AWS Well-Architected Framework - Cost pillar

The AWS Well-Architected Framework's Cost Optimization pillar provides strategies for managing AWS expenses effectively by leveraging the consumption model, which allows users to pay only for what they use. Key strategies include designing infrastructure to scale automatically with demand, utilizing AWS services like EC2 Auto Scaling and AWS Lambda, and regularly measuring efficiency through metrics such as resource utilization and operational costs. Right-sizing resources, choosing cost-effective options like Spot Instances and Savings Plans, and continuous optimization through monitoring tools like AWS Cost Explorer and AWS Budgets are emphasized. Additionally, fostering a cost-aware culture, involving stakeholders in cost management, and implementing processes for monitoring and reporting are crucial for maintaining cost efficiency and ensuring that infrastructure remains both cost-effective and high-performing over time.