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AWS CEO on its evolution from wild idea to $60 billion giant – Source fastcompany.com

In the mid-1990s, when an online bookseller called Amazon.com was starting up, building a new company required piecing together a lot of complicated software on your own. “There were no cloud computing companies,” explains Amazon’s Adam Selipsky. “So Amazon itself had to get really good at operating infrastructure and data centers at a massive scale. It had to be highly available, had to be really secure, had to be really low cost.”

About a decade in, it occurred to the company that the platform it had implemented might be useful to other businesses. It turned that epiphany into a new business, Amazon Web Services, that gave any organization pay-as-you-go access to storage, computing cycles, and—eventually—emerging technologies such as machine learning. Today, AWS has a run rate of nearly $60 billion in annual revenue and accounts for more than half of Amazon’s operating income; it might well be the most successful bet Amazon has ever made.

After helping to hatch AWS…

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Source : fastcompany.com

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