AWS Cost Explorer
A tool that allows users to visualize, understand, and manage their AWS spending.
Description
AWS Cost Explorer is a powerful web-based tool designed for AWS users to gain insights into their cloud spending patterns. It enables users to view their costs and usage data over time, helping them identify trends and anomalies in their AWS expenditures. The tool provides a flexible interface for filtering and grouping data by various dimensions such as service, linked account, or cost allocation tag. With Cost Explorer, organizations can create custom reports and forecasts, allowing them to project future costs based on historical data. This proactive approach helps businesses optimize their cloud resources and budget effectively. Moreover, Cost Explorer integrates with AWS Budgets, enabling users to set spending limits and receive alerts when they approach those limits, thus promoting better financial governance of cloud resources.
Examples
- A company uses Cost Explorer to analyze monthly spending on Amazon EC2 and discovers that costs have significantly increased due to underutilized instances.
- An organization utilizes Cost Explorer to forecast its AWS costs for the next quarter based on historical spending trends, allowing for better budget planning.
Additional Information
- Cost Explorer allows users to visualize data through a variety of chart types, including line charts and bar graphs, making it easier to interpret financial information.
- The tool provides recommendations for cost optimization, such as identifying opportunities for reserved instances or savings plans based on usage patterns.