There's definitely financial savings to be had by doing it in-house (either literally or utilizing existing data centers as here). But what I've experienced is that companies are often attracted to Big Cloud™ not just for financial reasons but to flatten/simplify their corporate reporting structure. It is the ultimate delegation.
This isn't simply about having fewer staff (although that can reduce internal politics and inefficiencies), but making fewer decisions and more importantly reducing the potential for making the wrong decisions (which can be career-costly, regardless of right decisions made previously).
These "soft" costs/savings are rarely discussed because they cannot be measured, unlike a balance sheet. But there's definitely a whole other dimension to infrastructure outsourcing that is worthy of note.
In this case BoA are saving money but in exchange retain additional layers of staffing, that require oversight, and ultimately decision makers willing to take risks.
There's definitely financial savings to be had by doing it in-house (either literally or utilizing existing data centers as here). But what I've experienced is that companies are often attracted to Big Cloud™ not just for financial reasons but to flatten/simplify their corporate reporting structure. It is the ultimate delegation.
This isn't simply about having fewer staff (although that can reduce internal politics and inefficiencies), but making fewer decisions and more importantly reducing the potential for making the wrong decisions (which can be career-costly, regardless of right decisions made previously).
These "soft" costs/savings are rarely discussed because they cannot be measured, unlike a balance sheet. But there's definitely a whole other dimension to infrastructure outsourcing that is worthy of note.
In this case BoA are saving money but in exchange retain additional layers of staffing, that require oversight, and ultimately decision makers willing to take risks.