Amazon launched Amazon Web Services (AWS)

Amazon Web Services (AWS) was launched as a subsidiary of Amazon, primarily aimed at providing a suite of cloud computing services. Initially, AWS focused on offering APIs that enabled web developers to create web applications leveraging Amazon's extensive e-commerce platform. This strategic move allowed developers to access Amazon's infrastructure and tools, facilitating the development of scalable and reliable applications. Over time, AWS expanded its offerings to include a variety of services such as storage, computing power, and database management, which significantly transformed the landscape of cloud computing. The introduction of AWS marked a pivotal shift in how businesses approached IT infrastructure, moving from traditional on-premises solutions to more flexible and cost-effective cloud-based services. The impact of AWS on the technology sector has been profound. It has enabled startups and established enterprises alike to innovate rapidly without the burden of managing physical servers. By providing a pay-as-you-go pricing model, AWS has democratized access to advanced computing resources, allowing companies of all sizes to scale their operations efficiently. As a result, AWS has become a leader in the cloud services market, with a substantial share of the global cloud infrastructure revenue. The growth of AWS has also spurred competition, leading to the emergence of other cloud service providers, which has further accelerated the adoption of cloud technologies across various industries. Today, AWS supports millions of active customers, including large corporations, government agencies, and educational institutions, underscoring its critical role in the modern digital economy.