Cost-optimization techniques
There are several cost-optimization techniques that AWS offers and the primary ones are related to compute and storage resources. Let's understand some of the cost optimization techniques you can apply.
Cost savings with compute resources
When you are creating EMR on an EC2 cluster, then you have the option to choose any of the following EC2 pricing models:
- On-Demand Instances: This follows the pay-as-you-go model, where you pay for the EC2 instance, for the duration of time you have used it, without any commitment.
- Savings Plans: With Savings Plans, you get up to a 72% discount when you commit for a certain amount of usage ($/Hr) for 1 to 3 years. You can choose from no upfront, partial upfront, or all upfront.
- Standard Reserved Instances: Standard Reserved Instances (RIs) are the same as Savings Plans but with a variation that you must commit for specific EC2 instance type usage and also need to validate the AWS services that...
