Amazon’s Cloud Unit Will Sell Satellite Data Service
(Bloomberg) -- Amazon.com Inc.'s cloud-computing unit will offer a service the company said will make it easier to download data from satellites and get it into the cloud.
The service, AWS Ground Station, lets customers schedule time to use satellite ground stations to connect with satellites and send information to Amazon's data centers for analysis. It was a response to customers who told the company it's too expensive and complicated to build or rent ground stations and send data somewhere for storing, analyzing and running machine-learning applications, Amazon Web Services Chief Executive Officer Andy Jassy said Tuesday at the company's annual cloud conference in Las Vegas.
Amazon also said it will work with Lockheed Martin Corp.'s space unit on a network of low-cost ground antennas called Verge, which will coordinate with AWS Ground Station.
Amazon is highlighting new tools and features at the event, seeking to maintain its cloud-industry lead over Microsoft Corp. and Alphabet Inc.'s Google. Jassy is scheduled to give the keynote address Wednesday at the event, called re:Invent. The global public cloud market will grow to $278 billion in 2021, up from $176 billion this year, according to Gartner Inc.
Amazon got a head start in the market by providing cheap computing power and data storage, letting customers rent space in data centers accessed via the internet rather than maintaining their own servers. The idea initially appealed to startups that wanted to grow without big investments in hardware. The market has evolved into a race to provide new tools and services to help companies make better decisions using the data they collect, which has attracted more businesses and industries to shift functions to the cloud.
Amazon's cloud unit now has top clients in almost every industry and it has built a network of data centers around the world. Amazon Web Services sales totaled a record $17.5 billion last year, providing one of the Seattle-based company's fastest-growing and most profitable revenue sources, and helping to subsidize other operations, including the bigger e-commerce business.
To contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Alistair Barr
©2018 Bloomberg L.P.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
