Yugabyte is optimizing its managed database service for better performance, introducing 5x faster backups and restores and customizable IOPS provisioning in AWS. This allows users to fine-tune disk performance and support demanding workloads with a self-service interface or automation tools. The service also offers free baseline IOPS and throughput, real-time proactive notifications, and streamlined workflow options. YugabyteDB Managed is available as a free trial, enabling users to test the platform's features without cost.