In addition to announcing new higher performance Elastic Cloud Compute (EC2) compute instances along with container service, another new service is AWS Lambda. Lambda is a service that automatically and quickly runs your applications code in response to events, activities, or other triggers. In addition to running your code, Lambda service is billed in 100 millisecond increments along with corresponding memory use vs. standard EC2 per hour billing. What this means is that instead of paying for an hour of time for your code to run, you can choose to use the Lambda service with more fine-grained consumption billing.