Elasticache can be used for
improving application performance/latency/throughput for many read-heavy apps by storing critical pieces of data in memory for low-latency access (social networking, gaming, media sharing, Q/A portals)
Memcached
memory object caching system
Redis
open source in-memory key-value store that support data structures such as sorted sets and lists.
Elasticache supports
Master/slave replication, multi-AZ
If a database is under a lot of stress, which service would you use?
Elasticache if read heavy and not prone to frequently changing
Redshift if reason for stress is OLAP