AWS (finally) releases database savings plans! What you need to know.

Today AWS released region & product flexible database savings plans, that unlock up to 35% savings on RDS, Aurora, DynamoDB & more. 

This marks an awesome finops milestone, allowing customers flexible savings commitment coverage for some of the most used AWS services, without locking you into multi-year, rigid commitments tied to specific product types, instance families or regions. 

Equally exciting to see cloud vendors move more to spend based flexible commitments that are easier to understand & implement for customers of all sizes and finops abilities. AWS has totally transformed commitments with this release in our opinion, combining many database products into one simple commitment, easy for customers to understand, optimize and take advantage of. 

What do these new Savings Plans cover? 

Up to 35% off any/all eligible usage in RDS, Aurora, DynamoDB, Elasticache, DocumentDB, Neptune, Timestream &  DMS. 

Key Considerations? 

The total savings can be a bit smaller for on demand database workloads that have provisioned capacity already attached to them, such as DynamoDB provision capacity. These workloads will enjoy up to an additional 20% discount(on top of provisioned capacity savings) if these programs are stacked together. 

These SPs require a 1 year commitment. However North can support flexible managed Database SPs that are month to month in commitment flexibility, allowing customers to enjoy great savings but retain usage variance and general business flexibility. 

Understanding your savings potential: 

AWS offers a native analyzer tool in cost explorer. North also offers similar savings and commitment coverage analysis on our homepage, with a full ondemand and daily cost by purchase type spend data in our commitments tab.  

Getting started with flexible database SPs with North

No change or update needed on your North app, when you click available savings, you will start to see database savings plans coverage suggested in the Available Savings widget on our homepage. This change is scheduled to hit production on 12-3, but we are actively processing flexible Database Savings Plans orders as soon as 12-2. As always you can also enable Autopilot to have the coverage change month to month to match any ondemand usage changes ensuring max coverage, no commitment risk & ensuring minimal or no on-demand spend waste. 

Please reach out to your North account team for more Qs, and if you are new to North, reach out to us, and hello@north.cloud, or try our platform for free at app.north.cloud

For more information from AWS on this commitment: https://aws.amazon.com/blogs/aws/introducing-database-savings-plans-for-aws-databases/

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