The benefit of the AWS Cloud that helps companies achieve lower usage costs because of the aggregate usage of all AWS users is economies of scale. Economies of scale means that AWS can achieve lower costs and higher efficiency by operating at a massive scale and passing the savings to the customers. AWS leverages the aggregate usage of all AWS users to negotiate better prices with hardware vendors, optimize power consumption, and improve operational processes. As a result, AWS can offer lower and more flexible pricing options to the customers, such as pay-as-you-go, reserved, and spot pricing models. No need to guess capacity, ability to go global in minutes, and increased speed and agility are other benefits of the AWS Cloud, but they are not directly related to the aggregate usage of all AWS users. No need to guess capacity means that AWS customers can avoid the risk of over-provisioning or under-provisioning resources, and scale up or down as needed. Ability to go global in minutes means that AWS customers can deploy their applications and data in multiple regions around the world, and deliver them to users with high performance and availability. Increased speed and agility means that AWS customers can quickly and easily provision and access AWS resources, and accelerate their innovation and time to market.
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