The Bankwatch

Tracking the consumer evolution of financial services

Posts Tagged ‘amazon

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.

Written by Colin Henderson

May 9, 2009 at 15:14

Posted in Uncategorized

Tagged with , , ,

Is the stock market telling us the obvious | industrial revolution has arrived


The economy is all we think about at the moment.  I prefer to see this as a systemic shift in business, with old business disappearing and a better system appearing.

A company I have watched since internet appeared in a big way is Amazon.  Quietly they re-invent things, starting with books, moving to other consumer goods, then to virtual storage, virtual servers, and virtual databases.  More recently the Kindle.  This is not a co-oncidence.  There are no Amazon stores. They are a genuine internet company.

Anyhow, I plugged into Google Finance with Amazon, eBay, Dow, Borders (just in case it was a book thing) and Bank of America. I mapped this from 1999.

The graph looks like there are only two companies – no – aside from ebay and Amazon the others are all in that dark line at the bottom.  They don’t even show on the scale alongside the first two.

We are in an industrial revolution here – the other companies are relegated to dead according to the market.

amzn2

Relevance to Bankwatch:

How much of this is recession versus a restatement of businesss, as business 2.0.

Written by Colin Henderson

February 24, 2009 at 20:52

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