Aimed at finance and management functions, this talk explains what cost optimization means in the cloud and how you can enable your organization to optimize costs. We break down what optimization actually means and how much you should invest in it. We then discuss the cultural aspects to address when promoting optimization and developing capability across your business. Finally, we explore some of the common areas in which to achieve optimization: governance, pricing models, financial processes, service selection, and cost controls. Please join us for a speaker meet-and-greet following this session at the Speaker Lounge (ARIA East, Level 1, Willow Lounge). The meet-and-greet starts 15 minutes after the session and runs for half an hour.

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Effective cost optimization for
business
A R C 2 0 1
Nathan Besh
Cost Lead
Well-Architected
Jarman Hauser
Commercial Architect
Business Development
Jack Laing
Lead Engineer
GE

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Agenda
Presentation – 15min
Q&A – 40min

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Why do you incur cost?
• Business
• Innovate
• Reward

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What works?
Dedicated focus
Core function of doing cloud
Throughout the organization, not across
Cost optimization is done, not applied
Business capability
Developed over time
Goals
Culture

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First steps
Vision and direction Plan your journeyBuild a team
AWS

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Allocation and value

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Cost savings opportunities
Resource
Type & Size
Deep analysis of
workload components
Cost
Models

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GE billing 1.0
Cost out
External vendors were expensive
Unnecessary hooks to other tools
Simplify
All internal
Decoupled from other applications
Resource minimization
Start: four teams, three states, two vendors
End: automated, one team

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GE billing 2.0
Forecasting
Spend by category
Business logic
Budget deadlines
Source of truth
Metadata on all accounts
Ingest data from several sources
Cloud data suite
Bot tools for cost allocation tag enforcement
Resource data tools for compliance

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16. Thank you!
© 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.
Nathan Besh
Cost Lead
Well-Architected
Jarman Hauser
Commercial Architect
Business Development
Jack Laing
Lead Engineer
GE

17. © 2018, Amazon Web Services, Inc. or its affiliates. All rights reserved.