No, "everything" is not moving back on-prem, just like "everything" never moved to the cloud. But a great many things did move to the cloud, even more were con

No, "everything" is not moving back on-prem, just like "everything" never moved to the cloud. But a great many things did move to the cloud, even more were conceived there, and practically all of them are going to stay there. You can successfully run a whole business of a very respectable size without managing even a single on-prem device, and that's great, and that's not going to change. The push back to on-prem isn't a move, it's an expansion. Old/large/government orgs which for different good and bad but mostly immutable reasons can't let their data off-prem is getting interested. It's a new market, not a change in the old.