The question of what the technology backing EBS Provisioned IOPS volumes comes up often. PIOPS volumes are backed by Solid-State Drives (SSDs), Provisioned IOPS volumes support up to 30 IOPS per GB which enables you to provision 4000 IOPS on a volume as small as 134 GB.
More details here:
https://aws.amazon.com/ebs/details/
More details here:
https://aws.amazon.com/ebs/details/
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