Design a system which is flowing lacs of records per day considering scalaibility, performance and cost effificency.

Question

Accepted Answer

Design a scalable, high-performance, and cost-efficient system for processing large volumes of records daily.

Utilize distributed computing to handle high volume of records efficiently
Implement data partitioning to distribute workload evenly across multiple nodes
Use caching mechanisms to improve performance and reduce latency
Optimize data storage by choosing appropriate database technologies like NoSQL or columnar databases
Implement auto-scaling to dynamically adjust resources based on workload
Leverage cloud services for cost efficiency and scalability
Monitor system performance and make continuous improvements based on metrics

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