amazon cloud reserved instances - making the right decision with newvem
DESCRIPTION
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 ToolTRANSCRIPT
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Reserved Instances
Making the Right Move with Newvem
By Cameron Peron
VP Marketing/Business Development
[email protected] | @cameronperon
4 Sept 2012
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“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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What Are Reserved Instances (Ris)?
Reserved Instances are an excellent solution to save on consistent AWS usage.
On-Demand Reserved Instances Terms Pay-as-you-go 1-3 contract Flexible yes no
Additional Savings None 35-55%
On-Demand Instances vs. Reserved Instances
- 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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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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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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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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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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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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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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Want to learn more on Reserved Instances?
Join Newvem Analytics’s free beta to find more!
www.newvem.com/sign-up
How much can you save?
THANKS !