What are reserved commitments in cloud computing?

Reserved commitments in cloud computing refer to the practice of reserving cloud resources in advance for a specified term, usually one or three years. This approach offers significant cost savings compared to on-demand pricing, as cloud providers offer discounts for long-term commitments.

How does Spot.io help manage reserved commitments?

Spot.io helps manage reserved commitments by providing tools that optimize the utilization of reserved instances. It ensures that reserved instances are fully utilized and automatically adjusts workloads to maximize savings. Spot.io also offers insights and recommendations to help businesses make informed decisions about purchasing and renewing reserved instances.

Can Spot.io integrate reserved commitments with other cost-saving strategies?

Spot.io can integrate reserved commitments with other cost-saving strategies such as spot instances and on-demand instances. This hybrid approach ensures that businesses can achieve maximum cost efficiency while maintaining high availability and performance for their applications.

Reserved commitment management

Automate & optimize commitment purchasing, reducing costs and manual tasks

Maximize value and ROI of commitment purchases using machine learning algorithms and expert human oversight

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Analyze

Analyze 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.

Automate

Continuously and dynamically manage commitment lifecycles to ensure maximum utilization and ROI of cloud purchases. Tune capacity as well as marketplace buying and selling to create an optimal portfolio of commitment types.

Spot eliminates complex and cumbersome processes to size and plan for resource requirements. Constantly analyzing data from cloud providers and your deployment, we identify and provide the best blend of Savings Plans and reserved instances, across all commitment lengths, to maximize savings and flexibility.

Free DevOps and Finance from the time and effort required to analyze and plan for buying reserved capacity using our solution, which combines continuous cloud monitoring and analysis with automation to automatically implement optimal purchasing strategies, even in highly dynamic environments.

Ensure that your cloud commitments are used as effectively as possible using our automated optimization. Spot balances your commitment portfolio, reducing on-demand usage while eliminating RI waste, and leverages the AWS Marketplace to buy and sell excess reservations to ensure maximum ROI on your cloud purchases.

“Managing RIs manually is prone to human error. It’s much easier and more cost-effective to outsource those RI decisions to Eco. You talk with the Spot team about your savings strategy and then, after the initial technical onboarding, Eco goes on autopilot and that’s it!”

Sven Ramuschkat, Founder

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