Describe a storage class in AWS S3 which is used for hot data.

Hot data is a type of data which is accessed frequently for which Amazon S3 offers a storage class. This class is a storage class for frequently accessed objects. This class is designed for performance-sensitive use cases that require millisecond access times and frequently accessed data. Amazon AWS offers two types of storage in this class. The first one is the Standard in which if the user doesn't specify the storage class when they create the bucket, Amazon S3 assigns this storage class. The other type within this class is called reduced redundancy. This type of storage should be used for non-critical reproducible data. Amazon doesn't recommend using this type of storage class because it's being obsolete.j