Creating AWS AMI Image from EC2 instance and use it to launch a new EC2 instance

Hi,
In this video session we will see how to create an AMI image from an existing EC2 instance.

What is AMI image ? 
AMI is an Amazon Machine Image

Step 1 :
Navigate to EC2 Dashboard which displays the list of available EC2 instances.
 I've an Amazon linux instance running.
Step 2 :
Check whether any available AMIs available in "Images" panel from left side pane
No AMI images are available, so lets start creating one.
Step 3 :
Select the instance from the list and then click on "Create AMI" from Actions -> Create
Step 4 :
In the popup wizard give a name and optional description for the new AMI.
Step 5 :
Creating AMI image with EBS Volume will create EBS snapshot. lets verify it in Snapshots from EBS section.

Now, use this AMI from "My AMI's" to create a new Instance.

Thank you.
Sadakar Pochampalli