Cost & lifecycle management for commitment purchasing

Automate purchasing strategies to maximize value and ROI of reserved instances and Savings Plans.

Automatically ensure the optimal purchasing strategy

Eco is an automation and optimization solution for cloud commitment purchasing and deployment. Taking into account flexibility, market volume, historical and predicted usage, Eco identifies the ideal blend of reserved instances and Savings Plans to maximize savings while providing the most flexibility for future needs.

Get the most out of cloud commitment purchases

Fully utilize commitments

Ensure maximum ROI on cloud commitment purchases with analysis, modification and mapping of unused reserved instances and Savings Plans to resource demands.

Manage commitment lifecycles

Automate purchasing strategies for reserved instances in the AWS Marketplace throughout their lifecycle to ensure workloads are always running at optimal pricing.

Align finance & DevOps

Enable collaboration between Finance and DevOps teams with full visibility into compute consumption and automation of optimal reserved instances and Savings Plans strategies.

Eco by Spot perfectly met our needs of freeing up our team to focus on our product while obtaining a significantly higher level of RI savings and making it easy to tweak over time.

Jason Turim, VP of Engineering

See Case Study

How it works

Analyze

Eco combines years of analysis of detailed marketplace and industry usage data with the complete details of your cloud purchases and usage by region, instance family, tags, lifespan and scale. That analysis is used to provide a holistic view of on-demand use across all of your linked AWS accounts.

Plan

Eco uses those analytics to determine optimal purchasing strategies tailored to your cloud usage, evaluating your existing reserved instance and Savings Plans portfolio together with any number of commitment purchase options to keep commitment terms low and utilization high. You save the highest amount possible while retaining the most flexibility for the future.

Act

Based on those analytics and strategies, Eco helps you to build and manage your portfolio of committed capacity purchases. Constantly tweaking strategies based on market availability and new data, Eco continuously buys, sells and manages your portfolio to maximize savings with an optimal mix of reserved instances and Savings Plans.

Key
features

Effortless deployment

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 commitment purchases and constantly manages your reserved instance and Savings Plans lifecycles. Engineers don’t have to change anything about compute specifications or applications they use today.

Full lifecycle management

Eco actively manages the full lifecycle of your commitments: planning, purchasing and reselling. It ensures that your reserved instance and Savings Plan portfolio is optimized from the start, starting with your existing commitment purchases and creating a well-balanced mix of reserved instances and Savings Plans that continues to adapt to changing needs and usage.

Understand & predict needs

Eco continually analyzes millions of data points to identify the makeup of your ideal committed capacity portfolio. It constantly monitors your accounts for changes and actively executes on defined strategies to ensure that reserved instance purchases always cover as much of your compute resource requirements as possible.

Commitment portfolio optimization

Analyze what is being spent and by who, with current, historical and projected cost and usage visualizations across all your cloud deployments.

Seamless integration

Based on actual data from your cloud usage, Cloud Analyzer calculates the efficiency score for every account in your cloud organization based on the savings opportunities across spot and reserved instances including right-sizing and eliminating idle resources.