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Failover Is the Capacity to Switch, Often Automatically, to Another

question 54

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Failover is the capacity to switch, often automatically, to another system or resource in the event of a failure. How does failover assist in the provision of cloud services?


Definitions:

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy an asset at a specified price within a specified time period.

Put Option

A financial contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a set time period.

Fixed Price

A set price for a product or service that does not change under normal conditions.

Derivative Security

A financial instrument whose value is based on an underlying asset, index, or other financial instruments.

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