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Jeff Bezos departure highlights Amazons shift

Amazon’s shift from a retailer to a tech company

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By: David Bicknell, Principal Analyst in the Thematic Team at GlobalData

Jeff Bezos departure highlights Amazons shift

“Amazon’s decision to hand Andy Jassy, head of the Amazon Web Services’ (AWS) cloud computing business, the job of replacing Jeff Bezos as Amazon’s chief executive completes Amazon’s shift from being a retailer to a technology company.

“AWS is pivotal to Amazon’s business. It accounts for a massive 52% of Amazon’s quarterly operating profit, but only 12% of total sales. It will continue to be the engine of Amazon’s growth and its most important unit for years to come.

“Technology is at the heart of Amazon’s operations, and its success is driven by its strength in the key themes disrupting the tech, media, and telecoms (TMT) sectors, including cloud, artificial intelligence (AI) and the future of work.

“In GlobalData’s sector scorecards, Amazon scores five out of five for the cloud, AI, and future of work themes, indicating that the company’s positioning in these themes will significantly improve its future performance. Amazon is also ranked number one in GlobalData’s application software and IT infrastructure sector scorecards – second behind only Microsoft in cloud services and Apple in consumer electronics.”

Danny Allan, chief technology officer and senior vice president (SVP), product strategy at Veeam. 

“Jeff Bezos, the founder of Amazon, indicated that he would be taking a new role within the company and stepping down as CEO. The new CEO of Amazon will be Andy Jassy, who has been at the head of the successful Amazon Web Services (AWS) for several years. This switch demonstrates, among other things, the enormous value and growth of AWS within Amazon.

The company is a leader in cloud infrastructure and a source of innovation. It is precisely this cloud market that is also the place for further growth for Amazon. Andy Jassy knows this better than anyone and is the man who must provide continuity and stability as Amazon’s new leader. It may take some getting used to for some to no longer have the founder as its frontman. Still, Veeam is the living example that such a change can actually create new opportunities and enormous growth. ”

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