1 Industry That Continues to Be on Amazon's Radar
Amazon's (NASDAQ: AMZN) growth machine has slowed down -- significantly. Over the past five years, it has averaged a growth rate of over 22%, and that was with pandemic-driven demand giving it a big boost. In recent quarters, sales have often grown by less than 10% year over year.
The company needs a growth catalyst, and one industry that could offer it that the tech giant has been targeting of late is healthcare. Let's take a look at some of its latest efforts in that area.
Amazon Web Services (AWS) is the company's cloud computing business, helping businesses store and share information online. One industry that AWS can help is healthcare, where it can add efficiency and make it easier to share and store information about patients.
Source Fool.com
