The Innovation Fertility of Amazon
Last summer, I wrote the following about Amazon Web Services, Amazon’s cloud services business:
Not only is Amazon’s cloud services an amazing business for it, Amazon,along with others surely, but with significant credit due to it, has made the world an innovation platform, enabling the low-cost, lean, prototyping innovation culture of today.
Today, a FT article takes stock of how fast AWS continues to support a wide diversity of innovation. AWS is being used to operate two Nasa robots probing Mars, host AirBNB, and Netflix’s video streaming (which incidentally Amazon competes against with its own Instant Video service). Amazon continues to cut prices on the service, with prices for it services having declined about 75% since 2006. And it seems to be doing pretty well for Amazon with annual revenues of over $1 million.