The Bankwatch

Tracking the consumer evolution of financial services

Amazon are the most innovative company

Thinking about innovation:  other companies including banks talk about innovation and Amazon just do it.  With revenue increases of 32% in areas that most of the population are possibly not even aware that Amazon is involved in (don’t they sell books??) this reflects an approach that levers what they have built to do other things.

Read through for Kevin Kelleher‘s views and some facts on Amazon that might surprise you.

Why Jeff Bezos is obsessed with waste

Amazon Web Services, meanwhile, offers some of the company’s technology to others. Amazon’s “other revenue” — which includes that of AWS — totaled $550 million in the last 12 months, up 32 percent from a year earlier. Drug companies like Eli Lilly are using its Elastic Compute Cloud to analyze clinical trials; other customers include ESPN, Autodesk and several hedge funds. Amazon is reaching out to academics in need of cloud computing as well.

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Written by Colin Henderson

May 9, 2009 at 15:14

Posted in Uncategorized

Tagged with , , ,

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