Web Reference: AWS Lambda is a serverless compute service for running code without having to provision or manage servers. You pay only for the compute time you consume. The λ (lambda) symbol is used throughout math, physics and computer science. For example, lambda is used to represent the eigenvalues of a matrix in linear algebra, the wavelength of a wave in physics and anonymous functions in computer science. Lambda denotes the failure rate of devices and systems in reliability theory, and it is measured in failure events per hour. Numerically, this lambda is also the reciprocal of the mean time between failures.
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