Google and Amazon are just a few apps that are trying to make money on the cloud. Reports have come into that Google's cloud business has started to create waves. While these may be small waves, it's still a big accomplishment for Google's cloud business as well as add another facet to Google's business ventures.
Alphabet Inc. has Google invested in a lot of things. Android has always been very consistent with the search engine company. YouTube has always been good business for the company, given its popularity. Take into account the different advertising ventures Google is currently hosting and a recipe for more profits and financial success is in place/
While Google's cloud ventures-dubbed the 'Rainmaker'-wasn't as profitable last year as it is now, it's about time that this risk paid off, WSJ reports.
Amazon, for its part, has made sure that there's a silver lining behind its cloud. Amazon's own rainmaker has been its Amazon Web Services, which accounts for a 31 percent share in the cloud computing market. Google has a long way to go in catching up, according to Huffington Post, but with cloud computing becoming a very popular business, the gap may eventually close.
The company's venture into cloud computing services also shows how things are finally changing. Its main business has been online sales; cloud computing has made that easier, with the network infrastructure increasingly mobile.
Google, for its part, has Microsoft and Amazon to catch up to, but that's no problem. Catching up may actually be very profitable for the company, which is currently still hiding the true values of its cloud computing sales. That is actually the only stopper to Google climbing up in the share market, but Google is definitely enjoying the benefits of its rainmaker.
It is one of the many profits for Google. The cloud, along with Google's core business ventures, has been big profit makers. Their trust in the cloud is iron-clad, Google has hired at least 4,000 workers and diverted spending towards research into the cloud because of it.
Google might be behind Amazon in terms of that, but with cloud paying off, they may finally catch up.