I think a strong argument can be made either way. There's definitely financial savings to be had by doing it in-house (either literally or utilizing existing data centers as here). But what I've experienced is that companies are often attracted to Big Cloud™ not just for financial reasons but to flatten/simplify their corporate reporting structure. It is the ultimate delegation. This isn't simply about having fewer s…
Bank of America's CEO says it's saved $2B per year by building its own cloud
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Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#102Many large companies save money by having their own cloud, but those clouds sometimes really suck compared to AWS. I know of one very large company where any request for a change in their cloud infrastructure always required a minimum two week advanced notice. In AWS such a change is just a mouse click away, and could be done in seconds. AWS also has a really amazing integration of a large variety of services which i…
our internal cloud requires months in advance to get changes done :(
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#103I continue to be amazed that any business of more than a few hundred employees would ever consider using off-prem hosting. Cloud services are there to bootstrap a business, not maintain it.
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#104I think a strong argument can be made either way. There's definitely financial savings to be had by doing it in-house (either literally or utilizing existing data centers as here). But what I've experienced is that companies are often attracted to Big Cloud™ not just for financial reasons but to flatten/simplify their corporate reporting structure. It is the ultimate delegation. This isn't simply about having fewer s…
> This isn't simply about having fewer staff I've always wondered about this. In IT now instead of having 5 system operators one has 10 "cloud consultants" and nobody knows what they are doing. I've been through a couple of "migrations to the cloud" now and I've never seen a reduction in IT staff or the cost of running IT operations. About the wrong decisioning part, if you chose the wrong "cloud" for your business t…
You start wondering if 90% of corporate world are there to do nothing if not erecting roadblocks for people who are actually doing something. But then you start wondering maybe it's a good thing that all of these people get paid and could spend their money so that majority of the country has purchasing power and not live in piss poor poverty.
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#105> The bank, which has a $10 billion annual tech budget Am I the only one completely befuddled by this number? What the fuck are they doing with these money and 200k servers? These are facebook numbers. For a bank. What?
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#106If you know your traffic well, private cloud saves a lot of money. Few years back i bet hybrid clouds will take over and for some reason it did not happen. I still believe hybrid cloud is the solution for mid size and up companies. You definitely need cloud provides for handling traffic spikes.
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#107Curious if they are all in on providers like Redhat Openshift or Pivotal Cloud Foundry as their PaaS layer.
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#108Earlier quoted context omitted.
2 Billion per year buys a lot of R&D. So, while Amazon is great for small to mid sized companies, BoA is huge and would need massive discounts to consider using Amazon.
Amazon can invest heavily in new tech because it has millions of customers who get the benefit. BofA can only invest in new tech to the degree that it benefits one (admittedly large) customer. This makes the decision seem more suspect in the long-run.
Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#109Re: Bank of America's CEO says it's saved $2B per year by building its own cloud
#110I'm not really sure why this should be a surprise. Just as big companies use a mixture of owned and rented real estate for various reasons, the same is true of other large expenses. If you have a large, predictable, core workload it makes sense to bring it in house, and use the elastic (rented) resources for unpredictable stuff (e.g. new efforts). It's not like Amazon doesn't know this too (e.g. they try to make the…