AWS Pricing

Amazon is the most customer-centric company in the world. With the same intent, it has come up with some amazing customer-friendly pricing options in AWS.

According to the AWS pricing model, you get the following benefits:

• Pay-as-you-go: With AWS, you pay for only what you use, i.e., no matter how many services or servers you launch in AWS, if you use them for say 1.5 hours, you will only be charged for 1.5 hours, nothing more nothing less. The pricing of servers depends on the configuration of the servers, starting from as low as US$0.0047 per hour!

• Save when you reserve: If you commit to a machine for a particular amount of time, you can save up to 70 percent on your AWS bills! Let’s say, you want a server, which you know you will be using for a longer time, say 2 years. You can reserve your machine for 2 years and pay a partial or full-upfront bill for 2 years, which will save you around 70 percent on the bill if you had not reserved your server.

• Pay less by using more: Yes, you read it right! With the pay-less-by-using-more feature, you get volume-based discounts, i.e., if you use more storage space on AWS, the pricing rate becomes less. The following is the pricing model:
  • Up to 50 TB: 0.023 GB/month
  • 51–100 TB: 0.022 GB/month
  • More than 500 TB: 0.021GB/month

You can further reduce your storage bills by classifying your data into frequently accessed data and infrequently accessed data. By doing this, your data will be divided between different storage classes, such as SSD, disk storage, and magnetic tapes.

SSDs are faster, and hence the data that is frequently accessed will go on SSD. The data that is less frequently accessed will go on a slower mode of storage since it will be cheaper.