Bank of America's CEO says it's saved $2B per year by building its own cloud

Re:Bank of America's CEO says it's saved $2B per year by bui... by vshastry on Monday October 21, 2019 @01:18PM (#21314771)

You’re also neglecting TTM as a consideration. As an example, I’m stuck having to wait 6 weeks to get new hardware provisioned into an available slot in one of my data centers to spin up a new Hadoop cluster, something my team could probably do in a couple of hours in the cloud.

That being said, we control the HW and SW stacks end to end so I don’t have to worry as much about the nightmare scenarios the NordVPN folks went public about today. Critical given we’re in fintech ...

[ Parent | on HN ]

Re:Bank of America's CEO says it's saved $2B per year by bui... by tbyehl on Monday October 21, 2019 @02:10PM (#21315358)

Friend of mine at a payroll processor you've all heard of was excited to migrate to AWS because it took 4-6 weeks for IT to provision a new VM. On their app team's dedicated hardware!

So much of the Fortune 500 lust for public cloud seems to come down to working around inefficient IT procurement and provisioning processes. They haven't automated, they don't maintain enough excess capacity, they haven't managed vendor relationships to assure fast order turn-around, financial controls are too onerous, etc.

Everything's virtualized but otherwise they're still operating like it's 1995.

[ Parent | on HN ]