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Every time I see another post like this I always wonder how many people would be willing to buy "cloud insurance" where a premium would cover overages due to yo
by asciimike 6y ago
Every time I see another post like this I always wonder how many people would be willing to buy "cloud insurance" where a premium would cover overages due to your mistakes in dev, outages, etc.
I don't have an exact billing model worked out, and I assume the insurance provider would mandate certain practices (e.g. setting up billing alerts that go to them, allowing them to view/manage infra), but curious if people here would be willing to pay for such a thing.
(My assumption is that most people who fall into this are too small to be willing to pay a reasonable % of their infra spend or change their infra practices to prevent this, but I'd be curious if this is something CIOs of companies who are thinking of "moving to the cloud but are leery due to cost concerns").
- meekrohprocess 6y agoYou might be able to get an insurance company to sign on to that sort of thing; have you shopped for quotes? They'd probably want to look at a representative sample of "cloud overrun" events and see how much they cost, how likely they are, what reasonable measures could help prevent them, etc. But they aren't strangers to taking unusual bets. Apparently a lot of big moonshot / X-prize type competitions fund their prize money through insurance. You present your research stating why the problem is hard, the insurance company works out how likely it is for someone to manage the challenge, and they come up with a quote for footing the bill in the unlikely event that someone wins.
- sjg007 6y agoDoes AWS implement spending limits? I would think that would be sufficient, if not, at least a start.