The Different Pricing Models of EC2
Amazon EC2 offers various pricing models to cater to the diverse needs of its users. These pricing options enable businesses to optimize their cloud computing costs while ensuring they have the required resources for their workloads. You will explore the four different pricing options next.
On-Demand Instances
On-Demand Instances allow you to pay for compute capacity by the hour or by the second, depending on the instance type you choose. There are no long-term commitments or upfront payments required, making this option ideal for short-term, irregular workloads or applications with unpredictable usage patterns. On-Demand Instances provide flexibility and help you avoid the cost and complexity of capacity planning.
Reserved Instances (RIs)
RIs enable you to reserve compute capacity for a specific period – typically, one or three years – at a discounted price compared to On-Demand Instances. RIs are suitable for predictable...
