It was one of the industries most affected by the outage, as it was among the sectors that most aggressively moved its operations from on-premises data centers to AWS and other cloud providers. According to analysts, the AWS service disruption caused “hundreds of billions” in losses.

The widespread Amazon Web Services (AWS) outage on Monday had repercussions for the global economy. For an industry that measures success in milliseconds and relies on uninterrupted global connectivity, even an eight-hour disruption is catastrophic. According to Mehdi Daoudi, CEO of internet performance monitoring firm Catchpoint, the impact of the outage could easily reach hundreds of billions of dollars due to lost productivity and interruptions to business operations across all economic sectors.

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It was one of the industries most affected by the outage, as it was among the sectors that most aggressively moved its operations from on-premises data centers to AWS and other cloud providers. According to analysts, the AWS service disruption caused “hundreds of billions” in losses.

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Although the outage lasted just over three hours, the effects of the blackout were still being felt by the end of Monday, October 20. The cause was an error in an API update that affected the DNS. In Europe, the incident reignited the debate over the need to create its own cloud and reduce dependence on U.S. big tech companies.

List all analysis

For the financial sector, the solution to the AWS outage is a multi-cloud approach

It was one of the industries most affected by the outage, as it was among the sectors that most aggressively moved its operations from on-premises data centers to AWS and other cloud providers. According to analysts, the AWS service disruption caused “hundreds of billions” in losses.

MORE ANALYSIS

Spectrum for verticals: Discontent persists, although timing could tip the balance in favor of the operator

Communication service providers are developing plans to meet market demand but warn about the limitations of the official proposal. Claro believes that private networks should be complemented with public ones, as their uses are different.

Bitel, mobile operator that came from Vietnam and is already the third largest in Peru

According to official data, it surpassed Entel last August to claim the third position. It already has 400,000 5G lines, a market in which it will focus its investments in the upcoming period.

New Telecommunications Regulatory Commission starts with several pending tasks

It must finalize the auction left pending to allocate spectrum to operators for the mass rollout of 5G. It also has on its agenda resolving disputes related to the designation of dominant operators in TV, mobile telephony, and interconnections between providers.

For the financial sector, the solution to the AWS outage is a multi-cloud approach

It was one of the industries most affected by the outage, as it was among the sectors that most aggressively moved its operations from on-premises data centers to AWS and other cloud providers. According to analysts, the AWS service disruption caused “hundreds of billions” in losses.

The collapse of AWS and the sovereign risk of uncontrolled data

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