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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