Data engineering teams are facing soaring infrastructure costs that challenge the initial promises of cloud scalability. With fragmented systems and a lack of financial awareness, organizations struggle to manage expenses effectively, but embracing a platform team model and improved cost visibility can lead to significant savings and optimized operations.

Amazon EC2 Capacity Manager is a new centralized solution that simplifies the monitoring, analyzing, and managing of capacity usage across all AWS accounts and regions from a single interface. It aggregates capacity data, provides insights into usage patterns, optimizes costs by identifying underutilized resources, and eliminates the need for custom automation or manual data collection. The service also offers detailed dashboards and export capabilities for enhanced analysis and decision-making.

A fintech client significantly reduced their AWS costs by $3,000 per month through the strategic implementation of AWS Graviton instances and Spot Instances. By optimizing their compute-intensive services and employing a hybrid strategy, they achieved notable performance improvements and substantial savings without compromising service availability.