Honest Review for AWS Cost Explorer
Use Cases and Deployment Scope
AWS Cost Explorer help us to gain visibility and control our cloud spending. It helps us analyze historical costs, track usage patterns, and identify trends across services, accounts, and teams. Cost Explorer also is extensively used for forecasting future expenses, setting budgets, and creating alerts to prevent overspending. For FinOps teams, it’s an essential tool for optimizing cloud resources, improving financial accountability, and driving cost efficiency across our organization.
Pros
- Cost management
- Cost Recommendations
- Forecast
- Usage
Cons
- granular data such as Kubernetes usage, cost and optimization
- spot recommendations
- granular data such as AI usage, cost and optimization
Likelihood to Recommend
Detect sudden increases in spending and drill down to root causes. Review monthly AWS bills to identify top services and accounts driving costs. Monitor costs against budgets and set alerts to prevent overspending. Predict upcoming costs based on historical trends for financial planning. Allocate costs to teams or projects using tags and linked accounts. Check utilization of Reserved Instances or Savings Plans for optimization.
