Question

a background of Amazon company and its industry?

Answer 1

Amazon is an American multinational technology company based in Seattle,with 750,000 employees.It focuses on e-commerce,cloud computing,digital streaming,consumer electronics,digital distribution and artificial intelligence.It is considered one of the Big Four tech companies,along with Google,Apple,and Microsoft.It has been referred to as "one of the most influential economic and cultural forces in the world.Jeff Bezos founded Amazon in July 1994.He chose Seattle because of technical talent as Microsoft is located there.In May 1997,the organization went public.Amazon is known for its disruption of well-established industries through technological innovation and mass scale,It is the world's largest online marketplace,AI assistant provider,and cloud computing platform as measured by revenue and market capitalization.Amazon is the largest Internetcompany by revenue in the world.It is the secod largest private employer in the United States and one of the world's most valuable companies.The company initially started as an online marketplace for books but later expanded to sell electronics,software,video games,apparel,furniture,food,toys and jewelry.It has a revenue of US $280.522 billion in 2019.

Amazon focuses on :

• Cloud Computing-It is the on-demand availability of computer system resources,especially data storage and computing power,without direct active management by the user. Amazon Web Service (AWS) is the cloud computing offering by Amazon.It has a share of more than 50% in the cloud computing industry.
• E-commerce -It is the activity of electronically buying and selling of products on online services or over the internet.A wide range of products ranging from salt to car accessories are available here.Amazon has a major share in the E-commerce business.
• Artificial Intelligence- It is the intelligence demonstrated by machines,in contrast to the natural intelligence displayed by humans and animals.Alexa,the Amazon Go store and the Amazon recommendation engine are the Amazon products in artificial intelligence area.
• Consumer electronics-These are electronic equipment intended for everyday use,typically in private homes.Amazon Kindle,Amazon FireTV ,Firephone ,Echo are the Amazon products in the consumer electronics area.
• Digital distribution-It is the delivery or distribution of digital media content such as audio,video,e-books,video games and other software.Amazon Prime is the digital distribution offering from Amazon.A wide range of music,movies,documentaries are available here.
• Grocery stores-It is a retail shop that primarily sells food,either fresh or preserved.A wide range of grocery products are available at Amazon grocery stores.