What is Amazon S3 and how does it work?
Amazon S3 (Simple Storage Service) is a cloud object storage service offering industry-leading scalability, data availability, security, and performance. As part of Amazon Web Services (AWS), S3 enables organizations to store and retrieve any amount of data from anywhere on the web.
S3 stores data as objects within buckets, providing 99.999999999% (11 9's) durability and multiple storage classes optimized for different access patterns and costs. Organizations use S3 for data lakes, backup and restore, archiving, and hosting static content.
Benefits of Integrating Amazon S3 with Abacum
The integration between Amazon S3 and Abacum enables finance teams to leverage cloud-scale data storage for enhanced financial planning and analysis capabilities.
• Store unlimited financial data, reports, and backups with automatic versioning and audit trails
• Archive historical financial records cost-effectively using S3's tiered storage classes
• Enable secure data sharing across teams with granular access controls and encryption
• Support advanced analytics by connecting S3 data lakes directly to Abacum's planning models
• Automate report distribution and storage workflows between Abacum and S3 buckets
• Ensure business continuity with S3's cross-region replication for disaster recovery
• Scale storage capacity automatically as your financial data grows without infrastructure management
• Reduce storage costs by up to 95% for infrequently accessed financial archives
