The outage, which lasted for hours on Prime Day, resulted in over 15,000 delayed packages and roughly $90,000 in wasted labor costs, according to the report. Those costs don’t include all the lost hours spent by engineers troubleshooting and fixing the errors or any potential lost sales.
I assume Amazon has, and will save much more than that by moving off Oracle.
Original source: Amazon move off Oracle caused Prime Day outage in warehouse
“The preponderance of drugs in the U.S. is consumed by an older population, whose habits change slowly or not at all. Accordingly, it’s likely that Amazon’s online pharmacy will not significantly impact the existing drug industry…. Here’s why: Americans currently spend $450 billion a year on drugs. Walmart is the fourth-largest pharmacy in the U.S., with sales of $21 billion, or 4.6% of the company’s total sales. Let’s say that over the next five years Amazon gets to Walmart’s sales level of $21 billion. If the U.S. pharmaceutical industry grows 2% a year over that time, total drug sales will have increased by $45 billion, or the equivalent of two Walmarts (we are ignoring compounding here), to $495 billion. Walgreens, with its pharmacy selling about $70 billion a year, would barely notice Amazon’s presence.”
Original source: Investors Have Misdiagnosed Amazon’s Push Into The Pharmacy Business
‘Amazon has “all the tools to succeed” and is a bigger threat than Alphabet Inc.’s Google, which also made a play for the U.K. price-comparison industry a few years ago’
For the change or die files.
Original source: Amazon takes aim at U.K. insurance market | Digital Insurance
“the massive online retailer once again posted its largest quarterly profit in history — $2.5 billion for the quarter — on the back of two businesses that were afterthoughts just a few years ago: Amazon Web Services, its cloud computing unit, as well as its fast-growing advertising business.”
Good charts, too.
Original source: This is the Amazon everyone should have feared — and it has nothing to do with its retail business
Machine learning is turning out to be more practical than apocalyptic.
Original source: Amazon launches Part Finder, built by technology it acquired from Partpic in 2016
“There’s ample room to replicate that success in health care, because the system in the U.S. has long been plagued by excessive transaction costs – the expenses incurred when buying or selling goods and services. These include irrational pricing, as evidenced by the price of services varying wildly for hospitals, insurers and patients. This, along with unnecessarily complicated billing systems, creates the need for extensive bureaucracies to manage all the varied relationships.”
Original source: The Bezos-Buffett-Dimon health care venture: Eliminate the middlemen
“But what Uber lacked in political support it made up for in local popularity. Through its app, the company had a direct connection to thousands of riders and drivers who were making a living from its service.”
Original source: How Tech Companies Conquered America’s Cities
In the letter, he explained that writing a brilliant, long memo requires the writer to understand the subject well. It also requires the writer to “improve results through the simple act of teaching scope.” By that he means doing a great job requires effort, not speed. “A great memo probably should take a week or more” to write, he said in the letter.
“We read [the memos] in the room. Just like high school kids, executives will bluff their way through the meeting as if they’ve read the memo. So you have to carve out time so everyone has actually read the memo – they are not just pretending,” he said.
Original source: Jeff Bezos admits Amazon has ‘the weirdest meeting culture you will ever encounter’, Business Insider
‘But despite simple perception of them all as “tech” companies, their core revenue sources are clearly different. And those distinctions suggest ways people can understand and respond to anxieties about their growing economic and cultural influence.’
Original source: ‘Big Tech’ isn’t one big monopoly – it’s 5 companies all in different businesses
“Amazon’s Indian venture is probably a springboard for a move towards more established markets. India is some way away from Amazon’s key US and European markets, suggesting that it’s using India as a test lab for expanding its insurance operations. However, Amazon’s decision to flex its insurance muscles in India is probably also down to the fact that Amazon has stronger competition in this market in the form of home-grown rival Flipkart — which has also begun stepping into insurance. In Europe and the US, meanwhile, Amazon has fewer real competitors. As such, it’s likely that if Amazon’s venture with Acko succeeds, we’ll see it striking similar partnerships closer to its core markets to bulk out its insurance presence there. If this were to happen, legacy insurers and smaller insurtechs would be up against some stiff competition.”
Original source: Amazon pushes further into insurance with its latest investment