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Table of contents
1.
Introduction
2.
AWS Cost Explorer
3.
Enabling AWS Cost Explorer
4.
Exploring Data using Cost Explorer
5.
Using AWS Cost Explorer Chart
6.
Frequently Asked Question
6.1.
What is AWS?
6.2.
What is AWS Cost Explorer?
6.3.
What is the AWS Cost Explorer Group By option?
6.4.
Does AWS Cost Explorer allow us to modify charts? 
6.5.
What details can we get from AWS Cost Explorer?
7.
Conclusions
Last Updated: Mar 27, 2024
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AWS Cost Explorer

Author Gaurav Joshi
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Introduction

AWS provides us with many features like Amazon Connect, AWS Fault Injection Simulator etc., tools that help developers in each sense and make running an online business easier for owners. These good-sounding features come at a cost for the organization. Users find it hard to budget their AWS bill and forecast costs and methods to reduce their overall AWS Bill. Which is becoming too heavy for their pockets, and what benefit a service does if it doesn't fit into the customer's pocket.

There felt an obvious need for having an AWS native tool that could provide Users with a closer look at their spending over time. The monthly bill and basic cost breakdown previously provided were just not adequate. So AWS came up with AWS Cost Explorer. A tool that helps users view and analyze their costs and usage.AWS Cost Explorer helps the user understand their costs and forecast their future costs. Using this, the user could manage their costs holistically and optimize their future costs.     

                                                                       

                                                                                 Source:- memegenerator.net  

AWS Cost Explorer

Monitoring Cost is an essential aspect for developers. AWS Cost Explorer is a tool that comes with an easy-to-use interface that enables users to help visualize and analyze their costs and usage over time. It allows them to explore their usage and costs using the main graph, the Cost Explorer cost and usage reports, or the Cost Explorer RI reports. Users can view data for up to the last 12 months, which helps them forecast how much they're likely to spend for the next 12 months. This helps them in maintaining future costs. They can get recommendations for what Reserved Instances to purchase. 

                                                                                           Source:- aws.amazon.com        

 

Not only that, AWS Cost Explorer allows users to view their costs and usage using the Cost Explorer user interface too free of charge. Dataset used in AWS Cost Explorer is the same for generating the AWS Cost and Usage Reports and detailed billing reports.

AWS Cost Explorer also provided us with preconfigured views that display at-a-glance information about user cost trends and gives the user a head start on customizing their views that suit their business needs. When we first sign up for Cost Explorer, AWS prepares the data about costs for the current month and the last 12 months, and then it calculates the forecast for the next 12 months.

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Enabling AWS Cost Explorer

Users can enable AWS Cost Explorer for their AWS account using the Billing and Cost Management console procedure. AWS Cost Explorer can't be enabled using the API. After enabling Cost Explorer, AWS prepares the data about user costs for the current month and the previous 12 months and then calculates the forecast for the next 12 months. The current month's data is available about 24 hours after enablement. The rest of the data takes a few days longer. 

To Sign Up for AWS Cost Explorer

  • After signing in to the AWS Management Console, open the AWS management console.
  • Choose Cost Explorer in the navigation pane
  • Welcome to Cost Explorer Page appears
  • Select launch Cost Explorer

 

                                                                                           Source:- aws.amazon.com     

Exploring Data using Cost Explorer

In the AWS Cost Explorer dashboard, the user can get all the following details. It shows users estimated costs for the month to date, their forecasted costs for the month, a graph of their daily costs, users' five top cost trends, and a list of reports they recently viewed.

                                                                             Source:- aws.amazon.com 

We can get the following details from AWS Cost Explorer.

  • User Cost Explorer costs
  • User Cost Explorer trends
  • User daily unblended costs
  • User monthly unblended costs
  • User net unblended costs
  • User recent Cost Explorer reports
  • User amortised costs

Using AWS Cost Explorer Chart

Users can view their AWS costs as either a cash-based view with unblended costs or an accrual-based view. In a cash-based view, costs are recorded when cash is received or paid. In an accrual-based view, costs are recorded when income is earned, or costs are incurred. 

Users can view data for up to the previous 12 months and, based on that forecast, how much we are likely to spend for the coming 12 months. We, as a user, can also specify time ranges for the data and view time data by day or by month.

AWS Cost Explorer gives us an option of modifying the charts based on our use case. Users can modify Cost Explorer's parameters to create their chart to explore different data sets.AWS Cost Explorer gives us the option to do the following modification 

You can modify the parameters that Cost Explorer uses to create your chart to explore different data sets.

  • Allow us to select a style for our chart.
  • Allow us to choose time ranges for the Data that we want to view
  • Allow us to Group data by using  filter type
  • Allow us to Filter the Data that we want to view
  • Choosing advanced options
     

                                              

                                                           Source:- memegenerator.net

Frequently Asked Question

What is AWS?

A subsidiary of Amazon helps to provide an on-demand cloud computing platform on a pay-as-you-go model.

What is AWS Cost Explorer?

AWS Cost Explorer is a tool that comes with an easy-to-use interface that enables users to help visualize and analyze their costs and usage over time.

What is the AWS Cost Explorer Group By option?

The "Group By" option in AWS Cost Explorer lets users display data grouped by the some mentioned filters. 

Does AWS Cost Explorer allow us to modify charts? 

AWS Cost Explorer gives us an option of modifying the charts based on our use case. Users can modify Cost Explorer's parameters to create their chart to explore different data sets. It allows us to select the style of the chart, choose time ranges for data, group data by using group by filter, etc.

What details can we get from AWS Cost Explorer?

AWS Cost Explorer helps us provide information on User Cost Explorer costs, User Cost Explorer trends, User daily unblended costs, User monthly unblended costs, User net unblended costs, User recent Cost Explorer reports, and User amortized costs

Conclusions

In this article, we have extensively discussed the AWS Cost Explorer. We saw how to enable it and its uses, features, and critical concepts. 

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