Company
Date Published
Author
Chanda Dani
Word count
1241
Language
English
Hacker News points
None

Summary

Elastic Cloud offers a flexible pricing model based on the resources consumed rather than individual products or use cases, allowing users to apply its search-powered platform across various solutions such as enterprise search, observability, and security. This consumption-based billing model enables customers to pay only for the actual infrastructure resources used, such as virtual storage, RAM, and vCPUs, depending on the chosen hardware profile tailored to their specific use case. Elastic’s approach eliminates the need to pay for multiple products, ensuring simplicity and scalability as users can add data sources and expand their applications without altering their contracts. Costs also include data transfer and storage, with the flexibility to adjust data tiers for performance and cost savings. Customers can start with a monthly billing model or opt for pre-paid cloud credits to manage spending predictably, benefiting from volume discounts and integrating with existing cloud spending commitments.