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Savings Plans – Amazon Web Services

 2 years ago
source link: https://aws.amazon.com/savingsplans/?nc2=h_ql_prod_cm_sav
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Savings Plans – Amazon Web Services

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Savings Plans is a flexible pricing model offering lower prices compared to On-Demand pricing, in exchange for a specific usage commitment (measured in $/hour) for a one or three-year period. AWS offers three types of Savings Plans – Compute Savings Plans, EC2 Instance Savings Plans, and Amazon SageMaker Savings Plans. Compute Savings Plans apply to usage across Amazon EC2, AWS Lambda, and AWS Fargate. The EC2 Instance Savings Plans apply to EC2 usage, and Amazon SageMaker Savings Plans apply to Amazon SageMaker usage. You can easily sign up a 1- or 3-year term Savings Plans in AWS Cost Explorer and manage your plans by taking advantage of recommendations, performance reporting, and budget alerts.

Benefits

Customer Stories

“Capital One adopted Savings Plans across all our workloads and accounts, which allowed us to increase our utilization compared to Reserved Instances. We no longer need to worry about adjusting our Reserved Instances when our infrastructure needs change, Savings Plans automatically reallocates each hour to maximize our utilization. The change has allowed us to increase savings by 20%. We look forward to continuing to roll out Savings Plans as the rest of our Reserved Instances expire.”

Don Reid, Sr. Manager, Technology, Capital One


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