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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
Tools
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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

Maximizing savings for flexible workloads

As with RIs and SPs, Spot provides you a discount on EC2 usage but with a different rate. Unlike RIs and SPs, Spot is ideal for workloads that can withstand interruption and can be instance-flexible, meaning you generally don’t care which instance type you use to complete a task. For these trade-offs, Spot provides steeper discounts than SPs.

AWS first offered the m1.small instance type back in 2006. At the time of writing, AWS now provides over 400 different types of instances to use. We can safely assume that AWS has a lot of spare capacity. AWS offers this spare capacity to customers with a steep discount compared to on-demand instances on the condition that AWS can retake that spare capacity back when needed. AWS provides a 2-minute warning, so this process doesn’t abruptly terminate your running workload.

Spot terminations were more prevalent in the earlier years of AWS. Today, given the growing number of instances...

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