AnyCompany Financial needs to implement a new data application that will analyze market data. The application must be able to scale compute resources up or down to match traffic demand while maintaining access to the same datasets.

What is a benefit of using Amazon EFS as the storage solution for the application described in this scenario?

Question

AnyCompany Financial needs to implement a new data application that will analyze market data. The application must be able to scale compute resources up or down to match traffic demand while maintaining access to the same datasets. 
 
 What is a benefit of using Amazon EFS as the storage solution for the application described in this scenario?

Answer

Amazon EFS provides automatic global replication of data, eliminating the need for data backups.

Answer

Amazon EFS provides elastic storage capacity, automatically scaling up and down as files are added and removed, with no disruption to applications.

Answer

Amazon EFS provides faster read access than local instance storage for high-frequency trading algorithms.

Answer

Amazon EFS provides the lowest cost storage option for infrequently accessed financial data.

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