00:00 Speaker A
There are many examples that illustrate our progress in AWS, but I'll share a few.
00:04 Speaker A
On the core side, it's important to remember that the vast majority of global IT spend, about 85%, is still on premises.
00:11 Speaker A
And we're in a 10 to 20 year cycle where that equation will flip to the cloud.
00:15 Speaker A
Conventional wisdom has been that linchpin workloads like mainframes or storage array networks would never move to the cloud, but these workloads are moving
00:23 Speaker A
as AWS has built unique cloud substitutes and AI driven migration capabilities to make this transition much easier.
00:28 Speaker A
And enterprises get the benefits of less CAPEX, lower operating costs, faster innovation, better developer productivity, and data accessibility to more easily leverage AI.
