Many companies use Amazon EC2 discounted reserved instances as a way to save money on their cloud computing loads. But keeping track of what instances they have and which are in use can be tricky. Cloudability is attacking that problem with a new tool that helps them search and track their use of those reserved instances to make sure they use them most efficiently.
The Portland, Ore. startup said, based on its customer data, companies can save up to 70 percent on their AWS budget by using these reserved instances instead of the pricier spot instances. The issue is that companies end up not using all their allocated reserved instances for fear of using them up or by launching them in the wrong region. The Cloudability Reserved Instance Explorer displays their reserved instances across multiple accounts and lets them search by region, by size, by expiration time, by operating system etc.
Cloudability’s service tracks users cloud usage and supports AWS, Rackspace and Heroku. Rackspace even offers its customers free use of Cloudability’s monitoring service.
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