AWS CEO thinks cloud computing is just beginning.

• AWS might grow to be Amazon’s biggest business, if that were to happen.
• Demand is still high as many new consumers sign up and existing ones grow.
• First quarter’s cloud business sales exceeded expectations.

The future of cloud computing is bright, according to Amazon Web Services CEO Adam Selipsky.

“AWS might grow to be Amazon’s biggest business, if that were to happen. It might take some time for us to get there because Amazon now has other significant and excellent businesses, according to Selipsky.

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In essence, IT will switch to the cloud. And it will take some time. You’ve probably only witnessed about 10% of today’s IT change. So, it is still Day 1. Still early, though. The majority of it is still to come, he continued.

The first quarter’s cloud business sales exceeded expectations, making up about 16 percent of Amazon’s overall revenue, according to analysts surveyed by StreetAccount. Compared to the same period last year, AWS increased more quickly than analysts had predicted.

Before rivals Microsoft’s Azure or Alphabet’s Google Cloud Platform, AWS was introduced in 2006. It has major partnerships with Goldman Sachs, Stellantis, and Best Buy.

According to Selipsky, AWS is doing well despite the increased competition in the sector and the prospect of a recession.

According to him, demand is still high as many new consumers sign up and existing ones grow.