Online seller Amazon has a whole suite of Amazon APIs that are focused not on its books and other products, but instead on letting developers use Amazon infrastructure. These Amazon Web Services (AWS), as they're called, provide cloud-based computing and storage services like Amazon EC2 and Amazon S3. Amazon's annual contest recently opened up to the entire world. The top winner will receive $50,000 in cash and $50,000 in AWS service credits.
This article discusses how OTT (Over The Top) rivlas are cutting into Telelcom Firm profits as their services grow. OTT rivals do not represent the end for Telecom firms, as implementing APIs into their business models could open up untapped revenue sources.