AWS Budgets
Blog post from Stream.Security
Cost management within the Amazon Web Services (AWS) environment is crucial for efficient operation, and AWS Budgets serves as a comprehensive tool to aid in planning, monitoring, and controlling AWS expenditures. By allowing users to create custom budgets tailored to specific organizational needs across various cost dimensions such as service, linked account, tag, and region, AWS Budgets enhances visibility and control over spending. It provides detailed insights into costs and usage patterns, facilitating close monitoring and proactive optimization of AWS spending. Users can set up budget alerts to receive notifications when costs or usage exceed predefined thresholds, thus enabling timely corrective actions. Additionally, AWS Budgets offers cost and usage forecasts based on historical data, supports cost allocation tags for granular spending analysis, and integrates with AWS Cost Explorer and AWS Budget Reports for a comprehensive view of spending patterns, cost optimization opportunities, and informed decision-making regarding resource allocation.