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Speaking at today's AWS re:Invent conference here in Las Vegas, AWS chief VP Andy Jassy announced an S3 cloud storage price cut. “We are lowering Amazon S3 pricing by about 25% across the board, effective from 1 December 2012,” said Jassy. This is the 24th price cut since 2006.
Andy also announced the launch of a new data warehousing service in the cloud called Redshift, in the conference today in its first ever user and partner conference.
The cloud-based data warehouse service. AWS Redshift will be a fully managed, petabyte-scale data warehouse service in the cloud that will help enterprise IT automate tasks including setting up, operating and scaling a data warehouse cluster.
Apart from cost savings, Redshift will offer 10 times faster performance and will be a “game changer” in the data warehouse space, said Jassy.
The first ever global conference of Amazon saw a whopping presence of 6 thousand attendees including developers, business partners, and startegists.