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AWS Savings Plans OverviewUNIXBusinessApplication

AWS Savings Plans is #6 ranked solution in top Cloud Cost Management tools. PeerSpot users give AWS Savings Plans an average rating of 10 out of 10. AWS Savings Plans is most commonly compared to Azure Cost Management: AWS Savings Plans vs Azure Cost Management. The top industry researching this solution are professionals from a computer software company, accounting for 32% of all views.
What is AWS Savings Plans?

Savings Plans is a flexible pricing model that provides savings of up to 72% on your AWS compute usage. This pricing model offers lower prices on Amazon EC2 instances usage, regardless of instance family, size, OS, tenancy or AWS Region, and also applies to AWS Fargate usage.

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AWS Savings Plans Customers
bp, Cerner, Expedia, Finra, HESS, intuit, Kellog's, Philips, TIME, workday
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AWS Savings Plans Reviews

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Chief Technology Officer at a tech services company with 51-200 employees
Real User
Top 20
Scales well, is easy to set up, and is designed to help companies save money
Pros and Cons
  • "The initial setup is very easy."
  • "In the future, it would be interesting if there could be a combination of Savings Plans and some Reserved Servers."

What is our primary use case?

We primarily use the solution for saving money.

What is most valuable?

The fact is that it calculates all your costs for a 30 day period is great. And especially in product environments, it makes a lot of sense. The only thing you have to decide now is how much savings do you want and what are you willing to commit.

If you want more savings than what the Savings Plans is offering you, then you can consider going to Reserve Servers which is all built into the same AWS Console.

The initial setup is very easy.

The solution scales well.

It's a solution for people who don't have the deep knowledge of all the activities and the sort of protects them against making decisions that would prohibit them from making changes down the line.

What needs improvement?

I'm not aware of any issues. It's worked well so far. There are no features that are missing.

In the future, it would be interesting if there could be a combination of Savings Plans and some Reserved Servers. Today they are distinct products. If you combine them, then you can get a better discount. For example, let's say, you have 50 servers, you say, okay, I'm going to commit to 20 servers. That's the one under the Savings Plans because I think my design will change. It would be nice to have the flexibility to have them both in some way.

For how long have I used the solution?

I've been using the solution for a little more than a year now.

What do I think about the scalability of the solution?

The solution scales very well.

You don't need a lot of people to use it. One person studies it and then he goes back and reviews it with his team, gets the approval to execute it, and goes back and executes it.

How are customer service and technical support?

You don't really need technical support for this product, however, if your company thinks it might want them, it's possible to buy support coverage.

Which solution did I use previously and why did I switch?

We did not previously use a different solution.

How was the initial setup?

The initial setup isn't too difficult or complex. It's very simple and straightforward. 

What's my experience with pricing, setup cost, and licensing?

This solution is designed to save companies money.

What other advice do I have?

There's nothing called "version". Basically, when you go to the AWS Console and you say you want to have Savings Plans there is someone who comes to you and they calculate. They already calculate everything for you. For example, let's say, you're using 50 servers. The Savings Plans only apply to the servers and basically, that's it. They will say, okay, your run rate is X. They do it over a 30 day period. Then they say, okay, you're not ready for $39 an hour. We recommend you do a $75 an hour. They do all the work for you. Once you actually sign-on, then you have different ways to execute it. 

It's part of AWS itself. It can only work within AWS. You cannot use this one for anything else. It's not a standalone product.

I'd recommend the solution. It's a no-brainer, basically, it does all the work for you and gives you the optimum solution you have to accommodate your company even within future variabilities and changes you may do. You can easily adjust the savings versus risk.

I'd rate the solution at a ten out of ten.

Disclosure: My company has a business relationship with this vendor other than being a customer: Partner
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