The SP Analyzer, also referred to as the Savings Plans Analyzer, enables you to calculate the commitment dollar amount per hour which would help you reach the required coverage.
The SP Analyzer is accessed by navigating to Commitment > SP Analyzer in the Navigation Panel.
How to use the SP Analyzer
- After selecting the relevant instance and linked account, you can select the number of days you want the SP Analyzer to check retroactively for stable usage, as well as the coverage %, meaning the % of Savings Plans, RI and Spot plans you want in your Compute (EC2) environment.
- Define the payment option and term.
- Click Analyze.
- The SP Analyzer displays an estimated hourly commitment price and a potential savings rate % and its on demand cost equivalent. Note that if the Potential Savings is 0% no profit is predicted, according to the coverage % selected. The generated graph also highlights how much would be left on demand and what the Savings Plans could help achieve.
The additional graph on the right of the screen shows a breakdown of hourly costs, as well as indicating if the hourly rate is above the commitment. This can help you avoid any unused charges.