What are the cost implications of using Amazon EC2?
Amazon EC2 provides a range of pricing options to fit various needs. These include On-Demand Instances, Reserved Instances, and Spot Instances. On-Demand Instances are ideal for short-term, unpredictable workloads, while Reserved Instances offer significant discounts for long-term usage. Spot Instances allow businesses to bid for unused EC2 capacity at reduced prices, making it a cost-effective option for flexible, non-critical workloads. Understanding these pricing models can help businesses optimize their cloud expenditure.