This solution meets the requirements of implementing real-time analytics capabilities with the least operational overhead. By creating an external schema in Amazon Redshift, you can access the data from Kinesis Data Streams using SQL queries without having to load the data into the cluster. By creating a materialized view on top of the stream, you can store the results of the query in the cluster and make them available for analysis. By setting the materialized view to auto refresh, you can ensure that the view is updated with the latest data from the stream at regular intervals. This way, you can derive near real-time insights by using existing BI and analytics tools. References:

Amazon Redshift streaming ingestion

Creating an external schema for Amazon Kinesis Data Streams

Creating a materialized view for Amazon Kinesis Data Streams