Google takes on Amazon by cutting cloud service prices

December 4, 2013 Leave a comment

Google takes on Amazon by cutting cloud service prices

12:55pm EST

SAN FRANCISCO (Reuters) – Google Inc will lower prices on cloud services as the search giant gears up to take on Amazon.com Inc, International Business Machines Corp and Microsoft Corp in the fast-growing market of Internet services for corporations. In a Monday blogpost, Google outlined key features and pricing for “Compute Engine,” part of a broader service that vies with Amazon’s AWS in providing storage and computing power to corporate clients as in-house datacenters are gradually phased out. It will lower prices 10 percent on most standard services, and 60 percent on high-end data storage. Google said the service was now “generally available,” signaling that it meets internal standards and is ready for a wider rollout. It is “embarking on a significant multi-billion infrastructure-as-a-service opportunity,” analyst Colin Sebastian of R.W. Baird wrote. “Google is positioned to become the next large player in cloud services, with a robust platform of application, platform and infrastructure services, competing for an increasing share of the IT spending pie.”

Filed under TMT Trends

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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