Contemporary Analysis is the Amazon EC2 of the Data Science World
The greatest improvement in the productive powers of labour, and the greatest part of skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labour. – Adam Smith
Ever heard of Instagram? How about Reddit, Urbanspoon, Pinterest, Spotify, Dropbox, Tumblr, Netflix, or Yelp? These companies, and many others, owe their existence to a young technology quietly advancing the web. The technology is Amazon Web Services (AWS). The impact has been enormous. Amazon Web Services (AWS), an umbrella for a handful of cloud computing platforms, has democratized super computing for anyone with a visa credit card. Now, companies can get their websites and products delivered faster and cheaper than ever before, because they only pay for what they use and when they use it.
Technologies like elastic load balancing and auto scaling allow anyone to use, and pay for, only what they need of the processing or storage capabilities of AWS. Rates start at $0.06 per hour. Security, maintenance, and backups are also taken care of so you can rest easy knowing that the nominal rate of pennies-per-hour also buys you peace of mind you wouldn’t have with the massive overhead of running your own computing platform. These benefits have made AWS the go-to-standard for things like modeling DNA, aerospace research, jumpstarting web companies with between 0 and 1,000,000+ users, and countless other uses.
Contemporary Analysis brings the same ethos to data science. How would your business change if you had the ability to immediately solve the most mission critical problems, predict future scenarios, or run a few experiments without worrying about the nightmare of setting up an expensive, massive, in-house data analytics team?
With Contempory Analysis, you have on-demand access to some of the brightest minds in data science with backgrounds in economics, engineering, finance, law, philosophy, and neuroscience on a monthly, quarterly, or yearly basis to help solve your most pressing business questions. And we start right away.
Most of our solutions start at prices that don’t require an OK from upper management. So pull out that Visa and we’ll show you what we can do.
The Economics of AWS vs Owned Infrastructure