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The promise of the cloud is that it provides you with "trivially", "infinitely", "cost-efficiently" scalable infrastructure. Banks don't need any of that. They
by bendbro 7y ago
The promise of the cloud is that it provides you with "trivially", "infinitely", "cost-efficiently" scalable infrastructure. Banks don't need any of that. They can buy a $100k (?) mainframe, a hundred or so devs, and leave that part of the business on autopilot for 20+ years. Why even bother futzing around in the cloud?
- rbanffy 7y ago> They can buy a $100k (?) mainframe, You'll find those on e-Bay. A new one will be significantly more expensive.
- wongarsu 7y agoCompared to the cost of software engineers a few million every few decades for a mainframe aren't that significant either way.
- rbanffy 7y agoAlso, reaching the same kind of capabilities would require a substantial investment in R&D. IBM has been developing zOS for more than 50 years now.