Reserved Instances (RI)

Amazon AWS Reserved Instances Decisions Without Stress

  • AWS Reserved Instance Calculator in Real Time
    Newvem continuously analyzes the utilization of your AWS cloud and identifies your reserved instance recommendation based on you usage patterns.

  • Recommends “no regret” purchase
    Newvem indicates how many and what type of AWS Reserved Instances will cover your consistent usage.

  • Tracks RI efficiency & improvements
    Newvem tracks the efficiency of your Reserved Instances purchases and alerts you when they are about to expire or if under utilized you should consider selling them.

  • Fine tunes overall Compute Utilization
    Newvem comprehensively analyzes your AWS EC2 resource utilization and recommends usage improvements across all your AWS instances to maximize RI usage and ROI.

Amazon AWS Reserved Instance Calculator in real time by Newem

The AWS reserved instance calculator by Newvem is a true real time calculator that continuously calculates and recommends no regret / no risk reserved instance purchases to ensure financial efficient usage of Amazon EC2 reserved instances. This is not a gimmick or a spreadsheet not a simulator or an heuristic calculation! Newvem believes that the best recommendation is made from real and actual usage data that ensures usage accuracy. It is a real analysis done by Newvem Analytics in a non-invasive and non-intrusive way without any need to implement anything. Newvem identifies consistent usage that will justify in a very predictable manner proper AWS reserved instances purchases to replace consistent AWS EC2 on demand usage.

Amazon AWS Reserved Instance Life Cycle Management Tool by Newvem

A comprehensive tool that tracks the full lifecycle of an AWS Reserved Instance purchase decision, its on going operation and termination of  an AWS Reserved Instance.

Newvem follows the following 4 step lifecycle methods:

  •  Prepare & PlanPlanning for RI adoption

  •  ImplementPurchase and adopt RIs

  •  TrackRI Usage

  •  ImproveRecycle RI

Understand what is your compute consumption

• What compute resources you use, when you use them and where.
• Your usage pattern - how many instances you consume on a hourly basis, when those hours are used, where, and what are the instance types.
• Your compute consumption trends and seasonality.
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Determine if what you consume is really what you need

• How well the your compute resources are utilized, if you are wasting resources, or have under-provisioned resources or need to add more resources to your deployment.
• Who is the “customer” for your resources, what is the ROI priority that dictates the Service Level of your business.

Determine how your future compute consumption will look

• Gather your business  requirements for the period being planned.
• Estimate your resource needs beyond organic growth and how they will evolve through the duration of reserved instances.

Determine what type of RIs will be more cost effective for you

Based on your usage patterns identified in the planning phase, identify what types of RIs you need  (instance type, AWS Availability Zones , platform and RI-type).
Purchase and Implement your AWS Reserved Instances
• When launching an instance, take available reservations into consideration.
• Optimize deployment by considering overall AWS resource portfolio of instance type and AWS Availability Zones for optimal deployment and  usage. Get Started for Free!

Track AWS Reserved Instances Utilization

• See how well your actual deployment meets your plan.
• See actual usage shifts due to ongoing usage patterns.
• Adjust for changes in your business and your AWS EC2 portfolio of instances.
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Resell RIs at the AWS Reserved Instance Market Place

• Identify changes in your resource consumption, needs and or usage patterns that cause RIs to become underutilized.
• Determine if this is a steady state or if other workloads cannot be deployed to utilize available capacity.
• Sell the RIs you no longer need at the AWS Reserved Instance Marketplace.
• Track RI expiration.
• Determine if a replacement is needed.