Amazon Spot instances provide a cost-efficient method to purchase AWS resources by enabling you get resources on a best-effort basis by specifying a bid price. This is useful for non-critical workloads that do not need to meet specific SLAs or complete within strict time windows.
Like purchasing On-Demand AWS instances, buying the wrong instance type or size will also waste resources when using Spot instances. Even though they are typically much cheaper than On-Demand instances, purchasing a configuration that is much more expensive than is necessary will also typically be much more expensive in the Spot market as well.
Densify’s machine-learning-based optimization technology—Cloe—will generate Spot instance optimization recommendations in the same way it does for AWS On-Demand purchasing models, automating instance optimization and driving much higher resource efficiency.