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12/24/2019

Topic Reading-Vol.2813-12/24/2019


Dear MEL Topic Readers,
Where the money is really made at Amazon
Cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet, “the cloud.” Users of cloud computing services don’t need to own, buy, or lease data centers, operation facilities, hardware, or software to use IT resources over the Internet and pay as they use. Examples of such cloud computing service providers are IT giants like Google Cloud Platform, Microsoft Azure, and Amazon Web Services (AWS). Cloud computing initially helped small startups and businesses that don’t have financial or operating resources to set up and run IT services, but recently, it has been used by large enterprises and even public and government agencies. It is one of the fastest-growing businesses in the IT industry. You might think Amazon makes money by shipping boxes, but actually, 70% of the company’s profit in the last quarter was generated by Amazon Web Services. In the meantime, such large data centers consume nearly 2% of electricity worldwide and is responsible for 0.3% of the world’s carbon emissions.
Amazon is one of the most profitable and valued enterprises in the world while being one of the largest users of cardboard boxes and electricity.
Enjoy reading the article and learn about what brings money to Amazon.

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