AWS EC2 Instances: Pricing, Types, Features, & Best Practices

AWS EC2 Instances: Pricing, Types, Features, & Best Practices

With the continued modernization of IT infrastructure in various organizations, cloud computing has emerged as the driving force behind the modernization of IT infrastructure. There are a variety of cloud services that are currently available in the marketplace, but among the most robust and flexible services used in cloud computing is the AWS EC2 service. Whether you are starting a new business or an existing enterprise, the AWS EC2 service provides a robust infrastructure to build, grow, and innovate.

In this blog, we will discuss AWS EC2 Instances extensively, right from pricing models, types of instances, key features, and best practices, so that it will be clear on how business can benefit from this particular service offered by Amazon Web Services.

What is AWS EC2?

Amazon Elastic Compute Cloud, or EC2, is an integral part of the AWS ecosystem and helps facilitate the use of rented virtual machine resources, or instances, for cloud-based applications. Rather than spending capital on purchasing and setting up infrastructure resources, companies can opt for on-demand computing capacity and pay for it based on usage.

For businesses that are dealing with an experienced AWS Services Company, EC2 typically serves as the point of entry in designing an effective and high-performing architecture.

AWS EC2 Pricing Models Explained

One of the greatest strengths of AWS EC2 is the flexible pricing option it presents to buyers. AWS provides different pricing options to suit various patterns of workloads.

  1. On Demand Instances

OnDemand Pricing gives customers the flexibility to pay by the second or by the hour without signing a contract. This type of payment system is most suited to customers who prefer:

  • Short-term workloads
  • Development and testing environments
  • Applications that exhibit unpredictable traffic patterns

Although very convenient, On-Demand instances usually entail the highest costs.

  1. Reserved Instances

The cost savings with Reserved Instances are substantial (up to 72%) in exchange for a one-year or three-year commitment. Reserved Instances are ideal for use with:

  • Steady-state Work
  • Production environments
  • Applications that run for

In many cases, the task of analyzing usage and understanding the correct strategy for the reservation is entrusted to the AWS Consulting partners by the organizations.

  1. Savings Plans

Savings Plans provide a comparable level of discount to Reserved Instances, with more flexibility. Instead of locking in an instance type, customers commit to a fixed level of spend.

  1. Spot Instances

Spot Instances enable users to leverage unused Amazon Web Services capacity at heavily reduced prices. These are best suited for use with:

  • Batch processing
  • Data Analytics
  • Fault-tolerant

Types of AWS EC2 Instances

AWS EC2 provides many types of instances, each of which is well suited for specific applications. An idea of these types enables an individual to pick the optimal combination of price and performance.

General Purpose Instances

These instances represent a well-balanced allocation of compute, memory, and network capacity. These can be used for:

  • Web servers
  • Small to medium databases
  • Application servers

Compute optimized instances

Intended for compute-intensive applications such as:

  • High-performance web servers
  • Media Transcoding
  • Artificial/Scientific modeling

Memory Optimized Instances

Especially suited for handling heavy data loads and quick data access, such as:

  • In-Memory Database
  • Real-time analytics
  • Caching solutions

Storage Optimized Instances

Designed for workloads which require high disk bandwidth and low latencies, including:

  • Data Warehousing
  • Log Processing
  • Distributed file systems

Choosing an appropriate instance type usually becomes a combined activity of in-house resources and AWS Support Teams, so as to ensure a satisfactory performance without incurring unnecessary costs.

Main Features of AWS EC2

Amazon Web Services (AWS) EC2 is more than virtual servers. The set of functionalities in Amazon Web Services EC2 allows the support of enterprise-class reliability, security and scalability.

  • Scalability and Elasticity 

EC2 instances can also scale vertically, which means a change in the size of the instances, or horizontally, which refers to adding more instances depending on the demand. Application scalability is ensured via the use of Auto Scaling.

  • High Availability

Through the use of EC2 instances in multiple Availability Zones, organizations can build highly reliable architectures.

  • Cybersecurity & Compliance

The Amazon EC2 has a strong integration with AWS IAM, security groups, and network access control lists. This is important in sectors that require high levels of compliancy.

  • Integration with AWS Services 

EC2 is completely compatible with other AWS services such as load balancers and storage services and hence has become a building block for cloud infrastructure as a whole.

Best Practices for AWS EC2

In order to obtain maximum benefit out of AWS EC2, there should be adherence to established best practices.

  • Right-Size Your Instances

Prevent Over-Provisioning by keeping constant observations and adjusting sizes based on instances. Cost Optimization remains one of the most important focal areas for any well-established AWS Services Organization.

  • Use Automation

Infrastructure as Code (IaC) and automation solutions can help improve the deployment processes and shorten the time to deploy and provision the application.

  • Implement Cost Monitoring

Tracking usage and cost to find areas of optimization will become necessary on a regular basis. The knowledge of cost in environments will become highly essential as environments become large in size.

  • Design for Resilience

Multiple Availability Zones should be utilized for workload distribution, with load balancing.

  • Leverage Expert Support

Engaging with seasoned AWS Consulting & Support Partners can help simplify the operational process, perform better, & adopt best practices from day one itself.

Conclusion 

AWS EC2 is still one of the most popular compute services in the cloud for many reasons. The flexibility it offers in pricing and the broad range of instances it supports make it a great fit for businesses of all sizes. 

Regardless of whether you are embarking on the cloud experience or are already optimizing your existing infrastructure, partner with a trusted AWS Services Company, backed by qualified AWS consultants and trustworthy AWS support companies, to tap the full potential of AWS EC2 securely, efficiently, and scaled.

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Urolime Technologies has made groundbreaking accomplishments in the field of Google Cloud & Kubernetes Consulting, DevOps Services, 24/7 Managed Services & Support, Dedicated IT Team, Managed AWS Consulting and Azure Cloud Consulting. We believe our customers are Smart to choose their IT Partner, and we “Do IT Smart”.
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