A company wants to run its workload on Amazon EC2 instances for more than 1...

EC2 Instance Savings Plans are a flexible pricing model that offer discounted hourly rates on Amazon EC2 instance usage for a 1 or 3 year term. EC2 Instance Savings Plans provide savings up to 72% off On-Demand rates, in exchange for a commitment to a specific instance family in a chosen AWS Region (for example, M5 in Virginia). These plans automatically apply to usage regardless of size (for example, m5.xlarge, m5.2xlarge, etc.), OS (for example, Windows, Linux, etc.), and tenancy (Host, Dedicated, Default) within the specified family in a Region. With an EC2Instance Savings Plan, you can change your instance size within the instance family (for example, from c5.xlarge to c5.2xlarge) or the operating system (for example, from Windows to Linux), or move from Dedicated tenancy to Default and continue to receive the discounted rate provided by your EC2 Instance Savings Plan4567. References: 4: Compute Savings Plans – Amazon Web Services, 5: What are Savings Plans? - Savings Plans, 6: How To Cut Your AWS Bill With Savings Plans (and avoid some common …, 7: AWS Savings Plans vs Reserved Instances - GorillaStack