New York, New York, April 2023 - Usage AI, a leading provider of cost-saving solutions for enterprise businesses using Amazon Web Services (AWS), is proud to announce the launch of its groundbreaking new product: RDS Reserved Instances (RIs) with guaranteed buyback. This offering is an industry first and has been developed in collaboration with AWS.
RDS Reserved Instances offer various pricing options, with No Upfront RIs providing a significant discount of about 30% compared to On-Demand prices. Usage AI focuses on one-year, no-upfront RDS RIs, enabling customers to enjoy the cost-saving benefits of RDS Reserved Instances without the long-term commitment typically associated with these services. The guaranteed buyback feature provides customers with unparalleled flexibility, allowing them to adjust their usage as needed without incurring any financial penalties.
Initially, Usage AI's RDS RIs with guaranteed buyback will support the following RDS instance families: t3, m5, r5, r6g, t4g, m5d, and r6i. Additional instance families will be added in the near future.
In anticipation of customer inquiries, Usage AI has provided answers to several potential questions:
A: Usage AI is among the first providers to offer RDS Reserved Instances with a guaranteed buyback. This unique offering allows customers to enjoy the cost-saving benefits of RDS RIs without the long-term lock-in, giving them the flexibility to adapt their usage as their business needs change.
A: When customers purchase RDS RIs with guaranteed buyback from Usage AI, they have the assurance that, should they no longer require the RIs or wish to adjust their usage, Usage AI will buy back the underutilized hours as well as broker its exchange across its pool of hundreds of customers. This allows customers to avoid financial penalties and maintain optimal cost efficiency.
A: Yes, the guaranteed buyback feature is specifically designed to accommodate customers with changing usage patterns. This flexibility allows customers to adjust their RDS RIs as needed without incurring financial penalties.