From the course: AWS Essential Training for Architects (2019)
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Utilizing cost effective resources - Amazon Web Services (AWS) Tutorial
From the course: AWS Essential Training for Architects (2019)
Utilizing cost effective resources
- [Instructor] Another consideration to be made when optimizing for cost in AWS is the manner in which resources are being purchased. Choosing the right-sized resources for the job to be accomplished is certainly important, as different-sized resources have varying cost profiles. However, there is more to the story than just getting the instance size right. There is also the need to ensure resources are being purchased in the most cost-effective way. AWS provides several instance purchasing options, on-demand, reserved instances, scheduled instances, spot instances, dedicated hosting, and capacity reservations. On-demand means the resource is paid for by the second, for every second they are running, with no upfront payment nor long-term commitment. When the instance is running, you pay for it. When it's not, you don't. Reserved instance payment provides an option for longer-term cost savings. A certain amount is paid…
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