David Feinleib of The Big Data Group just published a report on best practices for achieving cloud cost efficiencies. Dave will be discussing the ramification of his study during an interactive webcast this Thursday, December 13 at 1PM ET. Register for free while space is available!
Some of the key findings from the study include:
- Only 33% of instances are reserved instances today, while some 94% of instances, if converted to reserved instances, would result in expected cost savings. Many of the reasons buyers cite for avoiding reserved instances, such as expecting projects to run only for a short time, prove to be financially unsound over time.
- Many instances are underutilized. Medium instances are on average only 12% utilized, suggesting that many customers use medium instances when they could use small instances instead.
- Elastic Cloud (EC2) instances account for more spend (at 62% of total spend) than any other resource type including Simple Storage Service (S3), Elastic Block Store (EBS) volumes, and Relational Database Service (RDS).
You can also view the study results in the presentation below:
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