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The IT department has noticed the costs associated with the server are increasing. The application is scheduled to run uninterrupted for at least two years, and the Chief Financial Officer (CFO) would like the IT department to investigate ways to decrease the costs. Which of the following would MOST likely help to decrease the costs of the server?
Correct Answer: B
A reserved instance is a type of cloud instance that offers a discounted hourly rate and capacity reservation for a specific period of time, typically one or three years. Reserved instances are suitable for applications that have predictable usage patterns and require uninterrupted performance. By converting the server to a reserved instance, the IT department can reduce the costs of the server by up to 72%, compared to on-demand instances1. Additionally, reserved instances can provide more stability and availability than spot instances, which are subject to interruption and fluctuating prices. Reference: Spot Instances vs Reserved Instances: Which is The Right EC2 Pricing Model?; On-Demand vs Reserved vs Spot Instances | Incredibuild; Spot Instances - Amazon Elastic Compute Cloud.