This story requires our BI Prime membership. To read the full article,Amazon Web Services boss Andy Jassy spoke on Wednesday at the Goldman Sachs Technology and Internet Conference about how AWS had a head start in the cloud industry.
At the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, Jassy said that because of its head start, AWS's biggest advantages over its competitors are that it has more functionality and a large partner network. "We felt like if we didn't get to market first, it would be harder for us to be successful, and Seattle's a pretty small city," Jassy said. "We know a lot of people – or on the other side of the lake, and we were just trying to get the launch without anybody knowing. But we never imagined we'd have a six to seven year head start."
Jassy brought up an internal motto people at AWS use. This motto is "There's no compression algorithm for experience," which means that a company can't learn certain lessons until "until you get to different levels of the curve and scale." He says AWS was able to learn those lessons at an earlier stage.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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