Key Takeaways From Amazon.Com, Inc. (NASDAQ:AMZN)’s Cloud Conference, Inc. (NASDAQ:AMZN)’s re:Invent 2015 cloud conference was an eye-opener in various ways. For example, Amazon shared key growth statistics of its Amazon Web Services (AWS) and also revealed where it wants to take the service in the future. Here are three key takeaways from Amazon’s re:Invent 2015 conference.

Cloud adoption is only beginning, Inc. (NASDAQ:AMZN) disclosed that its storage platform registered year-over-year growth of 120% while its virtual machine platform registers year-over-year growth of 95%. Though impressive, the statistics shared by Amazon for its cloud services show that adoption of cloud is only beginning to happen because established business don’t naturally post such huge growth numbers.

On issue of AWS adoption by enterprise, Amazon lined up a few enterprise names to present at its re:Invent conference. Among the company’s using Amazon’s AWS are Capital One Financial Corp. (NYSE:COF), General Electric Company (NYSE:GE), BMW and John Deere among others.

AWS in Internet of Things

Amazon is also focusing AWS on Internet of Things (IoT). The company unveiled a platform called AWS IoT. Through the platform, data from interconnected devices can be collected and analyzed.

Through AWS IoT, Amazon provides the backend infrastructural support for IoT connectivity. As such, developers can tap into AWS IoT to come up with apps and hardware needed to connect devices on the platform.

Amazon touts its AWS as having the scale and computational capacity capable of analyzing massive data.

With the rise of IoT, it is only natural that Amazon would want to leverage AWS in the space to expand its opportunities.

AWS expanding into new segments, Inc. (NASDAQ:AMZN) announced AWS QuickSight, which is a Software-as-a Service (SaaS) offering. The announcement of QuickSight marked the first time AWS is getting into SaaS, and it seems that’s only the beginning of AWS’s foray into SaaS. According to Amazon, QuickSight is a tool that can be deployed in analyzing data store in AWS and it supports features such as fancy graphics.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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