When I configure my AWS credentials, do I not need to install the Oneagent on the instances? or do I need to install?
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Those credentials will only allow you to monitor metrics from cloud watch like cpu etc. but you will not see transactions. For this case you have to install OneAgent on proper instances.
Just one more question, to monitor AWS lambda, is it possible to install an agent? Or does CloudWatch already have the analysis I need?
For lambda you don’t install agent, you are using different approach: