Here's the breakdown of how the new pricing scheme might affect you, as per Amazon Web Services cloud guru Jeff Barr's blog (pricing based on the AWS Standard region):
|Storage||Old (GB / Month)||New (GB / Month)|
|Next 4000TB||$0.080||$0.080 (no change)|
|Over 5000TB||$0.055||$0.055 (no change)|
For those not good at math (like your humble correspondent), that's a 12 percent reduction in cost for users storing an average of 50TB. For those with 500GB of cloud storage, the discount gets a little deeper at 13.5 percent.
Barr said these lower prices are a byproduct of the scale achieved by Amazon Web Services in general and Amazon S3 in specific, with more than 762 billion objects stored. As Amazon's cloud gets larger, storage gets cheaper for everyone. Barr said that's a cost advantage that on-premises just can't match, let alone beat.
Amazon Web Services continues its march toward total cloud domination as it further entrenches its price leadership. With no signs of slowdown, rest assured that TalkinCloud is going to continue watching Amazon Web Services.