Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Bank of America's CEO says it's saved $2B per year by building its own cloud. Parent comment
A company like BoA will eventually choke until this in the future.
Also, this stuff sounds great until you need improved peering, or software-defined networks or massive bandwidth improvements, etc.
... and I get that the HN community is clever but banks and other institutions like this REALLY struggle to find this talent.
$2B is a lot except when you're losing $10B a year in revenue because you can't compete in the market.
In a way this would be like Amazon arguing it should build its own bank. It's not what they're good at... Focus on your strengths.
There are no comments on this comment yet.
A company like BoA will eventually choke until this in the future.
Also, this stuff sounds great until you need improved peering, or software-defined networks or massive bandwidth improvements, etc.
... and I get that the HN community is clever but banks and other institutions like this REALLY struggle to find this talent.
$2B is a lot except when you're losing $10B a year in revenue because you can't compete in the market.
In a way this would be like Amazon arguing it should build its own bank. It's not what they're good at... Focus on your strengths.