After 27 long years sitting atop the throne at Amazon’s headquarters, billionaire business tycoon Jeff Bezos has finally decided to call time and step down from his position as CEO – leaving control of his empire to Andy Jassy, who currently heads up the company’s web services department and has done since 2016.
Amazon Web Services by nature has been the conglomerate’s cash cow since its inception in 2006 offering webspace and server rental services for as little as $100 per month. It’s a far cry from the fledgling days of web technology in the 1990s when in order for a web-based company to exist, the table stakes were about $2-to-$3 million according to Om Malik, award-winning journalist and the founder of GigaOm.
The appointment of Andy Jassy as the new company CEO, given his previous job title highlights just how important data is to Amazon, and perhaps more pertinently how dangerous a monopolisation in this space could be. Ultimately, the more web space that AWS ends up h
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