What service does cloud companies like Amazon and Microsoft provide that is so lucrative?

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I heard that’s the reason why Microsoft took off in value the last few years, and it’s the real cash cow for Amazon. However, I don’t really understand what the cloud is other than online drives like Dropbox

In: Technology

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Anonymous 0 Comments

Most answers will be about the cheaper cost of hardware that Amazon and Microsoft can achieve through economies of scale (they can purchase a lot more equipment hence ask for bigger discounts) – but the main reason companies adopt cloud infrastructure is to save on labour costs – individual companies no longer need a team of network engineers or DBAs or Sys Admins etc – that’s a lot of money saved and the MAIN reason why companies adopt the cloud.

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