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A company had a tight deadline to migrate its on-premises environment to AWS. It moved over Microsoft SQL Servers and Microsoft Windows Servers using the virtual machine import/export service and rebuild other applications native to the cloud. The team created both Amazon EC2 databases and used Amazon RDS. Each team in the company was responsible for migrating their applications, and they have created individual accounts for isolation of resources. The company did not have much time to consider costs, but now it would like suggestions on reducing its AWS spend. Which steps should a Solutions Architect take to reduce costs?
Low Risk
Situations or investments that have a minimal chance of loss or failure.
High Risk
refers to situations or activities with a high potential for loss or danger, often in the context of investments or decisions.
Insurance
A financial product that provides protection against possible future losses in exchange for a premium.
Adverse Selection
A situation where asymmetrical information leads to a mismatch between buyers and sellers, with one party having more or better information than the other.
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