AWS Savings Plans offer a flexible way to reduce your compute costs by committing to a consistent amount of usage over 1 or 3 years. In this video, we break down how Savings Plans work, the difference between Compute Savings Plans and EC2 Instance Savings Plans, and how they compare to Reserved Instances. You’ll learn how Savings Plans automatically apply discounted rates to eligible workloads, how they support EC2, Fargate, and Lambda, and how businesses use them to achieve predictable, long-term cloud cost savings. What You’ll Learn • What AWS Savings Plans are • Compute vs EC2 Instance Savings Plans • How commitments and discounts work • Cost savings, flexibility, and predictability • Savings Plans vs Reserved Instances • When to choose each option Timestamps 0:00 — What Are AWS Savings Plans 0:22 — How Savings Plans Work 0:40 — Compute vs EC2 Instance Savings Plans 1:14 — Why Consider Savings Plans 1:20 — Cost Savings 1:31 — Flexibility and Automatic Discounts 1:55 — Managing Savings Plans 2:16 — Compatibility With EC2 and Fargate 2:22 — One-Year vs Three-Year Commitments 2:37 — Savings Plans vs Reserved Instances 3:39 — Choosing the Right Option 3:48 — Final Takeaways Learn More Harness DevOps Academy Hashtags #AWSSavingsPlans #CloudCosts #FinOps #AWSEC2 #AWSCompute #CloudOptimization #ReservedInstances #AWSCloud