Amazon Announces ‘Elastic File System’ for Cloud Computing
April 9, 2015
Grazed from Barrons. Author: Tierman Ray.
Amazon.com (AMZN), hosting its “AWS Summit” in San Francisco for its Amazon Web Services, today, announced a number of new initiatives, including a “Marketplace” in which to buy desktop applications delivered over the Internet, a new set of tools for managing files, the “Elastic File System,” and a new service for helping companies make predictions.
The company also made a pitch that more and more companies are moving all their computing to AWS, and talked up companies that are doing so, such as publisher Time Inc. Amazon shares rose 47 cents to $381.67 following the presentation. The EFS is the “missing piece” in Amazon’s cloud computing initiative, said Andy Jassy, senior VP for AWS. He billed it as a “file system that grows and shrinks, automatically.”…
Among the benefits of the software is that it means customers for cloud computing don’t have to buy storage in advance, they will be billed just for the storage their file systems requirements demand: “With Amazon EFS, you pay only for the storage used by your file system. You don’t need to provision storage in advance and there is no minimum fee or setup cost.”…
Read more from the source @ http://blogs.barrons.com/techtraderdaily/2015/04/09/amazon-announces-elastic-file-system-for-cloud-computing/