Citi recently attended the AWS Summit and issued a research note expressing optimism about AWS's cloud business. The report points out that AWS is pushing AI agents from experimental stages toward large-scale deployment, with the core breakthrough being the upgrade of data governance capabilities. For instance, AWS Context enables the construction of enterprise-level knowledge graphs, providing a more solid data foundation for AI applications.
Citi expects AWS cloud revenue growth to accelerate from 30% in fiscal year 2026 to 37% in fiscal year 2027, reflecting strong demand driven by AI adoption. Data infrastructure companies such as Snowflake, Elastic, and Oracle are poised to benefit directly from the increased demand for AI deployment. However, the report also highlights that the effectiveness of data governance will be a key variable in determining whether AI can penetrate core business operations. Inadequate governance may hinder the deep application of AI.