Hitting the Books: How Amazon's aggressive R&D push made it an e-commerce behemoth

Amazon is the Standard Oil of the 21st century. Its business operations and global reach dwarf those of virtually every other company on the planet — and exceed the GDP of more than a few countries — illustrating the vital importance innovation has on the modern economy. In his latest book, The Exponential Age: How Accelerating Technology is Transforming Business, Politics and Society, author Azeem Azhar examines how the ever-increasing pace of technological progress is impacting, influencing — and often rebuilding — our social, political and economic mores from the ground up.Diversion BooksExcerpted from The Exponential Age: How Accelerating Technology is Transforming Business, Politics and Society by Azeem Azhar. Copyright © 2021 Azeem Azhar. Printed with permission of the publisher, Diversion Books. All rights reserved.In 2020, Amazon turned twenty-six years old. Over the previous quarter of a century, the company had transformed shopping. With retail revenues in excess of $213 billion, it was larger than Germany’s Schwarz Gruppe, America’s Costco, and every British retailer. Only America’s Walmart, with more than half a trillion dollars of sales, was bigger. But Amazon was, by this time, far and away the world’s largest online retailer. Its online business was about eight times larger than Walmart’s. Amazon was more than just an online shop, however. Its huge operations in areas such as cloud computing, logistics, media, and hardware added a further $172 billion in... Continue reading at 'Engadget'

[ Engadget | 2021-10-16 15:30:33 UTC ]
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