Samsung SDS, the enterprise IT solution provider, has partnered with Spotinst to provide its customers with a platform that allows them to make significant saving on their cloud computing costs. The partnership will allow Samsung and other companies in South Korea to utilize excess cloud capacity and enjoy savings on their compute bills of up to 80% using the Spotinst’s Elastigroup, Spectrum, and Multai services, as well as the firm’s latest offering: The Compute Serverless platform.
The partnership gives Samsung SDS exclusive access to the Spotinst platform in South Korea. Companies signing up to use the platform through Samsung SDS will be able to achieve savings of up to 80% off their AWS EC2 costs and up to 84% from the costs of Azure VMs. Samsung SDS will become the first and only company in South Korea to offer spare capacity at AWS, Azure, and Google Cloud and be able to guarantee 100% availability.
The SpotInst platform allows companies to take advantage of the cost savings to be had from using spot instances, while also guaranteeing availability. The platform uses machine learning algorithms to predict spare capacity interruptions across AWS, Azure, and Google Cloud. The platform predicts when servers need to be switched, and companies can automatically provision and migrate instances to other servers. By choosing the servers at the lowest cost, companies benefit from the lowest possible prices for compute instances.
Without such a platform, many companies cannot take advantage of the low cost of spot instances due to the risks involved. With Spotinst, it is possible to take advantage of the low costs of spot instances, without the risk. Spotinst can guarantee 100% availability on AWS spot instances and Azure low-priority VMs.
The partnership will be instrumental in increasing Spotinst’s footprint in Asia. With Samsung SDS giving Spotinst its vote of confidence, companies in South Korea are more likely to sign up for the service.