‫Welcome back.
‫Instead, let's compare the pricing models, which are typically used in the cloud, you have consumption
‫based pricing models and fixed price pricing models.
‫What is the difference between them?
‫Let's get started.
‫Consumption based.
‫This is where you're built for what you use.
‫A good example is cloud functions.
‫You pay for the number of invocations.
‫Another good example is cloud storage.
‫You'd pay for the data you are storing other alternatives, fixed price.
‫You're billed for instances irrespective of whether they are used or not.
‫Good example is the provision of VM instance.
‫You go to compute engine, you create a VM instant.
‫You would pay for that VM instant whether you have an application running on it or not, you need to
‫pay for that VM instance.
‫Irrespective of whether a user is making use of the application which is deployed to that VM instance,
‫you pay for it lifetime, irrespective of whether you use it or not.
‫Another example, you project a cluster of Google communities in the cluster, but you don't deploy
‫any applications to it.
‫Even then, you need to pay for the lifetime of the cluster.
‫You need to pay for all the infrastructure that you have frozen as part of your cluster.
‫In this app, we looked at the two pricing models in the cloud consumption based and fixed price consumption
‫based is typically this model.
‫You pay for invocations, you pay for amount of storage you are making use of.
‫On the other hand, when you are making use of something like a geekiest or GCE, which is a Google
‫Compute engine, you're using the fixed price model.
‫You pay for instances irrespective of whether they are used or not.
‫When you're making decisions on which service to use, this is another factor that you need to take
‫into consideration before making your decision.
‫I'm sure you are having a wonderful time and I'll see you in the next step.