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walkitouthttps://www.wsj.com/articles/treasury-warns-of-risks-to-financial-sector-in-cloud-computing-services-11675823799
Treasury notes financial industry’s move to cloud means if Microsoft / Amazon / Alphabet have a significant Disruption, that would be bad for the financial industry.
To be clear.
(1) That would not be the first thing I’d be worried about.
(2) You mean they just now noticed.
(3) Have they figured about number 1, tho?
If you have no idea what I am on about:
https://gizmodo.com/i-cut-the-big-five-tech-giants-from-my-life-it-was-hel-1831304194
That’s from 2019. This is _not_ a new observation.
ETA: I asked my husband what he thought would happen to the competitors if one major cloud provider went down. He said, they’re all good about eating their own dog food (industry jargon). I’m like, sure, but you really don’t think they really on any critical service from anyone at all that in turn relies upon a competitor? He didn’t have to think about that long at all.
There’s a problem here. Treasury has the tip of the tail.
ETAYA:
Frequently, when reading about experiments in which people decide to live without something or live according to some weird set of arbitrary rules or whatever, I think, But Why Did You Pick Those Things to Give Up? In the Gizmodo case, I was struck this time by the idea that the toddler had been on 26 flights by the time of the crowd cleanse. 26. A Toddler. In her situation, cloud providers / tech companies are probably _not_ what I focus on .
Treasury notes financial industry’s move to cloud means if Microsoft / Amazon / Alphabet have a significant Disruption, that would be bad for the financial industry.
To be clear.
(1) That would not be the first thing I’d be worried about.
(2) You mean they just now noticed.
(3) Have they figured about number 1, tho?
If you have no idea what I am on about:
https://gizmodo.com/i-cut-the-big-five-tech-giants-from-my-life-it-was-hel-1831304194
That’s from 2019. This is _not_ a new observation.
ETA: I asked my husband what he thought would happen to the competitors if one major cloud provider went down. He said, they’re all good about eating their own dog food (industry jargon). I’m like, sure, but you really don’t think they really on any critical service from anyone at all that in turn relies upon a competitor? He didn’t have to think about that long at all.
There’s a problem here. Treasury has the tip of the tail.
ETAYA:
Frequently, when reading about experiments in which people decide to live without something or live according to some weird set of arbitrary rules or whatever, I think, But Why Did You Pick Those Things to Give Up? In the Gizmodo case, I was struck this time by the idea that the toddler had been on 26 flights by the time of the crowd cleanse. 26. A Toddler. In her situation, cloud providers / tech companies are probably _not_ what I focus on .