updated 02:29 pm EST, Wed November 28, 2012
S3 storage also reduced by a quarter
Amazon has launched a new data warehouse service at the Amazon Web Services re:Invent conference today, alongside some price changes to its hosting and processing services. The petabyte-scale service called Amazon Redshift will allow users to "dramatically increase the speed of query performance" when large sets of data are being analyzed, and will work with the same SQL-based tools already being used.
Business customers in the limited preview will be able to set up a cluster managing a few hundred gigabytes, and can scale it to a petabyte or more if needed. Pricing for Redshift will start at 85 cents per hour for a two-terabyte data warehouse, and will be available on-demand as well as a reserved instance. Pricing for reserve instances will be lower, with the same example dropping to 22 cents per hour for a one-year instance or 11 cents per hour for a three-year version, the latter of which works out to be $1000 per terabyte of storage per year.
AWS S3 storage costs will be dropped by around 25-percent from December 1st, and follows Google lowering their own prices as a pre-emptive measure. Storage within the first terabyte will drop to 9.5 cents per gigabyte from 12.5 cents, with the highest tier of capacity dropping from 8 cents to 6 cents per gigabyte.