Convertible Reserved Instance (cRI) Cost Optimizations

Opportunity Name: Convertible Reserved Instance Optimization

AWS Resource Type: Billing - Reserved Instances

Opportunity Description

The Convertible Reserved Instances (cRIs) can be exchanged for other cRI with different instance attributes (instance family, operating system, and tenancy) and can also be modified. CloudFix leverages this convertibility to allocate the cRIs to instance types based on their usage so that you can maximize the discounts you get on your instances. CloudFix calculates the EC2 demand, organizes existing cRI reservations, distributes the optimum allocation of cRI commitments to various instance types.

Potential savings (range in % on annual basis):

After the recommendations are accepted, the execution is automatic. The cRIs are allocated to cover future EC2 usage. You will achieve up to 50% discount compared to on-demand costs.

Can CloudFix implement the fix automatically once I accept the recommendation?

Yes. Once you accept the recommendation and schedule the fix, execution is automatic.

Is it possible to rollback once CloudFix implements the fixer?

Not Applicable. Since cRI optimizations are on Billing Account and do not involve any changes to underlying resources, the concept of rollback is not applicable to this optimization.

Does this fix require downtime?

No. cRI optimization does not involve changes to any resources.

Do it yourself (DIY) Instructions:

You would need to first add your AWS account by logging into CloudFix and going to AWS Accounts > Add New AWS Account and click Connect Billing Account on the the dialog:

AddAccount.png

After the AWS account is added successfully and once the scanning of your account is complete, the available cRI optimizations will be displayed on the Recommendations page. The Recommendation filter can be used to filter them:

OptimizeRecommendations.png

The recommendations can be actioned upon from the last Action column. More information related to the recommendation can also be found in that column.

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