Inflight Internet Could Deliver a 58% Gain
Amazon Web Services, Inc. (AWS) recently announced that Gogo, Inc. (Nasdaq: GOGO), a global provider of broadband connectivity products and services for aviation, is moving its entire infrastructure to AWS, going all-in on the world’s leading cloud.
Business Wire reported,
“Millions of customers including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.”
GOGO also trusts the power of AWS.
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“By moving business-critical databases, including payments, orders, user management, and backend services off legacy databases to Amazon Aurora, Gogo lowered its operational overhead and gained the speed and availability of a commercial database with the simplicity and cost-effectiveness of open source.
Gogo has reduced its ongoing costs by one-third by running its backend data warehousing and analytics on AWS, creating a data lake using Amazon Simple Storage Service (Amazon S3) for storing and analyzing inflight data.
The data is enriched and analyzed using Amazon EMR, Amazon Redshift, and Amazon Athena, helping Gogo gain visibility across its network to uncover and solve pain points for customers, and drive higher customer adoption of internet and entertainment services while in flight.
Moving forward, Gogo expects to leverage AWS’s machine learning services to gain deeper insights that will enhance decision making around the inflight customer experience.”
Ravi Balwada, Senior Vice President of Software Development, commented, “We chose AWS because it is the most sophisticated and mature cloud in the industry. The change in velocity that we experienced moving from our on-premises environment to AWS has been phenomenal.
By operating and innovating on AWS, we’ve been able to nearly eliminate customer-impacting incidents related to ground-based deployments and increase our deployment cadence sevenfold. And, our database change has made operating at scale much easier and more cost effective.”
Mike Clayville, Vice President, Worldwide Commercial Sales at AWS, also commented on the new partnership, “Organizations are moving away from legacy infrastructure and database solutions to create cloud environments that give builders freedom and control over their own destinies.”
Clayville continued, “By going all-in, Gogo is leveraging the breadth and depth of AWS services, including comprehensive analytics and machine learning services to gain deeper insights and improve passengers’ in-flight experiences.
We look forward to our continued collaboration with Gogo as they become even more agile by evolving their architecture and integrating more of AWS’s services, to create smarter applications and automate historically manual processes.”
The partnership between GOGO and AWS could potentially boost the stock over time. Now could be an ideal time to consider this cheap inflight company.
GOGO should be considered a buy if momentum increases.
Look for an entry at $4.20 with a price target of at least $6.67 based on the pattern in the chart.