Cloud Benefits & Economics
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Terms in this set
- Elasticity Automatically adding or removing resources to match real-time demand.
- Scalability The ability to add or remove resources to handle a changing workload.
- High Availability Designing systems to stay operational with minimal downtime even when components fail.
- Reliability A workload's ability to perform its function correctly and recover from failures.
- CapEx vs OpEx Capital expenditure (upfront purchases) versus operational expenditure (ongoing pay-as-you-go costs).
- Economies of Scale Lower per-unit costs that AWS achieves by aggregating usage across many customers and passing savings on.
- Cost Optimization The practice of running systems to deliver business value at the lowest price point.