On-prem worst days are ahead, not behind. 70% public cloud penetration scenario would be particularly bad for on-prem players, if it plays out… pic.twitter.com/ZBkXjraUni— 1 Main Capital (@1MainCapital) December 11, 2019
I thought I read somewhere in the last week that less than 5% of IT budgets were cloud focused currently. Seemed low but maybe not.— O&G OG (@EnergyCredit1) December 11, 2019
Jassy says its 3%. I don’t believe the number. Maybe 3% of installed base is “legacy” but def much higher % of incremental IT spend is cloud. Nobody touching installed base until it dies on its own. Marginal spend is all that matters.— 1 Main Capital (@1MainCapital) December 11, 2019
I find that number baffling, especially since Amazon doesn’t try to talk up their own stock. I suppose it depends a lot on the international market and I have no sense of where ROW is on the curve…— HS (@Negative_GW) December 11, 2019
@EnergyCredit1— Alex LaPrade (@alexlaprade) December 11, 2019
Look at who they surveyed: CIO’s!
Of course they’re going to say they want to move to cloud (with multiple availability zones of course). They also want everything containerized, abstracted into microservices and exposed via public API’s for partners.
… how many of those CIO’s actually make that transition is TBD.— Alex LaPrade (@alexlaprade) December 11, 2019
Over-budget, taking longer than expected for some massive rewrite trying to replace something that may be ugly but works (and runs the current business) is where many CIO’s have lost their jobs.
What do you think the right LT penetration is? I get it will be slow to migrate things, bc if it aint broke dont fix it. But would think a big chunk of all new workloads on public or multi cloud?— 1 Main Capital (@1MainCapital) December 11, 2019
Also worth noting, the historical delineation of CIO vs CTO— Alex LaPrade (@alexlaprade) December 11, 2019
CTO = technology products sold to external customers
CIO = manage internal infrastructure to run the business (usually viewed as cost centers, doesn’t reap the same benefits of cloud, tougher to resource for)