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"It's hard to describe the bad old days when each IT-related
business was essentially running its own private date center,
complete with 7/24 services and maintaining a staff of sysadmins
and other technicians, just to keep everything working."

Well said. The pace is accelerating. Hybrid is over hyped and much more complex.

I also believe multi vendor cloud is not really practical. Many large enterprises pick one (AWS or Azure) and go all in. It is too difficult to certify several and keep skills high across many.

Google has a chance. Oracle and IBM are the walking dead.
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