In: Economics
Amazon can generate extra revenue from other businesses by offering its excess capacity to those who need it. Like most companies, Amazon uses only a small portion of its total computing capacity at any time. Its infrastructure is considered by many to be among the most robust in the world.
Write a 1-2 page analysis using the referencing the following criteria:
Think of an idea for a startup business. Explain how this business could utilize Amazon’s Web Services (AWS).
How do the concepts of capacity planning and scalability apply to this case? Apply these concepts both to Amazon and to customers of your business.
What are Amazon Web Services (AWS)?
AWS provides cloud computing platforms to various individuals, governments and companies. It is a subsidiary of Amazon. It provides services on a paid subscription basis. It is very helpful for any kind of businesses as it provides numerous services like, servers, storage, networking, remote computing, security etc.
How can businesses utilize AWS?
AWS supports every kind of business or startup with its services.
Data warehousing, fraud detection can be done easily. Whichever data application resources you will use, you only need to pay for that particular resource.
What are capacity planning and scalability?
Scalability is the capability to perform under an expanding workforce.
As you are using amazon web services for your business, amazon will have more number of customers, because of which business will grow. And AWS will help customers in storing big data which will scale the business more.
Capacity planning measures the system performance and determines patterns in usage to predict demand.
Capacity planning provides budgeting and scaling benefits.
It helps amazon by ensuring and validating data integrity across different data tables during business changes.