Why this article?
I started looking at Amazon, as I started digging into the Retail sector. After all, any analysis on that sector will be incomplete without a nuanced view on Amazon. It turned out that Amazon is transforming from an e-commerce platform into a Cloud Computing juggernaut. In 2017, for example, Amazon Web Services (AWS) made up a majority of the company’s EBITDA. The trend continued in the first quarter of 2018. Measured by EBITDA or Free Cash Flow, it seems that AWS – not e-commerce – is now Amazon’s base business. It’s only logical then that I put down on paper my view on the Cloud Computing landscape. It’s amazing how one thing leads to another. It’s even more amazing how one thing leads back to things I had thought about earlier while I was digging into IBM: AI and IoT. It’s a small world.