For Amazon, their biggest business/product is actually a B2B business unit called AWS, Amazon Web Services....

 

Transcribed Image Text:

For Amazon, their biggest business/product is actually a B2B business unit called AWS, Amazon Web Services. Have you ever heard of "the cloud?" AWS is Amazon's cloud service offering for businesses. Amazon AWS is the most successful business segment within Amazon, and it generated over $80 billion in revenues in 2022 and almost $23 billion in operating profit. Compared to over $62 billion in revenues in 2021 and $18.5 billion in net profits. AWS is one of the most profitable businesses in the world. Even for a massive business, it's still growing at 20%+ every quarter. 1) Describe Amazon AWS attributes of demand for their products. What's changing for their customers to cause their growth rate to be so high? 2) Many startups use AWS, and heavily use AWS. Put yourself in the shoes of an entrepreneur. What about AWS do you think would benefit a new startup business with only 3-5 employees? What is attractive about potentially using AWS for your business? What are the downsides of using AWS for your business? For Amazon, their biggest business/product is actually a B2B business unit called AWS, Amazon Web Services. Have you ever heard of "the cloud?" AWS is Amazon's cloud service offering for businesses. Amazon AWS is the most successful business segment within Amazon, and it generated over $80 billion in revenues in 2022 and almost $23 billion in operating profit. Compared to over $62 billion in revenues in 2021 and $18.5 billion in net profits. AWS is one of the most profitable businesses in the world. Even for a massive business, it's still growing at 20%+ every quarter. 1) Describe Amazon AWS attributes of demand for their products. What's changing for their customers to cause their growth rate to be so high? 2) Many startups use AWS, and heavily use AWS. Put yourself in the shoes of an entrepreneur. What about AWS do you think would benefit a new startup business with only 3-5 employees? What is attractive about potentially using AWS for your business? What are the downsides of using AWS for your business?