Reserved Instances: The Complete Guide
In 2009 AWS (Amazon Web Services) introduced a new EC2 pricing model known as reserved instances. In exchange for an upfront commitment of 1 or 3 years, reserved instances offer significant cost savings (anywhere from ~29% up to 72%) on cloud compute resources compared with on demand instances. Today, other cloud providers such as Microsoft Azure and Google Cloud Platform also offer similar pricing constructs. In this article you will learn.