Reserved Instances are a killer feature from AWS cloud that can save 35-55% of your bill and assure capacity utilization. Since AWS requires a 1 – 3 years contract, the challenge is trying to figure if Reserved Instances are right for you and how to execute the move.
Newvem’s Reserved Instance Decision Making Tool analyzes your AWS cloud account and identifies the exact balance of on-demand to reserved of your EC2 instances capacity. We go a step further and track how efficient your Reserved Instances are used and notify you in advance when they’re about to expire.
Amazon Web Services (AWS) dominates cloud computing, commanding 60% of the $2 billion public cloud marketplace. Here we demystify what goes on behind the scenes of AWS usage and show you how you can lower costs and increase availability with Newvem’s KnowYourCloud Analytics.
Keywords: infographic, visual.ly, newvem, aws, cloud, ec2, reserved instances, cloud costing, ec2 reserved instances
(This guest post written and contributed by Jeff Kaplan, Managing Director of THINKstrategies)
Sometimes trying to save money can become costly and complicated.
A case in point is the growing popularity of Amazon Web Services’ (AWS) EC2 Reserved Instances (RIs) which enable users to obtain spare cloud capacity in anticipation of future use.
The pace of adoption of cloud computing is evidence not only of its powerful economic advantages but also how easy it is to get into the cloud. But many companies are finding that using the cloud effectively is not so easy. The classic assumption is that a workload in the cloud is the same workload — it’s just in the cloud. But that isn’t true.
Big news! We’ve just added a new tool that helps you make an effective and safe decision to move from On-Demand to Reserved Instances.
Reserved Instances are a killer feature from AWS that can save 35-55% of your bill and assure capacity utilization. Since they require a 1 - 3 contract, the challenge is trying to figure if Reserved Instances are right for you and how to execute the move.
Our Reserved Instance Decision Making Tool analyzes your AWS cloud and identifies exactly which On-Demand Instances should be moved to Reserved Instances. We go a step further and track how efficient your Reserved Instances are used and notify you in advance when they’re about to expire.
Currently IT departments and infrastructure providers are under increasing pressure to provide computing infrastructure at the lowest possible cost. Evolution of the Cloud computing paradigm has made software systems more scalable with a cost-effective approach. One of the most popular and innovative Cloud infrastructure providers is Amazon Cloud Services (AWS).