Data-driven approach: Optimizing on-demand cost of AWS Elemental MediaLive

This article provides a comprehensive guide to optimizing AWS Elemental MediaLive costs using a data-driven approach, focusing on strategic reservation management through AWS Cost and Usage Reports (CUR) and Amazon QuickSight.

• Explains two pricing options for MediaLive: On-Demand and Reserved pricing
• Walks through creating an Athena database and view for analyzing MediaLive usage
• Details steps to configure QuickSight for visualizing MediaLive spend
• Recommends creating four key visuals:
  • On-Demand Spend by Account IDs
  • On-Demand Cost by Account ID and Usage Type
  • Reservation Recommendations by Usage Type
  • Recommended Reservations and On-Demand Spend
• Advises proactively monitoring reservation utilization and adjusting strategy over time

The goal is to help media companies optimize their MediaLive costs by making informed decisions about on-demand and reserved instances.