Tag: Amazon
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🗂 Link: IBM i Clouds Proliferating At Rapid Clip – IT Jungle
“We partnered with Google because Google wanted to partner with us and Amazon didn’t want to partner with us,” IBM i Chief Architect Steve Will said during a panel discussion at the inaugural POWERUp conference in San Antonio, Texas, in June 2018. “So hey Google is going to succeed with Power. Now I have Amazon…
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🗂 Link: The Rise of Amazon
the losses Amazon experienced in its first *21 quarters as a public company*. Over that time, cumulative net income was -$2.86 billion. Source: The Rise of Amazon
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🗂 Link: The Cost of Banking Is About to Go Up: What the Capital One Breach at Amazon Could Mean for the Industry
“The adoption of cloud platforms is a movement that will not be stopped,” says Jerry Silva, research director, IDC’s Financial Insights Group. “But there will be a slowdown as regulators step in to ensure that the security and resiliency structures that have always applied to banks directly are applied to the cloud providers with which…
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Link: Target’s same-day deliveries might break my Amazon Prime addiction
Source: Target’s same-day deliveries might break my Amazon Prime addiction
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Link: AWS’s Snowball Edge
A private cloud box from Amazon: The Snowball Edge Compute Optimized with GPU includes an on-board GPU that you can use to do real-time full-motion video analysis & processing, machine learning inferencing, and other highly parallel compute-intensive work. You can launch an sbe-g instance to gain access to the GPU. It has Lamda and EC2…
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Link: Amazon move off Oracle caused Prime Day outage in warehouse
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…
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Link: Investors Have Misdiagnosed Amazon’s Push Into The Pharmacy Business
“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.,…
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Link: Amazon takes aim at U.K. insurance market | Digital Insurance
‘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
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Link: This is the Amazon everyone should have feared — and it has nothing to do with its retail business
“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…
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Link: Amazon launches Part Finder, built by technology it acquired from Partpic in 2016
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
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Link: Kubernetes is the new app server
Indeed! ‘Then there’s the whole cloud angle. Kubernetes has “quickly become the central container orchestration engine for most major cloud providers, including Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM Cloud, and Red Hat OpenShift,” Guiu states. “With services like Amazon EKS, Azure Kubernetes Service, and Google Kubernetes Engine the developer experience is becoming…
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Link: CIOs planning to snub Oracle for other cloudy vendors – analyst
“Murphy has told clients that a survey of 154 CIOs revealed negative spending intentions towards Oracle, with CNBC reporting that his note said just 2 per cent of respondents said Oracle was their most integral vendor for cloud computing. In contrast, 27 per cent chose Microsoft and 12 per cent opted for Oracle CTO Larry…
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Link: Jeff Bezos admits Amazon has ‘the weirdest meeting culture you will ever encounter’, Business Insider
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…
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Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon
“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.” Types of roles: “The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin…
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Link: What Trump’s Fight with Amazon Signals for American Business
“All nations, of course, suffer some degree of corruption. Mathurin told me a simple test to determine if a country’s corruption level is at risk of reaching a point of state capture: just see if there is a class of entrepreneurs and small-business people with enough confidence in the government and the infrastructure to invest…
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Link: Amazon pushes further into insurance with its latest investment
“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…
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Link: Amazon is coming for the insurance industry – should we be worried?
“While UK insurers are investing in tech and providing digital services, the majority are light years behind Amazon,” noted Davies. “If insurers are not careful, they may be pushed out of having a direct relationship with customers and be relegated to the role of a price-driven risk carrier at the back end (assuming Amazon doesn’t…
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Link: Uber Spent $10.7 Billion in Nine Years. Does It Have Enough to Show for It?
“Amazon.com Inc. is famous for its losses over the years. But even in the heyday of the dot-com bubble, the e-commerce giant never came close. Amazon’s biggest loss was in 2000—a $1.4 billion embarrassment, or about $2 billion adjusted for inflation. Most years, Amazon turns a profit, albeit a small one. What Uber backers can…
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Link: Ordering from voice tubes
“Purchases made through devices such as Google Home and Amazon’s Echo are projected to leap from $2 billion to $40 billion by 2022 as technology improves, U.S. consumers become more comfortable and the speakers become nearly as commonplace in homes as a flat-screen TV, according to a new study from OC&C Strategy Consultants.” More: “Shoppers…
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Link: Federal Reserve chair says ‘Amazon effect’ could be responsible for low inflation
‘The “Amazon effect” refers to the decline in traditional retail employment despite expansion in the overall retail sector. That paradox is occurring because of the explosion of online retail, driven in part by Amazon. As online shopping becomes more efficient and widely-used, fewer traditional retail workers are needed. The Amazon theory purports that lower demand…
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