Amazon Elastic File System (Amazon EFS) is a fully managed, elastic, shared file system that can be mounted concurrently by multiple EC2 instances across multiple Availability Zones. EFS automatically grows and shrinks as files are added or removed, providing seamless scalability for unpredictable and growing storage needs. It supports simultaneous access from multiple compute resources, making it ideal for applications where several EC2 instances must read and write to the same data set concurrently. EBS volumes cannot be shared across multiple Availability Zones, and S3 Glacier is intended for archival and infrequent access, not for active, hourly data analysis.

Reference Extract from AWS Documentation / Study Guide:

"Amazon EFS provides a scalable, fully managed elastic NFS file system for use with AWS Cloud services and on-premises resources. It can be mounted to many EC2 instances across multiple Availability Zones and is ideal for shared data scenarios."

Source: AWS Certified Solutions Architect – Official Study Guide, Storage Solutions section; Amazon EFS User Guide.