As the world grapples with the ongoing pandemic, cloud-computing has played a pivotal role in ensuring digital transformation of enterprises, schools, and government organisations. Amazon Web Services (AWS) alone is witnessing an impressive growth rate of 33% every year, expected to reach nearly $500bn by 2022. Cloud-based solutions have transformed various sectors, such as healthcare, dentistry, and finance, making them more future-proof and cost-effective. Bank of America is one such success story that has leveraged the many benefits of cloud-computing in their system, leading to significantly less costs. Arpit Shrivastava, CTO of ConnectedFirst, is an expert in helping organisations switch towards cloud-based solutions and has emphasised on its importance to keep up with escalating needs of customers.
Microsoft Corporation, one of the world's leading tech companies, reports 9% rise in profits for Q1. With investments in Artificial Intelligence and Cloud Computing, the software giant earned a profit of $18.3 billion. CEO Satya Nadella's focus on innovation & strategic partnerships has seen Microsoft remain a major player in the tech world.
Salesforce unveils Salesforce Field Service innovations powered by Data Cloud & Einstein GPT for businesses to optimize ops & lower service costs. AI-generated work summarization, predictive maintenance & contractor mgmt are some of the highlights. Create a better customer experience!
. ByteDance is Chinese internet technology firm, commonly known for its successful venture, TikTok. The company has recently been the topic of discussion for making an offer of $1.4 million annually to poach a talent from OpenAI's ChatGPT R&D team, which ByteDance later denied. With its own subsidiaries, Volcano Engine and other competitors entering the field of AI, ByteDance still lacks a large-scale model product. Know more!
Amazon, the world's largest online marketplace and cloud computing platform, is affirming its commitment to ecommerce by wanting to become the go-to supplier for business supplies. This initiative is especially relevant in times of crisis, as seen during the Covid-19 pandemic when over 27,000 employees were sent off. Vice President of Amazon Business Alexandre Gagnon wants to enable bulk buys for businesses seeking desks, chairs, and printers, allowing for larger discounts on fulfilment. Amazon consequently closed some of its physical stores, adjusted to the ever-changing market.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?