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How to use CostQ

How to use CostQ​

CostQ is a cloud cost optimization platform that helps businesses monitor, analyze, and reduce their AWS expenses. It leverages AI-driven insights and group buying strategies to identify savings opportunities and optimize cloud costs effectively.

1. AWS Account Integration​

  • Users link their AWS account by creating a CloudFormation stack.
  • CostQ retrieves billing and usage data to analyze spending patterns.

2. Data Collection & Analysis​

  • CostQ continuously pulls AWS cost and usage data in real-time.
  • AI algorithms analyze usage trends and detect inefficiencies.
  • Provides cost breakdowns by service, resource, and usage type.

3. Cost Optimization Strategies​

CostQ identifies and recommends cost-saving measures, including:

  • Right-Sizing Recommendations: Suggests optimal instance sizes based on usage.
  • Unused & Idle Resource Detection: Highlights underutilized resources.
  • Savings Plan & RI Recommendations: Identifies opportunities for Reserved Instances and Savings Plans.
  • Group Buying Discounts: Offers collective purchasing benefits for AWS services.

4. Cost Monitoring & Forecasting​

  • Provides a real-time dashboard for tracking AWS expenses.
  • Forecasts month-end costs based on current spending trends.
  • Sends alerts for unusual spending spikes or anomalies.

5. Security & Compliance Checks​

  • Scans AWS accounts for security vulnerabilities.
  • Suggests best practices to improve cloud security and compliance.

6. Automated Invoice Management​

  • Consolidates AWS billing data into an easy-to-read format.
  • Allows users to track invoices and payment history.

7. User-Friendly Interface​

  • Intuitive dashboard with detailed analytics and reports.
  • Simple onboarding process to integrate AWS accounts seamlessly.

By leveraging CostQ, businesses can significantly reduce their AWS costs while maintaining efficiency and security.