Plan and forecast AWS Savings Plans with Vantage’s Savings Planner tool.
cost_for_period
) for a given period per SKU. Vantage then uses the AWS API to obtain the hourly rate of the instance type (sku_hourly_rate
) and the discounted hourly rate (discounted_rate
), dimensioned by type, term, and payment for the possible discounts.
The following values are calculated for each EC2, Fargate, and Lambda SKU and all discount dimensions (type, term, payment) based on data available from the AWS API. Total hours and instances per hour are calculated as follows:
Vantage then calculates the cost and discounted cost for the instances per hour:
These individual SKU costs are summed by type, term, and payment to get the total costs:
Finally, the projected savings rate is calculated using the total cost and total discounted cost:
Metric | Description |
---|---|
Raw Compute Spend | The raw compute cost your account uses before any Savings Plans or Reserved Instances are applied. Raw compute comprises spend for EC2, Lambda, ECS for Kubernetes, SageMaker, and Fargate ECS services. |
On-demand Spend | The amount of on-demand costs that your account has incurred. |
Savings Plan Commitments | The amount of Savings Plan costs that your account has incurred. |
Savings Plan Savings | The amount saved by using the Savings Plan. |
Savings Plan Coverage | A percentage coverage rate of AWS Savings Plans for your compute cost spend. |
Reserved Instances | The amount of Reserved Instance costs that your account has incurred. |
Net Compute Spend | The total compute cost that your account has incurred after on-demand, Savings Plans, and Reserved Instance costs. |