The Cloud Credit Trap
rhsimplex.github.io
rhsimplex.github.io
The same applies to cloud costs more broadly, across providers. With Reserved Instances, for example, AWS dramatically cuts the cost of running an instance if you commit to using it for a one- or three-year term. But signing up for a Reserved Instance requires a lock-in commitment, so many people don't bother because they're worried about being stuck with an unnecessary cost if their usage changes. My company, Usage.AI, created a solution: We cut EC2 costs by up to 57% using Reserved Instances, but without any lock-in. If an RI is no longer needed, it's just sold on the open market. No hassle, no risk.