The document discusses lambda architecture in cloud-native applications, outlining its components: the batch layer for slow data ingestion, the speed layer for real-time data processing, and the serving layer for querying capabilities. It highlights the advantages of cloud-native solutions, such as managed services and lower operating costs, while detailing AWS services like Kinesis, Lambda, and EMR that facilitate these architectures. Moreover, it compares the cost models and use cases for each component, emphasizing their appropriate contexts and limitations.