[1Z0-1085] Pricing in Oracle Cloud (OCI)

Oracle provides a large number of services in Oracle Cloud Infrastructure (OCI) but most of them have a price attached which we have to pay to access them.

This topic comes under our training of [1Z0-1085]Oracle Cloud Infrastructure Foundations(OCI) for the training click on this link https://k21academy.com/1z0108503

In this post, I am going to cover

• Overview of pricing in OCI
• Pricing Models
• Factors that impact pricing
• Pricing Examples
• Cost analysis and Budget

Pricing Models

There are three pricing models in OCI.

• Pay as you go: It means a user will pay according to their use.
• Monthly Flex: There is a credit limit and you can use services according to the given period of time.
• Bring your own License(BYOL): Bring existing on-premise Oracle licenses to Oracle PaaS and IaaS

For better understanding please see the below image of Pricing model

Factors That Impact Pricing:

• Resource size: If resources are more then cost should be high.
• Data transfer: No incoming(ingress) cost / careful with outgoing(Egress) cost
• Resource: What type of resources are you using like VMs v/s BMs
• OCI regions have the same prices.

Some Free Services In OCI

• Two Oracle Autonomous Databases.
• Two OCI Compute VMs: Block, Object, and Archive Storage; Load Balancer and data egress; Monitoring and Notifications

Pricing Examples

Here are some examples of the pricing of some OCI services.

Cost Analysis & Budget

Note: We used Cost Tracking tags in OCI to keep track of all the services and how much we are spending on these services.

Cost Analysis: It helps to understand the pattern of spendings on the resources we are using. We can filter cost analysis by Tags, Date and Compartments.

For the use of Cost Analysis, you must be a member of the Administrators.

To know more about Tags and how to create a tag https://k21academy.com/oci60

Budget: Budgeting is used to set the threshold on the spending on a specific type of resource. While creating an application on Oracle cloud we need a team and each member has access to a particular set of resources of OCI. This is where budgeting is used so that we can make a quality product within the predefined budget.

In this, We can see the Actual spend and forecast spend how much we have used.

Related/Further Readings

• 1Z0-1072 | Oracle Cloud Infrastructure Architect Associate
• Compartments in Oracle Cloud Infrastructure(OCI)
• Oracle Cloud (OCI) Dedicated Virtual Machine Hosts

Next Task For You

Begin your journey towards becoming an Oracle Cloud Infrastructure Foundations 2020 Certified Associate by joining our Training on [1Z0-1085]Oracle Cloud Infrastructure Foundations.

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