AceCloud launches spot instances on its cloud platform – CRN

AceCloud (an RTDS brand), launched Spot Instances with dynamic pricing on its cloud platform across all its Cloud regions. Spot Instances provide customers with a flexible and cost-effective option to access powerful computing resources without compromising on performance. By availing cloud compute via Spot Instances, customers can anticipate 30-80% lower costs compared to standard on-demand hourly pricing.

AceCloud will provide real time dynamic pricing for Spot Instances updated on hourly basis. Dynamic pricing of the Spot Instances will be accessible to customers via a live pricing graph on AceCloud’s website. The graph will showcase real-time prices based on various parameters such as time of the day/week, instance type, current demand, etc. Customers can use this tool to monitor pricing trends and make informed decisions about when and how to use Spot Instances to get the best possible value. By leveraging this dynamic pricing model, users can significantly reduce their operational costs, particularly for non-critical tasks or those that can be scheduled for off-peak periods. During peak demand, when the quota for Spot Instances is exhausted, the hourly/monthly instances continue to remain available.

Speaking about the launch, Mr. Vinay Chhabra, Co-Founder & Managing Director, AceCloud, a brand of Real Time Data Services, said, “As the cloud computing landscape evolves, organisations continue to seek innovative solutions that balance cost efficiency with performance. With the launch of AceCloud’s Spot Instances, customers can avail access to computing resources with remarkable cost savings. Ideal for customers with workloads that are adaptable to interruptions, such as large-scale data analytics, machine learning or rendering tasks, with this service, we aim to push the boundaries of what can be achieved without the constraints of traditional pricing models.”

Ideal for development and testing environments, customers can avail AceCloud’s Spot Instances through the cloud console, where they can select Spot Instances when launching new compute resources. At AceCloud, customers will also have access to robust technical support, a comprehensive knowledge base, and specialised tools for managing and monitoring Spot Instances effectively. These tools empower customers to track performance, manage capacity, and mitigate the impact of any potential interruptions, ensuring a smooth and reliable cloud experience.

In addition to the financial benefits, the flexibility of Spot Instances opens up new possibilities for businesses especially startups to scale their operations. For example, startups can use spot instances in conjunction with on-demand instances, enabling them to mix and match resources based on changing demand and workload requirements. This approach allows startups to quickly adapt to changing demand and workload requirements without overcommitting resources. A highly adaptable solution for businesses, this ensures they have the computing power they need when they need it, all while keeping costs under control.