What are reserved instances and their commitment terms?
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What are reserved instances and how do their commitment terms work?
Reserved instances are a pricing model for cloud services where you commit to using a specific instance type for a set period, usually 1 or 3 years, in exchange for a lower hourly rate.
What are the benefits of choosing reserved instances over on-demand instances?
The main benefits include cost savings, predictable pricing, and the ability to reserve capacity, which can be crucial for applications with steady workloads.
Can I change my reserved instance type after committing?
Yes, you can modify your reserved instances in some cloud providers, but it may involve additional costs or limitations depending on the provider's policies.
What happens if I don't use my reserved instances?
If you don't use your reserved instances, you still pay for them, as the commitment is for the reserved capacity regardless of usage.
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