RANSOMWARE TRACKING MAPS

Recent problems experienced with Ransomware are evident from infections, which have occurred in 99 countries including China and Russia. The organization that was worst hit by the attack was the National Health Service in England. It was reported that there was a WannaCry programme that demanded...

Oozing Investment For Amazon

Oozing Investment For Amazon

Results and Background

Although the results of the second quarter have not been too amazing for Amazon, Chief Financial Officer Thomas J. Szkutak has different plans for Amazon. Even after not putting up a very impressive performance, investment in cloud computing technology by the company will not stop. In fact, they have plans to further spruce up the investments in one of their major domains – cloud computing.

According to unofficial reports, Amazon has plans to spend capex funds to the tune of $850 million on its cloud technology division. This is considered to be a considerable jump from its previous spending of around $650 million on cloud infrastructure. However, it might be difficult for the company to give an exact break down of how much of that investment goes into providing software-as-a-service to its clients as opposed to its retail technology business (running Amazon.com).

Why this sprucing?

One might well argue that since first-quarter results have not been too good, why in the world would Amazon try to further extend its investment here instead of technology. According to financial experts, a company in such a situation should ideally be cutting its spending rather than increasing it. However, it seems that Amazon has quite different plans in mind. With industry giants such as Google, Rackspace, HP, etc. racking up their spending on cloud technology, it is an alarm bell for Amazon not to be left behind in the race. Although recent quarterly results have not been as good as previously for Amazon, they still demonstrate the company’s leadership in its domain. They also demonstrate Amazon’s ability to provide superior software-as-a-service to its consumers on a continuous basis, without compromising on quality.

Other companies mentioned above in this article have deep pockets and are presenting Amazon with tough competition. Therefore, Amazon needs not only to be cautious in its approach, but also aggressive in its spending. Thus, it needs not only to demonstrate increased consumer trust, but also its willingness to adopt long-term objectives. These objectives must also be achievable in every sense.

Although onlookers believe that this is one of the lowest-margin businesses in the entire industry, and thus companies like Amazon should not be spending so high on infrastructure, there are also counter views existing in the market. With increasing dependence of consumers on cloud infrastructure, and with the majority of the big companies moving their IT to cloud platforms, companies such as Amazon have amazing opportunities for growth lying in front of them. What they really need to have at the current point in time is a long-term vision of growth. In line with the same vision, it seems quite a logical decision for Amazon to increase its investment, even after receiving unspectacular results in one particular quarter. After all, it will be the staying horse that finally wins the race, and Amazon has enough potential to be exactly that.

By Kaamil Nakhasi

SYNDICATED NEWS SOURCES

Cloudflare Announces Unmetered Mitigation to Make Attacks a Thing of the Past

By CloudBuzz | September 25, 2017

Eliminates “surge pricing” that had been standard in the DDoS mitigation space SAN FRANCISCO, Sept. 25, 2017 (GLOBE NEWSWIRE) — Cloudflare, the leading Internet performance and security company, today announced Unmetered Mitigation, giving customers unlimited and unmetered distributed denial-of-service (DDoS) attack…

IDC – Cognitive and Artificial Intelligence Systems to Reach $57.6 Billion in 2021

By CloudBuzz | September 25, 2017

IDC Spending Guide Forecasts Worldwide Spending on Cognitive and Artificial Intelligence Systems to Reach $57.6 Billion in 2021 FRAMINGHAM, Mass., September 25, 2017 – Worldwide spending on cognitive and artificial intelligence (AI) systems is forecast to reach $57.6 billion in 2021,…

(ISC)2 and Cloud Security Alliance Host Cloud Security Summit to Help Cybersecurity Pros Securely Harness Cloud Technologies

By CloudBuzz | September 22, 2017

(ISC)2 and Cloud Security Alliance Host Cloud Security Summit Research cites strengthening of cloud security skills top priority over next three years CLEARWATER, Fla. ,Sept. 22, 2017 /PRNewswire-USNewswire/ — (ISC)² today announced it’s partnering with the Cloud Security Alliance (CSA) for the CSA…

Exclusive: T-Mobile, Sprint close to agreeing deal terms – Sources

By CloudBuzz | September 22, 2017

(Reuters) – T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S.N), people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest…

Hack of U.S. securities regulator rattles investors, stirs doubts

By CloudBuzz | September 21, 2017

WASHINGTON/NEW YORK (Reuters) – Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the…

Leaking Cloud Databases and Servers Expose Over 1 Billion Records

By CloudBuzz | September 21, 2017

Servers Expose Over 1 Billion Records As The Wall Street Journal recently pointed out, some clients of cloud service providers such as Amazon and Microsoft are accidentally leaving their cloud databases exposed due to misconfigurations of their services. Coupled with recent headline-making…