Is the Cloud Recession-Proof?
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Is the Cloud Recession-Proof?
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Re: Is the Cloud Recession-Proof?
#2Definitely not. My company has been drastically scaling back our AWS spend and I mean about a $10m+ a month reduction. I guarantee we're not alone. All the gee-whiz resume-driven-development type project infrastructure was the first to go lol.
Re: Is the Cloud Recession-Proof?
#3tldr from the article: possibly, I don’t know.
Re: Is the Cloud Recession-Proof?
#4The cloud will not be recession proof but when everything falls it’ll be less likely to fall as much as other industries or sectors.
Re: Is the Cloud Recession-Proof?
#5The cloud is this recession proof because this recession is also a people retreat to their homes recession.
Re: Is the Cloud Recession-Proof?
#6Definitely not. My company has been drastically scaling back our AWS spend and I mean about a $10m+ a month reduction. I guarantee we're not alone. All the gee-whiz resume-driven-development type project infrastructure was the first to go lol.
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Re: Is the Cloud Recession-Proof?
#7The cloud will not be recession proof but when everything falls it’ll be less likely to fall as much as other industries or sectors.
My own opinion is that "The Cloud" will fail only if things get _really_ bad. Many who are currently laid off may be getting to that point; but for the cloud to actually fail it has to be more than just some customers. It's got to be businesses and power users.
Given how power users are likely to be "Essential", and how businesses might scale back but otherwise avoid major changes, those demographics will only pull out past a different inflection point. It will take things being dire on a wide scale; whole companies and industries failing. When that happens society as a whole can be seen as failing.
If we do ever get to the point that "cloud fails" we should really hope for a new new deal.
Re: Is the Cloud Recession-Proof?
#8It depends on how many of the cloud providers customers are venture backed unprofitable startups as opposed to major corporations. I suspect that there are relatively few major corporations that would trust GCP, many who would trust Azure and AWS.
Re: Is the Cloud Recession-Proof?
#9I would say probably.
It is like electricity or water. Yes unnecessary spending will be curbed, but surge in other fronts from the system will compensate that.
Overall, it is hard to imagine that Cloud business will not be hurt, but it will have some resilience to battle it.
Re: Is the Cloud Recession-Proof?
#10Definitely not. My company has been drastically scaling back our AWS spend and I mean about a $10m+ a month reduction. I guarantee we're not alone. All the gee-whiz resume-driven-development type project infrastructure was the first to go lol.
A $10m/month reduction is quite significant. Question is, was your company spending $10m/month extra unnecessarily or have they had to cut down and go without important things in getting this kind of reduction?