They're crowd-sourcing valuable information services from third parties to become a market data provider.
What could go wrong for information providers where Amazon controls their market and infrastructure? They become commoditized "data providers". They are coerced into profit sharing with Amazon. They are eventually replaced by Amazon-provided data.
I won't buy from this market because I see where this is heading. I use the same reason that I apply for not buying many other services and products from Amazon. It offers no additional value other than minor convenience to a customer at a much greater cost to the economy and providers.
I've been thinking about your comment for nearly an hour now, wondering about all of the potential paths this could take.
If your company goal is to sell commodity data and make money in volume rather than high margin less frequent sales then maybe this is not so bad.
To your point about Amazon eventually taking this over, I do believe that to be the case when there is near ubiquitous demand for the data type. And just looking over what is in there now, these are some pretty specific datasets.
I'm not saying you're wrong, I will be considering your comments for quite a while.
I have said this on here before and I think it still holds true. Amazon is like Jay Leno.
Conan O'Brien once said:
“Hosting The Tonight Show has been the fulfillment of a lifelong dream to me. And I want to say to the kids out there watching, you can do anything you want in life unless Jay Leno wants to do it, too.”
Apr 17, 2014
What could go wrong for information providers where Amazon controls their market and infrastructure? They become commoditized "data providers". They are coerced into profit sharing with Amazon. They are eventually replaced by Amazon-provided data.
I won't buy from this market because I see where this is heading. I use the same reason that I apply for not buying many other services and products from Amazon. It offers no additional value other than minor convenience to a customer at a much greater cost to the economy and providers.
Buying local isn't just for produce.