Amazon's Redshift Brings Data Analysis and Warehousing to Cloud

Amazon Web Services introduced Redshift, a fully managed, petabyte-scale data warehouse service in the cloud.

Amazon Redshift, which works with third-party business intelligence tools, allow enterprises to leverage the scale of the cloud to aggregate and analyze large data sets.  Redshift offers fast query performance using SQL-based analysis tools.

Using the AWS Management Console, businesess can quickly launch a Redshift cluster, starting with a few hundred gigabytes of data and scaling to a petabyte or more. Redshift manages all the work needed to set up, operate, and scale a data warehouse cluster, from provisioning capacity to monitoring and backing up the cluster, to applying patches and upgrades.

AWS said pricing will be under$1,000 per terabyte per year, which the company estimates is about 1/10th the cost of traditional data warehouse solutions. Query performance is said to be 10X faster than an "old guard" data warehouse provider.

The keynote presentation by AWS Sr. Vice President Andy Jassy is posted online.

http://aws.amazon.com
http://www.youtube.com/watch?v=8FJ5DBLSFe4&feature=youtu.be