting EBS cost optimization can result in inefficient resource allocation, budget overruns, and increased operational expenses, all of which have the potential to shake the very foundation of your organization's financial well-being.

To help our customers further understand the reason for focusing on EBS usage for optimum AWS cost optimization, we conducted research and found out in our study that:

  • EBS cost contributes to 15% of the total cloud cost, possibly due to overprovisioning, failing to terminate EBS volumes that are no longer needed, or misconfigured storage settings, such as resources not being connected to the VM or connected to a paused VM. 
  • There is a mere 25% disk utilization for root volumes, application disks, and self-hosted databases. One of the primary reasons for this low disk utilization is overprovisioning. 
    Organization tends to overprovision because optimizing storage means developing a custom tool which would require a significant investment of time and effort from the DevOps team, thus degrading the ROI. 
    Moreover, another prominent reason behind overprovisioning is their lack of confidence in their ability to predict demand accurately. To avoid any performance issues, they overprovision the resource, which, when looked at from a vantage point, shows how costly it can be since it requires consistent spending.
    Organizations also believe that by overprovisioning, they are simplifying resource management, which is not the case. Following this approach can result in higher costs since resources will be consistently provisioned at peak capacity.
    Having a large amount of provisioned storage but only using a small portion means you are paying for unused capacity. Moreover, your low disk utilization might make it difficult to scale when needed. 
  • Despite overprovisioning the resources, organizations have one downtime per quarter when they run out of space. Some organizations overprovision to prevent any resource shortage that might lead to a downtime. This can significantly impact productivity and ROI.

Moreover, did you know a report by Virtana suggests that while 94% said their cloud cost is increasing, 54% said their storage spend is growing faster than the overall cloud cost.

Organizations can reduce costs, prevent overprovisioning, and ensure resource efficiency by adopting effective EBS usage management tools and software. The granular control over storage resources will align storage capacity with the needs, thus leading to better cost management in AWS. 

This is why when looking for AWS cost optimization tools/software, you should not just settle for compute resources but simultaneously invest in storage cost optimization tools, each focusing on different aspects like compute resources and EBS.

Different providers offer different AWS cost optimization tools/software that help organizations efficiently manage their cloud costs by optimizing compute resources or storage. You must invest in the following tools to ensure comprehensive cloud cost optimization.

  • Tools that optimize the cost of compute resources
  • Tools that optimize cloud storage
  • FinOps tools that offer visibility and reporting of cloud cost

Top 23 AWS Cost Optimization Tools

The cloud infrastructure at AWS provides a wide array of tools and resources designed to streamline expenditures across various aspects. Using these AWS cost optimization tools, businesses can tailor their cost-saving strategies to specific aspects of their cloud operations, from resource optimization to Elastic Block Store (EBS) usage fine-tuning.

Tools That Focus On Storage Optimization

1. Lucidity

Lucidity, with its industry’s first Managed Disk Auto-Scaler, helps enterprises manage their block storage efficiently without any downtime or DevOps time requirements. It is used by multiple Decacorns and Fortune 500 companies to optimize their cloud storage. 

Understanding the impact of challenges associated with ignoring EBS, such as inefficient resource allocation and budget overruns, we at Lucidity help tackle the issue with our Managed Disk Auto-Scaler. 

Unlike other tools focused on the effective optimization of compute resources, we at Lucidity have built an autonomous storage orchestration solution. It is designed to help businesses relying on the AWS cloud to save money by eliminating the possibility of overprovisioning through effective EBS usage optimization. 

Sitting as an intelligence layer over your AWS and block storage, our Auto-Scaler automates capacity management, leading to automatic expansion and shrinkage of the disk when needed, without any buffer time, downtime, or performance gap. We help businesses eliminate the constant worry of EBS usage management and reduce storage costs by a staggering 70% without any downtime or performance issues.

How do we work?

We at Lucidity understand that many organizations use the lift and shift strategy to move from on-premise infrastructure to cloud infrastructure. This results in many unused, overused, or underused storage. 

Going the traditional route for AWS cost optimization will result in wasting valuable resources, or they might remain unused. Organizations may end up overprovisioning or underprovisioning.

Furthermore, it is a constant struggle to strike a perfect balance between under-provisioning and over-provisioning, which can lead to performance issues.  

This is where Lucidity’s Block Storage Auto-Scaler comes to your rescue. Lucidity’s Auto-Scaler is quick and easy to implement with just 3 clicks, and it automatically adjusts the live block storage depending on the workload. This means that with Lucidity, shrinkage and expansion (within 1 minute) of disk storage are done automatically.

No matter how quickly your requirements change for storage, our Block Storage Auto-Scaler intelligently adjusts the storage capacity while maintaining performance and ensuring cost efficiency. 

The moment it becomes onboarded, it starts scaling its storage to increase disk utilization to 70-80%, bringing the cost down. It provides the space necessary to deal with unexpected/heavy traffic/workload surges in one minute.

Our Lucidity solution is designed to have little to no impact on the CPU and RAM usage. The Lucidity agent only consumes 2% or less of the CPU or RAM to ensure your workload keeps running and the instance remains unaffected.

Moreover, from onboarding, the entire responsibility of EBS management falls on us as we automate the entire process.

Lucidity can be deployed in one of the following ways:

  • Lucidity Hosted: We seamlessly integrate an agent into your cloud environment in this configuration. This agent collects storage metrics and transmits this data to our Auto-Scaler Engine hosted on our servers. Subsequently, the Auto-Scaler Engine initiates commands to expand or shrink resources as necessary.
  • Self-Hosted: If you prefer the Auto-Scaler Engine to reside on your server, we offer full support to make this transition seamless and efficient, ensuring it aligns seamlessly with your specific requirements.
  • Private Link: Leveraging the unique data security and integrity features provided by AWS, we offer the implementation of a private link. This private link guarantees a heightened level of data protection. Your data will be routed through dedicated servers via this private link, ensuring the confidentiality and security of your data throughout its transit.

We start by conducting a comprehensive storage audit that assesses your present storage arrangement. This audit aims to develop it into a full report revealing potential savings areas.

Through our one-click comprehensive audit, you will discover the following:

  • How much are you spending due to the present disk storage?
  • What metrics need to be optimized?
  • How can you cut down the cost?
  • What leads to idle volumes and overprovisioning, and how can you eliminate them?
  • How can you automate potential downtime alerts to minimize financial repercussions?

Unlike going through manual discovery or utilizing monitoring tools, which lead to performance lags or downtime, Lucidity Storage Audit is a simple-to-use executable tool that automates the entire process. 

Our Lucidity Storage Audit is a free-to-use, comprehensive analysis tool that helps you understand your cloud cost in-depth, allowing you to determine areas requiring specific optimization improvements. We give you a holistic view of storage within 1 week with little to no effort and help you understand the disk health, how cloud resources are used effectively, and prevent the possibility of any downtime. With us, you can rest assured that there will be no impact on the cloud environment and the resources.

Immediately following the audit, we integrate the Lucidity system into your infrastructure within 15 minutes, so there is no operational hiccup or changes to your established architecture. 

By working with us efficiently, you would be well-supported toward positive ROI in as little as 1 hour after our implementation starts.

Based on the audit report, we implement an agent-based architecture on every EC2 instance, where this agent serves a dual role of utmost importance:

  • Collecting crucial storage metrics like IOPS, Throughput, Volume, Burst, Queue, and Latency and feeding them into our advanced EBS Auto-Scaler.
  • The algorithm of these Auto-Scalers then commands regarding scaling up or down, and the agent carries the instruction without a hitch.

Benefits of Lucidity Auto-Scaler

Deploying Lucidity’s Managed Disk Auto-Scaler will help optimize AWS costs by offering the following benefits:

  • No downtime: The conventional method of resource provisioning requires manual intervention, where the administrators have to monitor storage usage and manually resize the EBS volume. This might lead to delays and downtime. 

For example, to improve a 65% buffer, the manual method would require 4 hours of downtime to shrink 1TB storage. 

Furthermore, any disk upgrade to enhance the buffer by 65% might increase latency by 30%, which means the time to read and write data to an EBS volume will be longer. 

But with Lucididty’s NoOps Disk Auto-Scaler, there will be zero downtime, and you will never run out of space during the surge. Conversely, in situations of small volume demand, Lucidity enables seamless shrinkage, thereby minimizing latency. This is possible because Lucudity begins the expansion of disk storage within 1 minute of the request being raised, and shrinkage occurs seamlessly without any performance degradation. Moreover, through our tailored policy feature, you can decide the desired utilization and the buffer size, which means you can create a policy according to your specific usage. 

To develop a policy, go to the “Manage Policy,” put in the necessary information, and press “Create Policy.” Doing so will optimize all your instances according to the policy's parameters you establish. You can generate “n” number of policies where each one is dedicated to various cases, along with specific usage and buffering requirements. The instances will be automatically managed as per the policies.

  • Seamless Expansion and Shrinkage: AWS operates only on a block storage level and lacks the inherent understanding of the file system or how the data is organized. Hence, while it can increase the EBS volume size, it can not reduce it. Earlier, you had to perform the shrinkage process manually, but not anymore. 
    With Lucidity’s EBS Auto-Scaler, the process gets automated since your storage resources will expand within 1 minute of the requirement being raised and shrink seamlessly without causing downtime, buffer, or performance issues.
    With Auto-Scaler’s automation capabilities and ease of implementation, cloud storage management will no longer be a hassle. Moreover, you can rest assured that there will be no impact on your application process throughout the shrinkage or expansion of the disk. 
    We further empower this feature of automated shrinkage and expansion by allowing you to create customized tailored policies. With this feature, you can set your desired disk utilization, buffer time, and maximum disk size to ensure that your disk storage expands or shrinks as per your requirements.
  • Save up to 70% on storage costs: Using Lucidity's Managed Disk Auto-Scaler, you won't have to pay unnecessary expenses for underutilized resources. As a result, you won't be burdened with provisioning concerns, which will result in saving up to 70% on the storage cost. Our solution ensures disk shrinkage and expansion seamlessly adapts to evolving storage requirements. All of this is achieved without sacrificing performance or causing disruptive downtime. With Lucidity by your side, you no longer have to worry about fluctuating storage requirements.
    It is a common practice for some organizations to overprovision EBS volumes by allocating more storage than necessary so they do not run out of storage. This would mean paying more for unused capacity.

Lucidity offers dynamic resource allocation wherein the NoOps Auto-Scaler monitors the storage usage of EBS volume, automatically expands in 1 minute, and shrinks seamlessly, ensuring there is no downtime and no latency increase, respectively. We will ensure that you will always have enough space for effective resource allocation management, and you will be able to scale with an increase/decrease in demand.

Furthermore, you can check via our ROI calculator how much you will save once you start using Lucidity for storage optimization. All you have to do is set the service provider to AWS, add to your disk spend either by year or month, your disk utilization and annual disk growth rate, and voila! You will have the amount you will save if you have Lucidity’s Managed Disk Auto-Scaler in your system

Further, we take security very seriously; hence, with our Managed Disk Auto-Scaler, there is no need for any network-level or security changes in the system. Other than the storage metrics like disk size, IOPS, latency, and throughput, we do not capture, collect, or access any other data and information. We further ensure that there is no security loophole left by not interfering in the I/O path and ensuring that every action gets logged for auditing.

Moreover, we have a comprehensive security system offering data encryption, tag-based access control, and file-based auditable access, which mitigates any breach or unauthorized access. The network security and compliance also ensure that no data leaves the cloud, and no port is left open. 

During transmission, the data is secured with HTTPS connectivity, and when at rest, it is encrypted with the AES-256 encryption algorithm. Moreover, we do not require any inbound ports to be open.

Furthermore, our secure HTTPS connection, private connectivity, self-hosting ability, and data security give you the confidence to scale your AWS resources while safeguarding the data and ensuring compliance with the best security practices.

2. ProsperOps 

ProsperOps is an AWS cost optimization software that can optimize your AWS environment without disruptions. It utilizes Amazon’s most advanced algorithms and AWS best practices to detect inefficiencies in businesses’ IT infrastructure, underutilized resources, and cost savings opportunities without compromising data privacy and security. 

One of its notable features is its automatic management of Reserved Instances (RIs) and Savings Plans (SPs) prepayment limits. Moreover, ProsperOps optimizes compute costs by intelligently combining convertible and standard instances, ensuring businesses get the most out of their investments without disruptions.

Customer Rating

  • G2: 4.9/5

3. Zesty

It is a cloud management solution and an advanced AWS cost optimization tool. With Zesty’s sophisticated automation features, an organization can quickly minimize cost-saving efforts, leaving room for putting resources into other equally important initiatives. 

Zesty makes processes such as allocating resources and monitoring their usage more efficient with automation, which saves a considerable amount of time that the DevOps team can be dedicated to innovation and other strategic activities. 

Customer Rating

  • G2: 4.8/5

Tools That Provide Profound Visibility And Reporting Features

4. Apptio

Cloudability by Apptio is an AWS cost optimization tool that deploys a business mapping engine, ensuring accurate allocation of all costs, including IT costs. It is a valuable tool in instances such as show-back or charge-back scenarios in an organization. 

In addition to cost allocation, Cloudability employs advanced right-sizing solutions that span multiple public clouds–helping organizations cut unnecessary costs and strategically channel budgets into promising initiatives. 

Using Amazon Web Services (AWS), Cloudability enables companies with cost transparency capabilities that make it easier for the firms to spend wisely, allocate each penny, and provide easy ways to achieve sustainability and increase revenues.

Customer Rating

  • G2: 4.0/5

5. CloudZero

CloudZero offers an innovative solution to optimize costs on the cloud of Amazon Web Service through being proactive about cloud cost management. The company pushes the boundaries of automation by employing an innovative cloud intelligence analyst who carefully scrutinizes the organization’s cloud spending and produces a detailed monthly assessment report with suggestions for optimal utilization of resources. 

As such, this distinct approach helps managers put the cost of the cloud into perspective, leading to a clear understanding of the money they spend on clouds. 

In addition, Cloudzero’s dedication to eradicating cloud overspending cannot be overlooked since it instantly takes action concerning suggestions for the efficiency of resources compliance with budgets.

Customer Rating

  • G2: 4.5/5

6. FinOut

FinOut offers a robust solution for effective cost management by providing comprehensive tools to track expenses at a granular level, including per cost center, namespace, and more. 

With FinOut, you can gain detailed insights into your costs, enabling precise allocation and tracking. The platform offers customizable dashboards and reports, allowing you to measure usage-based expenses accurately. 

This flexibility empowers you to tailor your cost optimization strategies according to your needs and preferences, enhancing overall financial management efficiency.

Customer Rating

  • G2: 4.6/5

7. nOps

Through insight into your resource use and cost assignment of AWS spend, nOps can assist you in reducing it to even 50 percent while still assuring your business’s performance and availability needs are satisfied. 

Utilizing nOps allows you to save costs significantly with minimal manual intervention, thereby saving valuable resources that could be used for strategic development and growth. It even lets you save on your cloud bill by automatically turning off the resources you haven't used for the longest time. 

The software automatically adjusts to any changes in the configuration of your compute resources by buying or selling reserved compute time.

Customer Rating

  • G2: 4.8/5

8. Harness

Harness is an all-in-one hybrid cloud management and cost optimization tool for simplified AWS service management. This gives solid footing for gathering and analyzing cloud spending data and reporting, giving organizations deep insights into their cost structure. 

Using Harness, companies can adapt cost management solutions for their need with customized dashboards, selected cost categories, and Kubernetes cost analysis functions. 

It also provides a proactive capability of cost anomaly detection and resolution; it identifies expensive problems and takes correct action immediately. As a result, there is no need for any custom scripts or manual engineering on cloud cost optimization thanks to Harness, which actively uses idle cloud resources. 

It even lets you analyze current spending habits and compare them with budgetary targets with machine learning-based forecasting. Based on this, you can see what resources are being used, idled, and unallocated by the hour.

Customer Rating

  • G2: 4.6/5

9. Yotascale

Yotascale offers invaluable real-time cost anomaly reports, enabling companies to promptly identify and address potential cost issues. Its capabilities extend to sophisticated workload right-sizing and efficient management of AWS Reserved Instances (RI) and Savings Plans (SP). 

Additionally, Yotascale provides actionable recommendations tailored to generate savings for businesses while reducing overall production costs. This multifaceted approach makes Yotascale an essential tool for companies seeking to optimize their cloud spending and enhance cost efficiency.

Customer Rating

G2: 4.6/5

10. Opsani

Opsani can self-manage runtime environments and optimize applications at large. With the help of AI-driven optimization, Opsani dynamically adjusts to changes in workloads and resource needs, thereby keeping apps running efficiently at minimum cloud cost. 

Opsani simplifies the monitoring process through a user-friendly, comprehensive report. This report covers crucial aspects such as traffic analysis, service level objectives, and costs. 

Opsani automates the scaling process by intelligently selecting when to scale up or down based on your specific requirements, including duplicate needs and cost constraints. This intelligent approach ensures that Opsani optimally aligns your resources, meeting service-level objectives while keeping costs in check.

Customer Rating 

  • G2: 4.4/5

11. Economize

Economize is a versatile cloud cost optimization tool designed to assist enterprises in analyzing, managing, and optimizing their AWS costs. 

With a comprehensive set of features, Economize enables organizations to monitor their cost spending, identify areas for optimization, and simplify the forecasting process. 

Its adaptive approach empowers businesses to make informed decisions, maximize cost-efficiency, and achieve optimal utilization of cloud resources.

Customer Rating

  • G2: 4.75/5

AWS Native Tools

12. AWS Cost Explorer

AWS Cost Explorer is an advanced cost optimization solution that helps enterprises thoroughly analyze and optimize their AWS spending. It uses powerful data analytics, which helps organizations understand their cost trends by revealing spending patterns on AWS at different times. 

Also, AWS Cost Explorer predicts future costs, facilitating planning and budgeting. It provides insights about data for the current month and the last 12 months and offers forecasts for the coming 12 months. 

Moreover, it enables companies to zero in on areas requiring more attention or where it is possible to save costs or find irregularities.

Customer Rating

  • G2: 4.4/5

13. AWS Trusted Advisor

AWS Trusted Advisor is an optimization tool that helps you save costs by finding underutilized or inefficient elements of your AWS infrastructure. Through AWS Trusted Advisor, enterprises may save inappropriate costs for unnecessary items by receiving suggestions based on best practices and AWS guidelines. 

It analyzes usage, configurations, and spending and offers actionable recommendations to maximize cost savings. AWS Management Console provides an interactive dashboard with various views on different aspects of your AWS environment, like cost management, security, and performance. 

It suggests foundational security measures to improve the security of the AWS environment.

Customer Rating

  • G2: 4.4/5

14. AWS Budgets

AWS Budgets is a cost optimization tool that empowers organizations to manage their AWS expenses by setting personalized budgets and getting notified whenever a cost or usage exceeds or exceeds the forecasted or expected budgeted limit. 

Using AWS Budgets, companies can define their budgetary limitations by different parameters, such as tagging, accounts, or kinds of resources. Such granularity allows for accurate cost tracking and management, keeping expenses within financial objectives and limits.

You can create your budget by using the AWS Budgets. With AWS, you can allocate budgets for various factors associated with your resources, including the cost, and utilization of particular services/accounts. With AWS Budgets, users can organize their budget according to a monthly, quarterly, or annual periodical cycle.

Customer Rating

  • G2: 4.1/5

15. AWS CloudWatch

AWS CloudWatch is a full-fledged monitoring and cost management tool that helps users measure resources like logs and metrics, set off alarms, or even auto-react to any changes. 

Your applications and infrastructure real-time performance will be insightful so you can easily detect and solve issues arising. This enables efficient resource optimization by enabling automatic reactions based on specified thresholds and regularities, thus making sure that your AWS resources work correctly and at an affordable cost.

With CloudWatch, you can create dashboards showing real-time metrics and logs. It also allows you to easily manage and analyze log data from different sources with log streams.

Customer Rating

  • G2: 4.3/5

16. AWS CloudTrail

With CloudTrail being very affordable, it has proven to be instrumental to audit and security because it allows the capture of real-time user activities in the entire AWS infrastructure space. 

The recording of API calls and user actions helps to capture a history of AWS usage for various entities for legal purposes. With this, auditing becomes accessible for compliance, troubleshooting, and security analysis since an audit trail allows you to identify who did what in your AWS environment clearly.

Customer Rating

  • G2: 4.6/5

17. Amazon S3 Analytics

Amazon S3 Analytics is an automated analysis and visualization tool of Amazon S3 Storage that helps customers with decision-making concerning moving data to various storage classes. 

The solution looks deeper into access patterns, data life cycles, and cost optimization opportunities for firms to cut storage costs while guaranteeing data availability and durability.  

It also provides deep data insights using ML, AI, and data analytics and helps eliminate operational challenges by allowing data archival to S3. 

Customer Rating

  • G2: 4.7/5

18. AWS Cost and Usage Report(CUR)

Using the CUR report, you can analyze your expenditure on various services and AWS resources to determine what drives cost and allocations per department or project. It even lets you automatically send the CUR in CSV format if required. 

With this information, a company using AWS can make data-driven decisions at any point to optimize its deployment onto the cloud. These active columns conform to particular services at your perusal, allowing maximum flexibility and analysis. You can publish the entire billing report into the S3 bucket.

Customer Rating

  • G2: 3.7/5

Tools That Focus On Optimizing Compute Resources

19. CloudCheckr

CloudCheckr is a robust optimization engine designed to ensure customers achieve significant cost savings on cloud expenditures without compromising application flexibility or performance. 

By analyzing intricate details of customer cloud usage patterns, providing insightful analytics, offering remediation advice, and employing automatic resource tracking, CloudCheckr delivers comprehensive solutions. 

This empowers users with profound insights and actionable recommendations, enabling them to make informed decisions that prevent unnecessary expenses while maintaining optimal application performance. 

Customer Rating

  • G2: 4.1/5

20. Densify

Densify is a company that provides optimization services for Kubernetes and containerized workloads, thus ensuring their operation does not entail extra costs. Machine learning analysis helps identify workload patterns to determine the optimal size for computing and instances. 

Moreover, it does well in managing cloud instances that enable firms to make decisions concerning allocations of resources, resizing, and cost-saving strategies, among others. 

Using Densify provides companies with a simple and effective means of implementing cloud and container management to achieve high performance at reduced costs, thereby promoting cost efficiency.

Customer Rating

  • G2: 3/5

21. Spot

Spot is the cloud cost management platform that changes cloud infrastructure for enterprises. The main reason why Spot stands is that it has unbeatable automation capabilities, which allow you to always use suitable, efficient, as well as affordable infrastructures for the workload. 

Spot eliminates these risks through automated cloud infrastructure provisioning, thus ensuring that your application remains supported constantly. It even helps reduce data requirements and cuts cloud storage costs. This helps ensure business continuity with minimal disruption.

Customer Rating

  • G2: 4.4/4

22. Granulate

Granulate employs AI-based real-time operating system (OS) adjustments to optimize computing resources effectively. This innovative technology enables Granulate to handle diverse workloads by dynamically adjusting its deployment in response to specific tasks and their impacts. 

By tailoring its resource allocation, Granulate ensures optimal performance and responsiveness making it a valuable solution for businesses with varying computing demands.

Customer Rating

  • G2: 5/5

23. CloudBolt

CloudBolt is an advanced hybrid and multi-cloud cost management platform that empowers organizations with comprehensive control over their cloud resources and expenditures. 

Its features include identifying idle resources, automating policy-driven resource orchestration based on custom policies, seamlessly switching between multi-cloud costs without constraints, and providing consolidated analysis on a unified platform.

Moreover, CloudBolt facilitates real-time assessments, enabling organizations to make informed decisions and effectively minimize unnecessary spending, making it an invaluable tool for optimizing cloud expenses and enhancing overall operational efficiency.

Customer Rating

  • G2: 4.7/5

The Time For An Efficient AWS Cost Optimization Is Now!

Balancing high-quality performance, security, and cost control is crucial when leveraging AWS. AWS cost optimization tools mentioned above will transform cost management from a tedious task to a strategic move, improving efficiency and return on investment. 

Among the myriad tools and software options in the market, Lucidity stands out by specifically targeting and effectively addressing key challenges in AWS EBS management. It tackles issues such as cost wastage, downtime, and inefficient utilization of DevOps teams with a unique approach that guarantees peace of mind.

Lucidity achieves this by optimizing EBS resources, ensuring that organizations only pay for what they need. This streamlined resource allocation leads to significant cost savings and minimizes wastage. Additionally, by reducing downtime and preventing unnecessary expenses, Lucidity allows businesses to focus their DevOps teams on innovation and strategic initiatives rather than juggling resources.

Don’t let EBS challenges hold you back.

Reach out to Lucidity experts today.

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