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 AWS Pricing Calculator can be used to estimate costs before deployment. AWS Pricing Calculator is a tool that helps the user to compare the cost of AWS services for different use cases and configurations. The user can create estimates for various AWS services, such as Amazon EC2, Amazon S3, Amazon RDS, and more. The user can also adjust the parameters, such as region, instance type, storage size, and duration, to see how they affect the cost. AWS Pricing Calculator provides a detailed breakdown of the estimated cost, as well as a summary of the key drivers of the cost.

AWS Budgets gives you the ability to set custom budgets that alert you when your costs or usage exceed (or are forecasted to exceed) your budgeted amount. You can also use AWS Budgets to set reservation utilization or coverage targets and receive alerts when your utilization drops below the threshold you define2.

 The benefit of the AWS Cloud that helps companies achieve lower usage costs because of the aggregate usage of all AWS users is economies of scale. Economies of scale means that AWS can achieve lower costs and higher efficiency by operating at a massive scale and passing the savings to the customers. AWS leverages the aggregate usage of all AWS users to negotiate better prices with hardware vendors, optimize power consumption, and improve operational processes. As a result, AWS can offer lower and more flexible pricing options to the customers, such as pay-as-you-go, reserved, and spot pricing models. No need to guess capacity, ability to go global in minutes, and increased speed and agility are other benefits of the AWS Cloud, but they are not directly related to the aggregate usage of all AWS users. No need to guess capacity means that AWS customers can avoid the risk of over-provisioning or under-provisioning resources, and scale up or down as needed. Ability to go global in minutes means that AWS customers can deploy their applications and data in multiple regions around the world, and deliver them to users with high performance and availability. Increased speed and agility means that AWS customers can quickly and easily provision and access AWS resources, and accelerate their innovation and time to market.

Cost optimization is the pillar of the AWS Well-Architected Framework that focuses on the return on investment of moving into the AWS Cloud. Cost optimization means that users can achieve the desired business outcomes at the lowest possible price point, while maintaining high performance and reliability. Cost optimization can be achieved by using various AWS features and best practices, such as pay-as-you-go pricing, right-sizing, elasticity, reserved instances, spot instances, cost allocation tags, cost and usage reports, and AWS Trusted Advisor. [AWS Well-Architected Framework] AWS Certified Cloud Practitioner - aws.amazon.com