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A comment on Bank of America's CEO says it's saved $2B per year by building its own cloud. Parent comment

Re:Bank of America's CEO says it's saved $2B per year by bui... by stiray on Monday October 21, 2019 @01:12PM (#21314693)
...but they are also acumulating know how which they might be able to sell in decades to come. Even more if the scenario of mainframes, IBM software, Oracle databases,... will happen and sooner or later I believe it will. Currently cloud providers are operating on absolute minimum, to get as much customers as possible into their trap. And for sure, it is highly beneficial for startups that cant afford to buy on premise hardware, but this wont last forever. History has shown that immediately when you are vendor locked, you will be charged for your dependance. Even more if people beeing able to build on premise infrastructure are becoming rare beasts. I would be glad to see I am wrong but history proves it is best teacher.
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Re:Bank of America's CEO says it's saved $2B per year by bui... by chatmasta on Monday October 21, 2019 @01:18PM (#21314764)
Operating at a minimum? How do you come to that conclusion? From a pure cost of infrastructure perspective (ignoring all the human elements), the cloud is always more expensive than any other option. It’s got some of the most ridiculous margins and price gouging of any business out there.

I think the opposite will happen. Cloud providers are becoming commoditized. Kubernetes, blah blah. Developers hate lock-in, and on a long time scale, developers drive tech decisions. Nowadays new software is cloud agnostic, and it will continue to be that way. This is commoditization, which generally drives down prices.

That said, buying commodities from a market with four participants is more like buying from a cartel than a marketplace. I definitely worry about the consolidation of the world’s IT spending going into the coffers of three or four massively profitable and morally corrupt corporations.

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Re:Bank of America's CEO says it's saved $2B per year by bui... by blantonl on Monday October 21, 2019 @01:21PM (#21314809)
It’s got some of the most ridiculous margins and price gouging of any business out there.

You and enterprise software should get together and have a introductory meeting...

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Re:Bank of America's CEO says it's saved $2B per year by bui... by birdyrooster on Monday October 21, 2019 @03:20PM (#21316141)
Great call out for Kubernetes. I’m a full believer that it will turn cloud providers into dumb aggregations of compute/network/storage (like simple utility companies) for the deployment of CRDs and Operators, which will obviate the need for AWS services like EBS, Route 53, RDS, and many many other offerings. This will lower the cost to entry for competitors and lower prices for everyone.
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Re:Bank of America's CEO says it's saved $2B per year by bui... by segmondy on Monday October 21, 2019 @04:29PM (#21316944)
I think Bezos is even colder than Ellison, it's going to be sad and hilarious when he decides to put the squeeze on those running on the cloud.
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Re:Bank of America's CEO says it's saved $2B per year by bui... by cosmodisk on Monday October 21, 2019 @04:40PM (#21317072)
A good chunk of the internet is already running just because Bezos alows it that way. The prices will go up substantially the day Lauren Sanchez walks away with his billions.
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