AWS Savings Plans vs. Reserved Instances

How to Build an Effective AWS Purchasing Strategy

What are the Benefits of Savings Plans over Reserved Instances?

AWS introduced Savings Plans to simplify long-term purchase commitments over the Amazon Reserved Instances (RI) service reservation model. On the surface, it seems like a no-brainer to move to Savings Plans—but not so fast! There are lots of considerations:

  • What amount should you commit per month?
  • Which term is right: 1-year or 3-year?
  • What is the impact of No Upfront versus Upfront versus Partial Upfront payment options?
  • When should you select EC2 Savings Plans over Compute Savings Plans?
  • What if you still need guaranteed capacity?

Densify’s unique approach to these questions often uncovers an additional 20—40% monthly savings over your current methods.

Watch the above presentation by AWS cost optimization and purchasing experts, which includes:

  • The case for Savings Plans and optimal purchasing strategies—but what about that 5%?
  • I still have a bunch of RIs—what should I do with them?
  • Is there ever a case where I should still consider Reserved Instances?

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