Amazon Web Services (AWS) is a suite of cloud computing services that runs on the same infrastructure that Amazon uses for its e-commerce website. AWS offers a broad set of global compute, storage, database, analytics, application, and deployment services that help organizations move faster, lower IT costs, and scale applications.
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Reservations - AWS reservations are a way to purchase compute, storage, or database capacity in advance. Reservations can help you save money on your AWS costs by giving you a discounted rate for your reserved resources. AWS reservations can be a great way to save money on your AWS costs, but it is important to choose the right type of reservation for your needs. You should also consider your usage patterns when choosing a reservation term.
Savings Plans - AWS Savings Plans are a flexible pricing model that can help you reduce your AWS costs by up to 72% compared to On-Demand prices. Savings Plans are available for Compute Savings Plans, EC2 Instance Savings Plans, and Amazon SageMaker Savings Plans. For example, if you purchase a Compute Savings Plan for Amazon EC2 instances in the US East (N. Virginia) Region, you can save up to 72% on your On-Demand pricing.
AWS Savings Plans can be a great way to save money on your AWS costs, but it is important to choose the right type of Savings Plan for your needs. You should also consider your usage patterns when choosing a Savings Plan commitment.