Technology

Amazon cloud head says COVID-19 accelerated cloud adoption by years

In Brazil, cloud adoption is also on the rise. The country's biggest private lender Itaú announced that will migrate its technology systems to the cloud, supported by AWS

Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S. Photo: Reuters/Salvador Rodriguez
Photo: Reuters/Salvador Rodriguez
  • Andy Jassy, who leads Amazon Web Services (AWS), said that the COVID-19 pandemic has accelerated cloud adoption by companies by several years;
  • The remarks were made during the company’s re:Invent conference, a marketing event for its cloud services;
  • In Brazil, cloud adoption is also on the rise. The country’s biggest private lender Itaú Unibanco announced on Monday that will migrate its technology systems to the cloud.

The COVID-19 pandemic has accelerated cloud adoption by companies by several years, Amazon’s cloud head Andy Jassy said on Tuesday.

Jassy, who leads Amazon Web Services (AWS), made the remarks at the company’s re:Invent conference, a marketing event for its cloud services.

Among several announcements, AWS launched a new chip called Trainium at the event, taking aim at Nvidia Corp’s core business of offering powerful chips to train machine learning algorithms.

READ ALSO: Microsoft’s xCloud preview version to be launched in Brazil and Mexico on Nov.18

The chip will complement Amazon’s Inferentia computing chip, which analyses incoming data from platforms like Amazon’s Alexa voice assistant.

In Brazil, cloud adoption is also on the rise. The country’s biggest private lender Itaú Unibanco announced on Monday that will migrate its technology systems to the cloud. Itaú signed a ten-year contract with AWS to provide the service.

“We need to use technology in a more modern and more consumer-centric way,” CIO Ricardo Guerra told the Brazilian newspaper Valor Econômico. “If the bank wants to be competitive, it has to be digital.” Itaú’s efforts towards the digital transformation are aligned with other financial institutions such as HSBC and Goldman Sachs, which announced deals this year to migrate their systems to the cloud.

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