AWS EDP: How It Works and Why Automation Will Give You Better Results
Blog post from Cast AI
AWS EDP is a savings program for enterprise cloud users with significant AWS cloud consumption, typically over $1 million per year. It provides discounts on total AWS billing that increase with total spend and commitment period, typically 1 to 5 years. The discount is flexible and based on specific agreements. To qualify, companies must meet certain eligibility requirements, including a minimum annual commitment of $1 million or more. However, negotiating AWS EDP can be challenging due to forecasting growth, compute, and use demands, understanding workloads and AWS costs, taking into account AWS Marketplace applications, optimizing EDP targets, and considering alternatives such as Reserved Instances and Savings Plans. Committed spend in the cloud is risky due to forecasting challenges, high cost for changing requirements, vendor lock-in, and the need for flexibility. An AI-powered cloud cost optimization solution can help automate VM and workload rightsizing, detect unused components of infrastructure, and optimize configuration for best cost and performance.