Wednesday, March 14, 2007

Amazon Web Services Helping Innovation Through Innovation

Jeff Bezos is exploring very interesting things with Amazon. While building the world's largest web retail operation, Amazon has amassed enormous computing systems. They have created Amazon Web Services to take advantage of this as a new business. There are 2 core offerings:

The business model is what is so attractive to tech folks out there because they are both "pay as you use." You don't have to invest millions of dollars to now grow your tech-based business ideas. This is greasing the wheels for others to innovate as he innovates.

Bezos is taking a big business gamble here. Wall Street would clearly prefer he focused on the retail operation. You would think a dot-bomb survivor would be more cautious. I'm glad he's not.

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