Tag Archives: Financial Institution

If Data Is Your Currency…

Then why do enterprises insist on trying to create their own banks (data centers)?

I have been thinking a while about on-premises data centers vs cloud data centers, and this analogy came to mind…

We trust our money with banks, financial institutions.. Instead of keeping our money at home in a safe or mattress. Yes some people have safes with valuables but I’m guessing they don’t direct deposit their paycheck to their safe. People also use the bank safety deposit boxes for valuables – usually the most important things like passports, birth certs, etc!

Why do we try to make our own data centers? Host our servers and apps? Shouldn’t we trust the banks (cloud providers)? Microsoft, Amazon, Google etc? I think we should.

I think if we step back and think about it we wouldn’t be trying to recreate banks when there are banks out there. My guess is back when banks were starting out, maybe the safe makers and maintenance guys didn’t want it to happen? Or maybe they figured out how to make better safes in banks instead of houses.

Photo Credit: Myself on a bike ride last week.

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