The components of your system are the individual units that perform specific functions, such as databases, caches, queues, load balancers, servers, or clients. To ensure low latency and high availability for each component, you need to consider performance, scalability, availability, and consistency. For performance, you can improve its speed, throughput, and resource utilization while also reducing latency, bottlenecks, and contention. When it comes to scalability, you should be able to scale horizontally or vertically and balance the load among multiple instances or nodes. Additionally, you should make sure your component is resilient to failures and errors by replicating, backing up or restoring it. Finally, you need to make sure the data or state of your component is accurate and up-to-date by synchronizing it across multiple replicas or nodes. It is also important to consider trade-offs between consistency and availability or latency.