Amazon Web Services Offers Scheduled Reserved Instances
Amazon Inc.’s AMZN cloud computing service, Amazon Web Services (AWS), has made it possible to reserve servers for short bursts of computing.
With the latest “Scheduled Reserved Instances” the user can decide what kind of server to run, how long to run it for and the amount to shell out. Not only this, the user can add a schedule to get the same instance type every week (and even each day!).
The only requirement? The user has to commit for a year.
The new plan is perfect for those who run certain jobs at specific times according to a set routine.
What’s in it for AWS?
Running a big public cloud is not easy as it requires huge financial resources. Thus, the more AWS and its kind can foresee usage rates, the simpler it will get to sketch potential purchases, cash flow and capacity.
Of course, AWS is pitching the new product where users will be the ultimate winners. This is because it feels that the insight it gains will reduce cloud computing prices. The company already claims that it can save 5% to 10% with this offering than its existing plans, which require users to commit to full-time use of an instance.
However, users should consider the one-year commitment as this market sees price falls and increases in computing power.
Amazon currently sports a Zacks Rank #1 (Strong Buy).
Investors may consider stocks like Mercadolibre, Inc. MELI, eBay Inc. EBAY and Groupon, Inc. GRPN. While Mercadolibre has the same Zacks Rank as Amazon, eBay and Groupon carry a Zacks Rank #2 (Buy).
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