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Re:Bank of America's CEO says it's saved $2B per year by bui... by m463 on Monday October 21, 2019 @08:22PM (#21319083)
Maybe it can make sense for a small company trying to scale where time is a factor using aws.

But I would expect that a large established company would do better to create it's own reasonably priced reasonably managed infrastructure.

Sort of rent vs build/own.

Re:Bank of America's CEO says it's saved $2B per year by bui... by bonesss on Tuesday October 22, 2019 @06:47AM (#21322146)
That's generally the economic case put out in cloud planning: a startup or expansion does great in the cloud with quick time to market, but once that business has matured and the risk is gone the assets move in-house because it's wildly cheaper.

And something that seemingly everyone forgets: it's not black and white... you can have some things in the cloud while you have some thing on-prem, leveraging scalable infrastructure and redundancy while also keeping your core assets fully under your control. It's pretty easy to make an internal S3 replacement, it's hard to make a better S3.

Re:Bank of America's CEO says it's saved $2B per year by bui... by tekknik on Tuesday October 22, 2019 @12:43AM (#21320446)
not necessarily. for each of these “we build our own cloud” stories there’s quite a few more stories of large enterprises saving tons switching away from their own cloud. BOA themselves know their savings won’t last and they’ll be switching back. They’re already in negotiations