A billing option for Amazon EC2 instances that provides significant discounts compared to on-demand pricing.
In cloud computing, particularly in Amazon Web Services (AWS), Reserved Instances are a billing option that allows users to reserve Amazon EC2 computing capacity for 1 or 3 years, in exchange for a significant discount compared to on-demand instance pricing.
Reserved Instances work by allowing users to reserve Amazon EC2 computing capacity for 1 or 3 years.
A company, DataCorp, has a predictable workload that runs continuously throughout the year. Instead of using on-demand instances, which can be more expensive, DataCorp purchases Reserved Instances. This allows them to reserve the capacity they need and save money over the long term.
A type of instance that you can launch whenever you need it and terminate when you're done using it. Also known as Pay-as-you-go pricing.
A pricing model for Amazon EC2 that lets you use spare compute capacity at a discounted rate.