AWS Service: Amazon EC2 Spot Instances
Question: What are the key benefits of using Amazon EC2 Spot Instances, such as cost savings and flexibility?
Answer:
Amazon EC2 Spot Instances provide significant cost savings over On-Demand instances, often up to 90% or more. This is because Spot Instances allow users to bid on unused EC2 instances, with the price fluctuating based on supply and demand. When demand is low, there are more unused instances available, which drives down the Spot price. Additionally, Spot Instances offer flexibility as they can be launched and terminated at any time without any minimum commitments or upfront costs, making them ideal for workloads with flexible start and end times or that can tolerate interruptions.
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