Amazon Web Services (AWS) reinforced its position as the continuing leader of the cloud market when it announced the fourth quarter results of 2016. During this time, sales from its cloud business touched a whopping $14 billion, signaling a 47 percent jump in its earnings. Though it was slight lower than expected, as analysts had predicted a revenue of $3.6 billion, it nevertheless is twice the growth of the company as a whole.
To give you a perspective, Amazon’s North American segment posted an earnings of $2.36 billion, which is lower than the earnings from AWS. Also, the operating profit of AWS increased by 25 percent, and this looks huge when compared to the paltry [...]
Cloud is growing at such an enormous pace that it is hard not to embrace it, regardless of the sector in which a company operates. This is probably why we’re seeing companies across all sectors move some or all the operations to the cloud, along with the twin objective to save money and gain the benefits that come from it in the form of increased operational efficiency and higher productivity. The latest in that list is the banking industry, especially in Asia, that has always been known as a traditional industry with a conservative mindset. All that is changing now, as banking giants like the Mitsubishi UFJ Financial Group (MUFG), a well-known Japanese bank, is leading the way [...]
Climate change is one of the hottest topics of discussion today, with many people for and against this idea. Though this debate rages on, the fact is we continue to use non-renewable sources of energy like coal to power our homes, businesses, and data centers. This is not sustainable for many reasons, the primary of which are these sources of fuel will dry out one day, and its extraction process has a definite impact on the surrounding environment. To avoid the hassles that come with this form of energy, many companies are striving to switch to renewable sources of energy like the sun and wind. Cloud companies are not to be left behind in this quest to move to green [...]
Amazon Web Services (AWS) is the undisputed leader in the cloud market today, and it is further expanding its reach by starting a new program for skills development. On Thursday, January 12th, AWS announced a program called re:Start, through which it aims to provide skills training for about 1,000 people in the UK. At the end of this training program, it plans to provide employment for these people within AWS or in partner companies and organizations.
This is an important move by AWS, and could signal the beginning of a new approach towards technology in general, and cloud in particular. Currently, the cloud industry is facing a big gap in skills. In other words, not many [...]
Cloud industry is growing at a rapid rate, and this is most evident in the performance and revenue numbers of the Big Seven providers, namely, Amazon, Microsoft, Google, Tencent, Baidu, Alibaba, and Facebook. To meet the growing demand from their customers, these companies are increasingly moving their operations to super-fast accelerators that can provide more than ten times the performance of a powerful CPU, and these accelerators are called Field Programmable Gate Array (FGPA) and Graphics Processing Units (GPU).
NVIDIA is one of the leading manufacturers when it comes to GPU, and many companies tap into its processing power for machine learning and AI applications. [...]
If you thought cloud storage is only for private companies, you can’t be any farther from the truth. In fact, many government agencies, including data-sensitive organizations like the US Army and FBI, are moving their operations to the cloud, mainly because of the many benefits that come with it. Some financial organizations have also started looking into cloud, thanks to the Financial Industry Regulation Authority (FINRA)’s move to adopt cloud in a big way.
At the recently concluded Amazon’s conference, Steve Randich, the executive VP of FINRA, opined that cybersecurity is better in the cloud than in private data centers, and this is why it’s a good [...]