What are the different pricing models in cloud computing

Question

If I'm planning a long-term project with consistent usage, which cloud pricing model would be most cost-effective?

Answer 1

Cloud computing offers pricing models that suit the differing needs of users. Here are the key ones:

• Pay-as-you-go: You pay only for what you use, such as storage or compute hours, which is ideal for variable workloads.

• Reserved Instances: To save money, you can commit to using specific resources over a fixed period, usually one or three years.

• Spot Pricing: Here, you acquire unused cloud capacity at lower prices but with interruptions. This option is suitable for flexible, non-critical workloads.

• Subscription: It provides fixed costs that entail paying a flat fee for resources over time.

• Free Tier: Most suppliers provide minimal resources for free that a user can use to tinker and learn.

Each supports specific business and workload needs.