Discover in this 47-minute conference talk from AWS re:Invent 2023 how to optimize both performance and costs by implementing Amazon ElastiCache with Amazon RDS and Aurora databases. Learn about achieving up to 55% cost reduction and 80x faster read performance through effective caching strategies. Explore practical methods for identifying which database workloads are prime candidates for caching implementation, backed by real-world examples demonstrating both performance improvements and cost optimization. Gain valuable insights into the financial benefits of caching specifically for Amazon Aurora and Amazon RDS workloads, with detailed explanations of implementation strategies and best practices for maximizing database efficiency in AWS cloud environments.