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AWS Cost Management now provides purchase recommendations for Amazon #DynamoDB reserved capacity

Published at
9/23/2024
Categories
aws
costmanagement
finops
dynamodb
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karthiksakthiveltechie
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karthiksakthiveltechie
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AWS Cost Management now provides purchase recommendations for Amazon #DynamoDB reserved capacity

What's new at AWS πŸ“’

β­• #AWSCostManagement now provides purchase recommendations for Amazon #DynamoDB reserved capacity

β­• DynamoDB reserved capacity allows you to save up to 77% compared to provisioned capacity pricing in exchange for a usage commitment over a one or three-year term.

β­• With these new purchase recommendations, you can make informed purchases of DynamoDB reserved capacity in minutes, making it even easier to optimize your DynamoDB spend.

β­• AWS Cost Explorer recommendations includes:
1️⃣ Amazon EC2
2️⃣ Amazon RDS
3️⃣ Amazon Redshift
4️⃣ Amazon ElastiCache
5️⃣ Amazon OpenSearch
6️⃣ Amazon MemoryDB
7️⃣ And Amazon DynamoDB reserved capacity as well.

β­• Most importantly, Cost Explorer automatically analyzes customers DynamoDB usage and generates recommendations to cover provisioned capacity with reserved capacity at a discounted rate.

β­• In addition to that customers can customize the recommendation parameters, such as term length and historical usage period, to ensure they align with their own organization’s financial goals as well

β­• Key considerations to purchase reserved capacity is
βœ… Designate a Single-Region
βœ… DynamoDB Standard table class
βœ… Quantity of Read and Write Capacity Units(Not rWCUs)
βœ… Reservation for 1 or 3 year term

Key note for Pricing :
βœ… Reserved capacity is a billing feature to offer a discounted price and its has no impact on the performance or availability.
βœ… Any throughput excess of reserved capacity usage is billed at standard rates.

πŸ“Œ Explore more about DynamoDB Reserved capacity:
https://aws.amazon.com/dynamodb/reserved-capacity/

πŸ“Œ Explore more about AWS Cost Management:
https://aws.amazon.com/blogs/aws-cloud-financial-management/beginners-guide-to-aws-cost-management/

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