Caching Cost Savings

Redis or Memcache:

• Use reserved instances or savings plans to reduce the hourly rate for cache nodes, compared to on-demand pricing.
• Optimize cache usage by setting expiration times for keys, utilizing cache eviction policies to remove stale data, and monitoring cache hit rates to avoid over-provisioning.
• Consider using a smaller cache node size for non-critical use cases or during periods of lower traffic to save on hourly rates.
• Use Redis or Memcache's built-in compression and serialization features to reduce data transfer costs and optimize cache storage capacity.
• Use cost allocation tags to track and optimize cache costs, finding resources and operations driving costs and optimize.