Thread regarding Wells Fargo & Co. layoffs

Wells Fargo is so far behind

https://techcrunch.com/2023/03/20/the-cloud-backlash-has-begun-why-big-data-is-pulling-compute-back-on-premises/

"The great cloud migration has revolutionized IT, but after a decade of cloud transformations, the most sophisticated enterprises are now taking the next generational leap: developing true hybrid strategies to support increasingly business-critical data science initiatives and repatriating workloads from the cloud back to on-premises systems. Enterprises that haven’t begun this process are already behind."

We're just beginning the move to the public cloud, SMDH.

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| 1710 views | | 9 replies (last April 24, 2023) | Reply
Post ID: @OP+1mexNmaI

9 replies (most recent on top)

There are many reasons why we are usually nowhere near the cutting edge. I don't think anybody thought moving to the cloud would be cheaper (I think Saul even stated as much). Frankly, I don't think our goal was to move everything to the cloud-- rather we are going to end up in a hybrid cloud situation IMO. We are pretty slow on many things and in this case it might be a good thing. I can't read the article b/c of the paywall. But public cloud is anything from perfect- latency, cloud-to-cloud challenges, egress/ingress costs, being cloud native, etc. Add to that our seemingly inability to get out of our own way and actually get things working. Heck, even private cloud stuff hasn't been all that great either.

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Post ID: @4mjd+1mexNmaI

I never understood the appeal of cloud computing. It's like saying it's more economical to take a taxi into work every day than buy your own car and drive yourself.

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Post ID: @1qrm+1mexNmaI

let's send tech to a third world country

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Post ID: @1swy+1mexNmaI

The way WF does agile is piece of sh-t. the way agile is implemented is for people to do more manual work trying to make it look "agile". the guys at the top are d-mb as F trying to push thing to collect their bonuses.

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Post ID: @1pck+1mexNmaI

Yesterdays technology tomorrow

  • Wells Fargo
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Post ID: @elm+1mexNmaI

@ajc+1mexNmaI

You hit on an important point. And with some SaaS applications, we have no control over maintenance windows. And when multiple cloud apps are tied together, maintenance that takes down one, on a time we cannot control, can snowball into causing issues with the others at a very bad time.

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Post ID: @ely+1mexNmaI

@hjm+1mexNmaI

The problem with Wells Fargo is we don't pay attention to the more recent experiences of others. We have people making decisions that do not keep up with the outside world.

The exact same thing is happening with Agile.

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Post ID: @gih+1mexNmaI

A lot of companies jumped into "cloud only" initiatives and are now dealing with problems the linked article refers to. My personal favorite (not in the article but causes a lot of issues just the same) is when managers decide to replace current software with some "best of breed" cloud based product that requires a good number of integrations with the current software (because their solution doesn't cover all the features needed to replace what is already in use). All they are doing is making these systems in general harder to support. And the more "cloud solutions" that are added, it becomes more difficult to keep data flowing from one to the other. So when something like SalesForce goes down, it will causes issue in 3 or 4 other systems.

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Post ID: @ajc+1mexNmaI

Hahaha. WF tech behind by 10 years

If we did nothing, we'd be caught up
(A broken clock is right twice a day)

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Post ID: @xle+1mexNmaI

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