According to the latest report by IDC, the global revenue from public cloud services reached $45.7 billion in 2013. The research firm says cloud services will grow at a compound annual growth rate of 23 percent over the next five years.
Amazon CEO Jeff Bezos introduced four new kindle devices during an event in New York on Wednesday. Three of those devices are new Kindle e-readers that the company describes as “smaller, lighter, and more affordable than ever before,” and the fourth device is much anticipated Kindle Fire, Amazon’s Android-based color tablet.
The latest Kindle e-reader comes with a new design that makes it 30% lighter and 18% smaller. The new Kindle that is resized to easily fit your pocket turns pages 10% faster and features the same 6 inch E Ink display. Amazon has “reached the magical two-digit price point for Kindle,” and priced its new generation e-reader at $79.
From BizCloud cloud computing watch: As the demand for online storage increases, more companies are introducing cloud drive storage solutions to meet the demand. Back in 2006 Google introduced Gdocs, a service with 1GB of free storage which gained massive popularity. In 2007, Microsoft introduced Skydrive with 25GB of free storage. Most recently Amazon came out with its own web storage solutions, Cloud Drive and Cloud Player, by offering 5GB of online storage for free (compared with Microsoft SkyDrive’s 25 GB free and Google Doc’s 1GB). Beyond supporting player, Cloud Drive offers simple way to store your files online despite the content types.
From BizCloud cloud computing watch: Amazon grew humongous over time with thousands of product offerings and millions of customers worldwide. Their product range increased from few hundreds to many thousands in a small span of time. To cater this increasing trend and large customers database and concurrent users, Amazon heavily invested in cutting edge technology to improvise its transaction processing, with over $2 billion investment in technology upgradation alone. This gave Amazon a significant advantage and peace of mind in operating their large e-commerce storefront.
Amazon realized that their Information System architecture is never utilized to its full extent; the storage wasn’t efficient enough and was always underutilized. This gave spark to innovation, and Amazon launched their Cloud Computing services in the market. This not only gave Amazon a more efficient control over their infrastructure, but they were also able to offer these services to other customers who could use the same infrastructure for their own web applications.
E-mail services firm Epsilon will face years of repercussions and up to $225 million in total costs as a result of its recent data breach, a massive event that indicates the often overlooked risk of cloud-based computing systems, according to a research report released today by CyberFactors™, a cyber risk analytics and intelligence company. In early April Epsilon, the world’s largest permission-based email marketing services company that serves over 40 billion emails annually reported a breach in its security.
“While the attractiveness of the cloud model is hard to refute, the economics of business risk for cloud providers and their customers can no longer be ignored”
The recent breakdown of Amazon’s cloud computing services that disrupted services to popular sites like Foursquare and Quora is another example of a cloud failure that could prove extremely costly in the long run – and a hint of more troubles on the horizon, CyberFactors asserted in its CyberBrief on Epsilon.
According to research conducted by CyberFactors, the Epsilon breach may have affected 75 companies or 3% of Epsilon’s customers, not 2% as previously reported, and could eventually cost these companies as much as $412 million, for a total event cost of $637 million. Further, CyberFactors conservatively estimated the number of affected e-mails in the Epsilon breach at 60 million.
The total cost of the Epsilon breach – including forensic audits and monitoring, fines, litigation and lost business for provider and customers – could eventually run as high as $3 billion to $4 billion, according to CyberFactors, given that the compromised e-mail addresses could be used by hackers and phishers to gain access to sites that contain consumers’ personal information.