Canvas CloudAI
Canvas Cloud AI

Savings Plans

intermediate
cloud
Enhanced Content

Definition

Flexible pricing model offering discounts in exchange for consistent usage commitment, without being tied to specific instance types. Like a gym membership that works at any location in the chain.

Real-World Example

A company commits to $1000/hour of compute spending and gets 30% discounts across EC2, Fargate, and Lambda regardless of which services they use.

Cloud Provider Equivalencies

All four are commitment-based discount models. AWS and Azure offer spend-based compute savings plans that apply broadly across eligible compute usage. GCP CUDs provide discounts for committing to a level of resource usage (often vCPU/RAM or specific services) for a term. OCI offers discounts tied to committed spend (often via Universal Credits commitments) rather than reserving a specific instance.

AWS
AWS Savings Plans
AZ
Azure Savings Plan for Compute
GCP
Committed use discounts (CUDs)
OCI
OCI Commitment-based discounts (Universal Credits commitment / committed spend discounts)

Explore More Cloud Computing Terms