Subj : AWS CEO warns of some potential big changes this year
To   : All
From : TechnologyDaily
Date : Mon Apr 17 2023 15:00:03

AWS CEO warns of some potential big changes this year

Date:
Mon, 17 Apr 2023 13:52:48 +0000

Description:
Amazons not all that bothered about the short-term wobbles, it seems, as CEO 
Andy Jassy looks to the future.

FULL STORY
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In his second letter to shareholders as CEO, Amazons Andy Jassy has offered 
an insight into what the future looks like for its Amazon Web Services ( AWS 
) arm as the world continues to shift digitally. 

Jassy likens the recent economic difficulties to those of the 2008-2009 
recession, and the 2001 period that preceded it. Each of those three times, 
the company has had to re-evaluate its various operations and subdivisions 
and there has been one consistent throughout: customer relationships. 

Amazon clearly has its finances in mind, having grown from a pre-pandemic 
revenue of $245 billion to a 2022 figure of $434 billion, but Jassy believes 
that building meaningful and lasting relationships has been pivotal to its 
success. Big changes for Amazon ahead? 

Jassy explained AWS cloud customers can benefit from scalability and 
elasticity without having the expensive outlay and depreciating assets of 
on-prem IT. Uptake has continued to be healthy with customers focusing more 
on cost-optimizing rather than cost-cutting, to the point that the companys 
sales teams are spending much of their time helping customers to weather the 
continuing storm. 

Jassy explained: While these short-term headwinds soften our growth rate, we 
like a lot of the fundamentals that were seeing in AWS. Our new customer 
pipeline is robust, as are our active migrations. Read more 

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 > Amazon is fighting some of its employees over the cost of working from 
home 

Much of the cloud computing divisions success can be attributed to the 
in-house silicon, such as Amazons Graviton CPU processors which are now in 
their third generation, the two generations of Inferentia inference chips, 
and the new Trainium training chip. 

The recently announced EC2 Trn1n and Amazon EC2 Inf2 instances, which use 
homegrown chips, have entered general availability ahead of the companys 
plans to make generative AI training with pre-existing foundations models 
(FMs) available to more businesses. 

Likening the transition to cloud computing to the migration between physical 
store locations and online shopping, Jassy explains that the company now 
stands in a good position to be able to accommodate the growing number of 
businesses looking to make the change, with 90% of the market still using 
on-prem tech. 

Another project that got a mention in the end-of-year letter was Kuiper , 
Amazons low-Earth orbit satellite system to rival Starlink and OneWeb , which 
it hopes to make commercially available in 2024 after the testing of two 
prototype satellites later this year. 

Looking ahead, all of this, says Jassy, will build a sustainable, 
long-lasting, growing company that harnesses close customer relationships and 
drives profitability for the company. In other words, it seems that Amazon 
isnt as concerned about short-term fluctuations as the 27,000 layoffs 
suggest. Need somewhere to store your data? Check out the best cloud storage 
solutions



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Link to news story:
https://www.techradar.com/news/aws-ceo-warns-of-some-potential-big-changes-thi
s-year


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