Cost Management

Costs

The costs of GeminiDB Redis API are as follows:

• Resource costs: costs of compute and storage resources. For details, see Billing Modes.
• O&M costs: labor costs incurred in using GeminiDB Redis API

Cost Allocation

A good cost accountability system is a prerequisite for cost management. It ensures that departments, business teams, and owners are accountable for their respective cloud costs. An enterprise can allocate cloud costs to different teams or projects so as to have a clear picture of their respective costs.

Huawei Cloud Cost Center provides various tools for you to group costs in different ways. You can experiment with these tools and find a way that works best for you.

• By linked account

  The enterprise master account can manage costs by grouping the costs of its member accounts by linked account. For details, see Viewing Costs by Linked Account.

• By enterprise project

  Before allocating costs, enable Enterprise Project Management Service (EPS) and plan your enterprise projects based on your organizational structure or service needs. When purchasing cloud resources, select an enterprise project so that the costs of the resources will be allocated to the selected enterprise project. For details, see Viewing Costs by Enterprise Project.

  Figure 1 Selecting an enterprise project
  

• By cost tag

  You use tags to sort your Huawei Cloud resources in a variety of different ways, for example, by purpose, owner, or environment. The following is the process of managing costs by predefined tags (recommended).

  Figure 2 Adding tags
  

  

  For details, see Viewing Costs by Cost Tag.

• By cost category

  You can use cost categories provided by Cost Center to split shared costs. Shared costs are the costs of resources (compute, network, storage, or resource packages) shared across multiple departments or the costs that cannot be directly split by cost tag or enterprise project. These costs are not directly attributable to a singular owner, and they cannot be categorized into a singular cost type. In this case, you can define cost splitting rules to fairly allocate these costs among teams or business units. For more information, see Allocating Costs By Cost Category.

Cost Analysis

To precisely control and optimize your costs, you need a clear understanding of what parts of your enterprise incurred different costs. Cost Center visualizes your original costs and amortized costs using various dimensions and display filters for cost analysis so that you can analyze the trends and drivers of your service usage and costs from a variety of perspectives or within different defined scopes.

You can also use cost anomaly detection provided by Cost Center to detect unexpected expenses in a timely manner. In this way, costs can be monitored, analyzed, and traced.

For details, see Performing Cost Analysis to Explore Costs and Usage and Enabling Cost Anomaly Detection to Identify Anomalies.

Cost Optimization

You can identify resources with high costs based on the analysis results in the cost center, determine the causes of high costs, and take optimization measures accordingly.

Resource optimization

• You can view GeminiDB Redis API metrics on Cloud Eye, such as CPU, memory, and disk usage. If the current configuration is too high, you can downgrade instance specifications.
• You can monitor idle GeminiDB Redis instance resources and delete idle instances in a timely manner.
• You can buy capacity-oriented instances for workloads with low requirements on performance stability to reduce costs.

Billing mode selection

Different types of services have different requirements on resource usage periods, so the most economical billing mode for one resource may not be the best option for another.

• Yearly/Monthly billing is suitable for long-term stable workloads.
• Pay-per-use billing is ideal for short-term, burst, or unpredictable workloads that cannot be interrupted.
• Monitor the instance lifecycle and renew yearly/monthly resources before they expire.