Amazon Elastic Compute Cloud (EC2) is one of the core services of AWS, designed to help users reduce the cost of acquiring and reserving hardware. EC2 represents the compute infrastructure of Amazon’s cloud service offerings, providing organizations a customizable selection of processors, storage, networking, operating systems, and purchasing models.
Amazon Simple Storage Service (S3) is an essential cornerstone of AWS and among its most popular service offerings. S3 allows tenants to store, secure, and retrieve data from S3 buckets on demand. It is widely used for its high availability, scalability, and performance. It supports six storage classes and several use cases, including website hosting, backups, application data storage, and data lake storage. There are two primary components of Amazon S3: Buckets and Objects.
As most people were preparing to celebrate the new year, the UK’s Santander Bank was dealing with a crisis. On Christmas day, roughly 75,000 people who received payments from companies with accounts at Santander Bank received a duplicate payment transaction. The total damage amounted to £130m, and recovery in these situations is a painful process for both the bank and its customers.
The fintech market grows larger and more diverse each day. The financial news website Market Screener says the global fintech market will be worth $26.5 trillion by 2022, with an average annual growth rate of 6%. In Europe alone, the use of financial technology increased by 72% during 2020. Competition in this market segment is also on the rise.
You place your mug on your desk and boot your computer. Like every morning, you skim over various dashboards on one screen and sift through your email alerts on the other before you start pulling the regular reports. But this morning turns out to be nothing like other mornings. It is about to take a mean twist that will keep you from ever finishing your morning coffee.
An Amazon Reserved Instance (RI) is one of the most powerful cost savings tools available on AWS. It’s officially described as a billing discount applied to the use of an on-demand instance in your account. To truly understand what RI is, we need to take a step back and look at the different payment options for AWS.
Organizations using Amazon Web Services (AWS) cloud traditionally leveraged Reserved Instances (RI) to realize cost savings by committing to the use of a specific instance type and operating system within the AWS region. Nearly 2 years ago, AWS rolled out a new program called Savings Plans, which give companies a new way to reduce costs by making an advanced commitment of a one-year or three-year fixed term.
The cloud is today one of the most expensive resources for any modern organization, second only to employee salaries and overhead. According to recent research by Gartner, end-user spending on public cloud services will reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022. By 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.
Digital trade and eCommerce companies are generating transactions in more significant quantities than ever before. In 2020, eCommerce sales made up 19% of all worldwide retail transactions, representing $26.7 trillion in revenue. The cornerstone of any eCommerce company is providing a seamless, reliable experience where customers can log into a clean interface, browse products, and make purchases quickly and on-demand. Increased digitization after the pandemic has only heightened the stakes.
We couldn’t be more excited here at Anodot at the announcement of the acquisition of Pileus. Acquiring a company is a very special event, a moment that is the culmination of months of thought and deliberation. Is there a strong synergy between the two entities? Do we share the same DNA and culture? Is the additional product aligned with our long-term vision?
