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 Amazons 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, andeventuallyemerging 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 Amazons operating income; it might well be the most successful bet Amazon has ever made.
After helping to hatch AWS and then manage it until 2016, Selipsky left Amazon to run visualization software company Tableau. When Jeff Bezos named AWS CEO Andy Jassy to replace himself as Amazon CEO, Jassy recruited Selipsky to return as AWSs new chief. In a keynote for the Fast Company Innovation Festival, Fast Company editor-in-chief Stephanie Mehta spoke with Selipsky about AWSs past and present, and the opportunities and challenges ahead.
Like every company, AWS saw its business go through abrupt, epoch-shifting change when the COVID-19 pandemic struck in early 2020. In its case, the impact reflected the disruption that AWS customers and potential customers were experiencing. For somelike those in the travel industrythe pandemic was wrenching. But overall, Selipsky says, it has served as an accelerant for the types of ambitious technology projects that organizations turn to AWS to help enable.
The most important thing thats happened is that so many companies have just understood that they must undergo a digital transformation, and it has become fundamental to who theyre going to be in the future, he told Mehta. If you didnt think you were a digital company in February of 2020, you figured out in March and April that you actually were. And so weve worked even more closely with so many different companies to map out that path.
In some cases, AWS has assisted customers with urgent needs, such as spinning up cloud-based call centers to deal with spikes in customer-service needs, Selipsky said. In others, its services are powering migrations that will take years to complete. And some companies are still figuring out what the whole idea of digital transformation means to them. Theyre coming to us, sometimes with very specific goals in mind, but very often saying, Hey, AWS, youve seen this before across a lot of different companies and industries, youve been doing this since 2006, much longer than anybody elseyou help us decide what that journey looks like,' said Selipsky.
AWS didnt just originate as a new way to leverage the computing services that Amazon had built for itself. Today, Amazons manifold other arms call on AWS to power everything from the companys namesake online store to the Alexa voice assistant to online ads. Were really proud that we help those teams, Selipsky said. Theyve got brilliant people who are highly innovative.
Still, its the external customers that will keep AWS growing. And given Amazons far-flung ambitions, Mehta asked Selipsky whether its problematic that companies that compete with it in one way or another might be unwilling to consider doing business with AWS.
Though Selipsky acknowledged a few high-profile instances of AWSs ownership by Amazoncosting it business, he said that these are outnumbered by examples of it being a non-issue. AWS has big and deep relationships with folks like Netflix, Hulu, Disney Plus, and HBO, even though there are other parts of Amazon that might compete against them, he said. Or if you look at retail, for example, youve got Nike, Brooks Brothers, Shop Direct, Instacart, and Zulily.
Actually, Selipsky says, other Amazon divisions that create products on top of AWS services have been known to get jealous of third-party users:Occasionally, some of the folks from some of those groups say, Hey, is it possible that youre treating some of the external customers with more care than we get treated? Im here to tell you its not true, but just to show you that we are maniacally focused on our external customers.
AWS itself faces plenty of competitionmost notably from Microsoft, whose Azure services have become a fast-growing second-place player in the cloud-computing business Amazon created. But its future growth may be constrained less by competitive dynamics than its ability to keep up with the opportunities ahead. I make a joke about a day in the life of a bit, Selipsky told Mehta. Any given piece of data in the world may get ingested somewhere and then travel to the cloud, where it can be stored, transformed, analyzed, cleaned, visualized, and shared. The possibilities are so endless that AWS isnt going to run out of additional ways to help organizations wrangle all that information.
I still think theres a lot of building-block components that are left to build and a lot of abstracted capabilities on top of those building blocks to make that process a lot easier, a lot faster, a lot more convenient, so you can get to better decisions faster, Selipsky said. Those are a couple of the product areas, and there are many others where we have a lot of work still to do.
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AWS's new CEO on its evolution from wild idea to $60 billion giant - Fast Company
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