AWS Savings Plans
Explore how AWS Savings Plans offer flexible pricing models to lower cloud expenses by committing to consistent usage over one or three years. Understand the three Savings Plan types, payment options, and ideal use cases to effectively optimize costs for AWS compute and machine learning services.
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Imagine we’re working for a large enterprise that’s rapidly growing and has an increasing usage and requirement for AWS resources. With such higher usage, the AWS accounts will incur a much higher cost.
The AWS Savings Plans service, which falls under the umbrella of the AWS Billing and Cost Management service, can be useful in lowering costs by setting up savings plans.
Introduction to Savings Plans
The AWS Savings Plans service is essentially a flexible pricing model from AWS that offers comparatively lower costs than On-Demand pricing. This reduced pricing is offered in exchange for a specific usage commitment over a one or three-year period.
We can choose different payment options for AWS services ...