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AWS FinOps Simplified

You're reading from   AWS FinOps Simplified Eliminate cloud waste through practical FinOps

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Product type Paperback
Published in Oct 2022
Publisher Packt
ISBN-13 9781803247236
Length 292 pages
Edition 1st Edition
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Author (1):
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Peter Chung Peter Chung
Author Profile Icon Peter Chung
Peter Chung
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Toc

Table of Contents (18) Chapters Close

Preface 1. Chapter 1: FinOps Foundation 2. Part 1: Managing Your AWS Inventory FREE CHAPTER
3. Chapter 2: Establishing the Right Account Structure 4. Chapter 3: Managing Inventory 5. Chapter 4: Planning and Metrics Tracking 6. Chapter 5: Governing Cost and Usage 7. Part 2: Optimizing Your AWS Resources
8. Chapter 6: Optimizing Compute 9. Chapter 7: Optimizing Storage 10. Chapter 8: Optimizing Networking 11. Chapter 9: Optimizing Cloud-Native Environments 12. Part 3: Operationalizing FinOps
13. Chapter 10: Data-Driven FinOps 14. Chapter 11: Driving FinOps Autonomously 15. Chapter 12: Management Functions 16. Index 17. Other Books You May Enjoy

Leveraging steady state discounts

Paying for the IT services you need when you need them is the very nature of paying for AWS cloud resources. This embodies the on-demand nature of the cloud and essentially comprises the trade-off of capital expenses for variable expenses. However, this isn’t the only way you can pay for what you use. In fact, Amazon EC2 instances provide you with several choices: on-demand, reserved instances (RIs), Savings Plans (SPs), and Spot.

On-demand pricing is just as it sounds – you pay for however long the instance runs at an hourly rate. AWS provides the on-demand hourly rate for each of their numerous instance types on their Amazon EC2 pricing page. The hourly rate will depend on several instance parameters such as the Region where you launch your instance, the operating system (OS), the type of instance, and the size. Intuitively, you will be charged at a higher hourly rate for a larger instance than a smaller instance.

How RIs work...

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