AWS Savings Plans Purchase Analyzer now supports target coverage analysis

Today, AWS announces target coverage analysis in Savings Plans Purchase Analyzer, a capability in AWS Billing and Cost Management that helps you plan your Savings Plans purchases based on your coverage target. Savings Plans Purchase Analyzer helps you evaluate different purchase scenarios by estimating the potential impact of Savings Plans purchases on cost, coverage, utilization, and savings.

With target coverage analysis, you can set a specific percentage of On-Demand spend to be covered by Savings Plans. Savings Plans Purchase Analyzer uses your historical usage to recommend a new purchase amount to help you reach that target. You can further customize your analysis using parameters such as custom lookback period or excluding expiring Savings Plans, and compare cost, coverage, utilization, and savings across different coverage targets. You can view your recommendations through interactive charts or access your target coverage analysis via the Purchase Analyzer API.

Target coverage analysis is available in all AWS Regions where Savings Plans Purchase Analyzer is available. To learn more, visit the AWS Savings Plans page and user guide.