Reserved Instances are a killer feature from AWS cloud that can save 35-55% of your bill and assure capacity utilization. Since AWS requires a 1 – 3 years contract, the challenge is trying to figure if Reserved Instances are right for you and how to execute the move.
Newvem's >> Reserved Instance Decision Making Tool << analyzes your AWS cloud account and identifies the exact balance of on-demand to reserved of your EC2 instances capacity. We go a step further and track how efficient your Reserved Instances are used and notify you in advance when they’re about to expire.
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Amazon Cloud Reserved Instances - Making the Right Decision with Newvem
1. Reserved Instances
Making the Right Move with Newvem
By
Cameron Peron
VP Marketing/Business Development
cameron@newvem.com | @cameronperon
4 Sept 2012
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2. “Reserved Instances are one of
only means for heavy users to
benefit from AWS while remaining spend efficient”
Zev Laderman, CEO & Co-Founder, Newvem
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3. What Are Reserved Instances (Ris)?
Reserved Instances are an excellent solution
to save on consistent AWS usage.
On-Demand Instances vs. Reserved Instances
On-Demand Reserved Instances
Terms Pay-as-you-go 1-3 contract
Flexible yes no
Additional
Savings None 35-55%
- Reserved Instances have been around for a long time.
- Excellent means for heavy users to save 35-50% off
their AWS bill.
- Allow enterprise clouds to onboard Amazon cloud and
gain the most advanced benefits of AWS’s public cloud
technology.
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4. Can My Cloud Benefit?
It’s all about consistent usage
A few ground rules to understand if Reserved Instances
are right for your cloud:
1. Consistent Usage. You must find areas in your cloud
that have consistent usage levels over a long period
of time.
2. Flexibility. Reserved Instances require 1-3 year
commitments or ‘locks in to usage’. If your cloud
demands flexibility, then On-Demand is a better move.
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5. How Do I Make the Move?
Finding Consistent Usage Is the Biggest Challenge
Newvem’s Reserved Instance Decision Making tool take
the headache out in finding consistent usage in your AWS
cloud by:
1) Revealing specific usage patterns and area of your
Cloud that would benefit from moving to Reserved
Instances
2) Analyzing Reserved Instance utilization
effectiveness and activity.
3) Alerting you when Reserved Instances are about
to expire and the best course of action between
renewing or moving to On-Demand.
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6. How It Works: Does Your Cloud Qualify?
Step 1: Newvem reveals Reserved Instance opportunities on a on-going basis
over your cloud
Reserved Instance
opportunity revealed
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7. How It Works: How Much Can You Save?
Step 2: Newvem provides details of Reserved Instance opportunities to help
you in your decision
Reserved Instance
Opportunity Details:
- $900 monthly savings
- Recommend Reserved
Instance Purchase Count
- Priority (ie critical)
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8. How It Works: Which Part of My Cloud?
Step 3: Newvem drills down on a machine level opportunities to move to
Reserved
Reserved instance recommendation details, including:
- Specific RI plan type
- Monthly savings potential over 1-3 year contract periods
- How efficiently each machine is being utilized
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9. How It Works: Is It Really Working?
Step 4: Newvem follows up with utilization analyses on each Reserved
Instance machine
Newvem’s RI decision making tool drill
down per on-demand instance
- Machine type details
- Utilization efficiency over specific time
periods in granularity of hours
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10. THANKS !
How much can you save?
Want to learn more on Reserved Instances?
Join Newvem Analytics’s free beta to find more!
www.newvem.com/sign-up
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