Amazon has built a huge empire over the last decade. It started off as an online retailer of books and since then, has slowly and steadily built its business. Today, it is the online retailer that many people visit when they have to buy anything from pins to phones and everything in between. All this makes Amazon the biggest online retailer in the world.
Now, Amazon is furthering its ambitions by entering into the brick and mortar world of retail with its recent acquisition of Whole Foods for a whopping $13.7 billion. In addition, it has signed into an agreement with Nike to sell its shows directly on its website.
Amazon even plans to introduce a service called Prime [...]
Cisco, the world’s largest maker of networking equipment, is gearing up for the changing tech landscape.
First off, as more companies move to the cloud, their need for networking equipment falls greatly. They no longer need so many routers and switches and in turn, this is affecting the sales of Cisco’s core business. Even those companies that invest in infrastructure don’t seem to need an end-to-end networking gear, like in the past. All that they need now is precise equipment that fits well with their requirements.
All this means, Cisco’s existing operations and business structure is taking a beating. During the 2000s, technology and networking [...]
Old warhorses in the tech industry are leaping back into profits and relevance, thanks to their foray into the cloud world. A few days back, Adobe released its results that reflected in success, specifically in the cloud industry. Today, it is Oracle.
Oracle was a relatively late entrant to the cloud market, as rivals like Salesforce.com had already started making a name for itself when oracle decided to enter this market. But that was no deterrent for Oracle as it ploughed its way through competition and has emerged as one of the key players in this industry today.
The latest results announced by Oracle are a testimony to this success. It declared a profit of $10.89 [...]
Adobe Systems Inc has reported another incredible quarter that beat analyst’s expectations on both profits and revenue.
Adobe has announced that revenue from its digital media business is $1.21 billion, which is almost four billion more than what analysts were expecting. Overall, it’s revenue saw a 27 percent jump as it touched $1.77 billion during this quarter. Analysts were predicting a revenue of only $1.73 billion. Also, profit per share was $1.02 per share as against the expectation of 95 cents per share.
Adobe also raised its forecast to a growth of 23 percent as against the expectation of 22 percent.
Creative Cloud is the flagship product of [...]
We have always seen IBM as a old warhorse because it’s been around for a really long time and has a solid foothold in the tech industry. But, that doesn’t mean it can’t make a foray into the newer aspects of tech industry.
In fact, IBM’s transformation into the cloud market has been remarkable. At the core of this transformation has been a bold and decisive management that has never shied away from taking the necessary steps needed to slowly and steadily gain a firm market share in the cloud industry.
Besides the management, its research team in cognitive development, specifically Watson, has been a great catalyst for this transformation. In many [...]
It’s raining money for startups and the latest startup to get funding is a French company called Shadow. Also called Blade, this company has raised a series A funding of $57.1 million. It had already raised more than $14.6 million from some prominent angel investors like Nick Suppipat and Michael Benobou among others.
It is attracting so many investors because of its unique idea. It treats your computer as being a part of a data center, so it treats your phones and laptops as a thin client. This is a different way to make your computers more powerful and portable than before.
The good part about this idea is that this company is not reinventing the wheel, rather [...]
Amazon Web Services (AWS) today announced the winners of its “City on a Cloud” innovation challenge. There were many categories and prizes announced for the winners.
This “City on a Cloud” is an annual challenge open for governments at all levels to see how best they use AWS’ services to improve the lives of people. many categories, including innovation, small cities, big cities, ideas, and more are awarded.
This year, Louisville won the most prominent award, which is the “Dream Big” category. It was given this award for its implementation of machine learning and IoT systems to build an efficient traffic flow management that can [...]
Nokia, the embattled cell phone manufacturer, has come up with a new set of routers that it claims will lay the foundation for future technologies such as 5G and the Internet of Things.
In an announcement made by the company, it said that Nokia has made ground-breaking innovations that’ll give more opportunities for service providers to build powerful networks. These are powered by the new FP4 silicon, which is the world’s first multi terabit chipset. It is touted that this chipset is six times more powerful than existing network processors, and this could propel faster speeds for networks.
Two products built on these chipsets are 7750 Service Router and [...]