Summary and Quiz

This lesson will summarize what we have learned about Billing and Cost Management services. We’ll also test our knowledge through a quiz.

Summary

Here is a summary of key takeaways from the Billing and Cost Management section:

• AWS Cost Explorer: It is an expansive AWS service for managing billing and cost details, encompassing several services that allow us to view bills, explore costs, set budgets, generate financial reports, make saving plans, detect cost anomalies for AWS, and much more.

• AWS Cost Anomaly Detection: It detects and alerts us on unusual AWS spending patterns. It uses machine learning to initially monitor our spending patterns to develop a baseline. Using this baseline, it continuously monitors costs and alerts us of cost anomalies.

• AWS Budgets: AWS Budgets help us plan and set up budgets to control AWS costs. We can use it to set up cost budgets, usage budgets, saving plans, and reservation budgets.

Test your knowledge

Solve the quiz below to test the concepts you learned in this chapter.