<ul><li>AWS offers various strategies for cost optimization to maximize the value of your investment.</li><li>Strategies include architecting for cost optimization using serverless computing and multi-AZ deployments.</li><li>Utilize AWS Global Accelerator for enhanced application performance across regions.</li><li>Define Disaster Recovery (DR) and High Availability (HA) strategies based on application and business needs.</li><li>Explore cost optimization solutions in AWS Marketplace and utilize third-party cost management tools.</li><li>Implement rule-based billing, set budgets, and allocate costs efficiently for business applications.</li><li>Utilize AWS Trusted Advisor, CloudWatch alarms, and Anomaly Detection for monitoring and alerting.</li><li>Understand AWS pricing models including Pay-as-you-go, Reserved Instances, Savings Plans, and Spot Instances.</li><li>Optimize data storage costs with strategies like S3 Intelligent-Tiering and lifecycle policies.</li><li>Use AWS serverless services like Lambda, API Gateway, and Aurora Serverless for cost efficiency.</li></ul>

Effective Strategies for AWS Cost Optimization

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