Pricing models offered by cloud providers that allow customers to save costs in exchange for certain commitments.
In cloud computing, Discount Options refer to various pricing models offered by cloud providers that allow customers to save costs in exchange for certain commitments, such as long-term usage or upfront payment.
Discount Options work by providing customers with a lower price in exchange for certain commitments. For example, a cloud provider might offer a discount to customers who commit to using a certain amount of resources over a specific period of time.
For instance, a company, TechCorp, might take advantage of a reserved instance discount option, where it commits to using a certain number of compute instances for a year or more in exchange for a lower price.
A billing option for Amazon EC2 instances that provides significant discounts compared to on-demand pricing.
A pricing model for Amazon EC2 that lets you use spare compute capacity at a discounted rate.