Amazon Elastic Compute Cloud (Amazon EC2) is a web service that provides resizable compute capacity in the cloud.
Below are the few cost saving techniques in EC2.
- Identify running EC2 instances that are idle or underutilized. You can then reduce your costs by stopping or reducing them.
- Use Compute Savings Plans to reduce EC2, Fargate and Lambda costs.
- Use Spot Instances based on to get discounts of up to 90%.
- Use Spot Fleet to combine spot instances with on-demand or reserved instances.
- Downgrade or upgrade the instance type based on CPU usage.
- Use AWS Billing and Cost Management tools to find out underused instances.
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