A pricing model for Amazon EC2 that lets you use spare compute capacity at a discounted rate.
In cloud computing, particularly in Amazon Web Services (AWS), Spot Instances are a pricing model that allows you to use spare compute capacity at a significant discount compared to on-demand pricing.
Spot Instances work by allowing you to bid on unused EC2 capacity.
A data analysis company, DataAnalytica, has a large job that isn't time-sensitive. Instead of using on-demand instances, which can be expensive, DataAnalytica uses Spot Instances. They bid on the spare capacity and run their job at a much lower cost.
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 billing option for Amazon EC2 instances that provides significant discounts compared to on-demand pricing.