AWS Reserved Instances (RIs) are a useful tool for reducing your cloud costs by allowing you to commit to the use of resources in exchange for a discount. They are specific to a type of instance (and, optionally, an operational region), an act like coupons that you can apply to reduce your bill for that instance type.
Many organizations purchase RIs based on the instances that they are currently using, not the instances that they should be using. This means that they lock into the wrong configurations, which, ironically, can actually increase cloud spend and reduce agility.
Densify’s Cloud-Learning Optimization Engine—Cloe—performs deep, multipass RI analysis to determine exactly what you should be committing to, and what you should be buying On-Demand. This analysis is based on the optimized configuration for your cloud, not just the current configuration, enabling you to layer RI savings on top of the efficiencies created by pattern-based optimization. And, if you have already purchased the wrong RIs, Densify will analyze current coverage, expiry dates, and conversion strategies, to enable you to roll-over into a new set of RIs over time, immediately getting your strategy back on track.
Densify’s comprehensive RI optimization typically far exceeds results provided by tools that simply read the bill and recommend purchasing based on current instance usage. And, Densify’s machine learning will prevent misconfigurations that can hinder agility, which is critical for cloud applications.