What is Spot Eco and how does it optimize cloud costs?

Spot Eco is a product designed to continuously optimize cloud costs by intelligently managing the use of reserved instances, spot instances, and on-demand instances. It uses advanced algorithms to predict usage patterns and automatically adjust resource allocation, ensuring maximum cost savings and efficient cloud resource utilization.

How does Spot Eco differ from other cost management tools?

Spot Eco stands out from other cost management tools by providing real-time, automated optimization of cloud resources. It goes beyond simple cost tracking and recommendations by actively managing resource allocation based on usage patterns and demand, leading to greater savings and operational efficiency without manual intervention.

Can Spot Eco be integrated with existing cloud environments?

Spot Eco seamlessly integrates with major cloud platforms like AWS, Azure, and Google Cloud. This allows businesses to implement Spot Eco without disrupting their existing infrastructure, enabling immediate cost optimization and improved resource management across their cloud environments.

Optimize your reserved commitment portfolio automatically

Seize the biggest cloud discounts with the smallest commitment, maintaining flexibility and availability

Calculate your savings

Run your dynamic environments without sacrificing flexibility, uptime, or risking commitment lock in.

Spot Eco simplifies planning, purchasing, and optimizing your reserved commitments on AWS and Azure. As your infrastructure needs change, Eco Automation provides adaptive coverage and balances your reserved commitment portfolio, allowing you to realize the full ROI of your cloud commitments.

With Spot Eco, finance and operations teams have a fully managed, centralized process for managing and optimizing reserved commitments.

Fully utilize commitments

Ensure maximum ROI on cloud commitments by analyzing, modifying, and allocating Reserved Instances and Savings Plans to resource demands.

Custom-tailored strategy

Automate purchasing strategies for reserved instances in the AWS Marketplace throughout their lifecycle to ensure workloads are always running at optimal pricing. Greatly increase savings and flexibility with reserved commitment strategies based on your unique business and usage needs.

Build FinOps synergy

Enable collaboration between Finance and DevOps teams with full visibility into compute consumption and adaptive coverage that automatically adjusts to changes in workload demand.

Do you have a large number of internal teams and need to simplify billing reports? Eco Reports provides customizable cost visibility on RI and Savings Plan commitments and consumption.

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See how Spot Eco helped optimize cloud utilization and generate significant savings

Using Eco by Spot has completely revolutionized how Arcadia buys, sells and utilizes reserved commitments, more than doubling our savings. We now are able to access long-term pricing with mostly short-term commitments, keeping us nimble and cost-efficient.

Britt Sutcliffe, Technology Project & Cost Manager

See case study

How it works

Analyze

Eco analyzes cloud usage and billing data across all subscriptions and linked accounts, alongside detailed marketplace and industry data to deliver a holistic, aggregated view of cloud consumption.

Plan

Insights turn into action with customized strategies designed to keep commitment terms low and utilization high, while maintaining flexibility by combining various reservation and Savings Plan options.

Act

Eco continuously and dynamically manages reserved commitment lifecycles to ensure maximum utilization and ROI of cloud purchases. Purchasing, exchanging, and selling flexible commitments is managed with automated algorithms and human oversight, delivering an optimal commitment portfolio and adaptive coverage.

Analyze

Eco analyzes cloud usage and billing data across all subscriptions and linked accounts, alongside detailed marketplace and industry data to deliver a holistic, aggregated view of cloud consumption.

Plan

Act

Key features

Adaptive coverage

More ways to win

Understand & predict needs

Commitment portfolio optimization

Effortless deployment

Using automation, cost specialists, and ML algorithms trained on over $1 billion in managed commitments, Eco purchases, exchanges, and sells flexible commitments maximizing coverage, which reduces on-demand use and commitment waste.

Eco supports the widest range of AWS services, ensuring no savings are left on the table. Supported services include RDS, Redshift, ElastiCache, ECS, OpenSearch, and more. In addition, Eco supports many optimization strategies, including advanced Conv. RI exchanges, RI Marketplace, SPs, & more, that are tailored to your unique usage and business needs.

Eco identifies the ideal makeup of your reserved commitment portfolio and checks for opportunities to optimize it 1,000s of time a day. By constantly monitoring your accounts for changes and actively executing based on defined strategies, Eco ensures that Savings Plans and Reserved Instances on AWS and Azure always have maximum coverage.

Eco identifies the ideal mix of commitment purchases to maximize savings while providing the most flexibility for future needs. Eco purchases, exchanges, and sells the right commitments at the right time to optimize utilization, maximizing savings while reducing commitment lock-in, on-demand use, and commitment waste.

You don’t need to change your environment or deal with a complex integration effort to start using Eco. Once enabled, Eco works with your existing portfolio of AWS and Azure reserved commitments and constantly manages their lifecycles. Engineers don’t have to change anything regarding compute specifications or the applications they use today.