Amazon Web Services (AWS) never fails to amaze customers with its public cloud offerings. As of today AWS offers a plethora of services that cater to various business needs and workload types. With its revolutionary pay-as-you-go model, AWS is empowering continuous agility in businesses. The principle is quite simple and straight- “Pay less by using more.”
AWS has come back with the announcement of its 61st round of price cuts. You heard it right! EC2 RIs & M4 prices have been slashed by a fifth of their original price ( an icing on the cake for businesses running on EC2 RIs and M4 instances).
In the words of Jeff Barr in one of his recent blogs, “Our customers use multiple strategies to purchase and manage their Reserved Instances. Some prefer to make an upfront payment and earn a bigger discount; some prefer to pay nothing upfront and get a smaller (yet still substantial) discount. In the middle, others are happiest with a partial upfront payment and a discount that falls in between the two other options. In order to meet this wide range of preferences we are adding 3 Year No Upfront Standard Reserved Instances for most of the current generation instance types. We are also reducing prices for No Upfront Reserved Instances, Convertible Reserved Instances, and General Purpose M4 instances (both On-Demand and Reserved Instances). This is our 61st AWS Price Reduction.”
So what are the new changes in the price reductions of EC2 RIs and M4 instances?
In a nutshell, here are the 5 key things you need to know about the new price reduction of EC2 RIs and M4:
•No Upfront Option For 3 Year Standard RIs
•~17% Price Reductions For No Upfront Reserved Instances
•~21% Reduced Prices For Convertible Reserved Instances
- ~ 7% Reduced Price For M4 Instances
The discounts depend on how much the customer would pay upfront (more upfront means more discount).
To understand each of these price reductions and multiple reservation options for both EC2 and M4 instances in detail, read the full article HERE.
Cost modelling, budget reduction and cost optimization are some of the top most considerations for businesses irrespective of size. Whether it is an enterprise with 100+ foot print or a small start-up with less than 10 employees, this price reduction is a great news.
If you are still struggling with saving costs on AWS EC2, let us know. Botmetric Cost & Governance will help you holistically reduce your AWS bill. Just drop in a line below in the comment section or give us a shout out at @BotmetricHQ. Meanwhile, you can also get started with a Botmetric 14-day free trial HERE, to explore Botmetric for unified AWS cloud management.
Happy Clouding!
