AWS Reserved Instances Decision Making Tool from Newvem

AWS Reserved Instances (an additional Amazon EC2 pricing option) are instances that give you the option to make a low, one-time payment for each instance you want to reserve, and in turn receive a significant discount on the hourly charge for that instance. Amazon EC2 Reserved Instances enable you to maintain the benefits of elastic computing while lowering costs and reserving capacity. With Amazon Reserved Instances, one can make substantial savings over owning hardware or running only On-Demand instances, as well as help assure that the capacity you need is available to you when required.

Functionally, AWS Reserved Instances and On-Demand Instances are exactly the same. They are launched and terminated in the same way, and they function identically once running. This makes it easy for you to seamlessly use both Reserved and On-Demand Instances without making any changes to your code. The only difference is that with a Reserved Instance, you pay a low, one-time payment and receive a lower hourly rate than with an On-Demand Instance and a capacity reservation.

Benefits of AWS Reserved Instances

• Cost Effective: Save up to 71% over On-Demand rates.
• Flexible: Ability to maximize the level of savings by purchasing the Reserved Instance that meets your business’ needs.
• Reliable: A capacity reservation enables you to have confidence in launching the number of instances you have reserved when you need them.
• Easy to Use: Easy to use and require no change to how you use EC2.
• Marketplace Available: Reserved Instance Marketplace provides you with the opportunity to sell Reserved Instances if your needs change.

Newvem’s Reserved Instances Decision Making Tool helps AWS Instances users by:

• Analyzes AWS Usage: Newvem continously analyzes utilization patterns of your AWS cloud and identifies consistent usage.
• Revealing which On-Demand instances are good candidates to move to Reserved Instances.
• Recommends “no regret” purchase: Newvem indicates how many and what type of Reserved Instances could cover your consistent usage.
• Tracks RI efficiency: Identifying poorly utilized Reserved Instances that have already been purchased.
• Alerting which Reserved Instances are about to expire and recommending if they should be renewed.

Learn more about how to make AWS Reserved Instances Decisions Without Stress

Start using Reserved Instances with Newvem.