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Three of the big cloud providers reported their earnings and said growth was slower from the previous quarter, citing macroeconomic conditions. But executives remained bullish on industry's move to the cloud.
Tradeoffs in risk made by providers might determine what lies ahead for resolving cloud outages that can bring down regional, if not national commerce.
CIOs may have grumbled when Amazon Web Services experienced an outage of 8 hours in December 2021. But their early scramble to build failovers to alternative cloud providers stalled when they found out what it would cost in capital spent and technological complexity. Today, CIOs and other IT leaders have gained a more sophisticated understanding of the tradeoffs between resilience and cost. You get what you pay for, and if your cloud outage isn't impacting revenue, you may be able to wait a few hours for the cloud service to be restored. On the other hand, if you are a major retailer and ...
The US, UK, and EU are all weighing regulations that would consider cloud companies "critical infrastructure" and require they pay consequences for outages and disruptions.
While the convergence of various clouds may be a panacea for tech executives, this, in fact, is not a realistic option.