COST06-02 Selecting an Appropriate Billing Mode for Your Workloads

Medium

Analyze each workload component to determine the most suitable billing mode for resources. For long-running components, consider committed discounts, changing to yearly or monthly billing, or purchasing resource packages. For short-term, dynamic workloads, opt for spot pricing or pay-per-use billing. Use the recommendations provided by cost management tools to analyze your workloads and apply them to maximize your savings.

Huawei Cloud provides you with optimization recommendations for multiple billing modes based on your past usage to help you save costs while maintaining resource performance. You are advised to focus on optimization recommendations with high savings (large value for Estimated Monthly Savings) and low risks (small value for Break-Even Time).

Cost optimization evaluation for changing pay-per-use billing to yearly/monthly: Automatically identifies long-running resources (such as ECS, EVS, RDS, ELB, and SFS Turbo) and generates optimization recommendations and estimated savings for changing from pay-per-use to yearly/monthly.

Recommendations for purchasing resource package: Automatically analyzes your usage of pay-per-use resources and the coverage of Huawei Cloud resource packages (such as OBS Standard single-AZ storage packages, OBS Standard multi-AZ storage packages, OBS Internet outbound traffic packages, and SFS storage resource packages) and generates purchase recommendations and estimated savings for resource packages