AWS Service: AWS Cost Explorer
Question: What are the different visualizations and reports available in AWS Cost Explorer and how can they be used for cost optimization?
Answer:
AWS Cost Explorer provides various visualizations and reports that can help gain insights into AWS usage and costs. Some of the available visualizations and reports include:
Cost and usage by service: This report provides a breakdown of costs by service, enabling you to identify which services are the most expensive and optimize usage accordingly.
Cost and usage by instance type: This report provides a breakdown of costs by instance type, enabling you to identify which instance types are the most expensive and optimize usage accordingly.
Monthly spend by linked account: This report provides a breakdown of costs by linked account, enabling you to identify which accounts are the most expensive and optimize usage accordingly.
Reserved Instance utilization: This report provides information on the utilization of Reserved Instances, enabling you to identify opportunities to purchase more or sell unused Reserved Instances.
Cost forecasts: Cost Explorer can also provide cost forecasts based on historical usage, enabling you to plan for future expenses and optimize usage accordingly.
Custom reports: Cost Explorer also allows for custom reports to be created based on specific metrics and dimensions.
These visualizations and reports can be used to identify cost optimization opportunities, such as identifying underutilized resources, purchasing Reserved Instances for cost savings, and adjusting usage patterns to reduce costs.
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