Wells Fargo Taps Cloud Services of Microsoft & Google
https://www.nasdaq.com/articles/wells-fargo-wfc-taps-cloud-services-of-microsoft-google-2021-09-17
21 replies (most recent on top)
It is our salvation. Yes, many infrastructure support people will find their jobs obsolete and need retraining, but so will a ton of intro business people that are being replaced by AI/ML.
Access to Pluralsight to learn about the cloud is a gift, or maybe I have been starving for so long I will take anything. Yeah, they did not spend a dime on most of us for nearly a decade, and none of us are going to conferences, but it is something. We need to be prioritizing our training during work hours. We all benefit.
If you are in the business and don’t have access to Pluralsight, it won’t do you any good anyway. 99% of what of our analysts do is rudimentary and will be replaced by our RPA colleagues in India (the grunts who program the AI/ML). That includes out useless MBA c-suite charlatans.
Actually, the cloud guru that took SVB about six months to lure and hire, left six months later (in June 2021) because he didn't want his name or reputation associated with whatever the cloud plan was.
Best of luck with it!
Dallas is a direct-peering site for Google Cloud btw
Wells Fargo has great geographical diversity now with data centers. The problem has always been with the app teams. I've been on countless deployments where the app team would have issues and get prod up and running and promise to circle back to BCP and it never happens. So when there is a Prod failure, BCP is not operational.
The cloud will probably eventually fix this.
Funny - multiple cloud migration strategies and special projects have been kicked off over the past several YEARS, with lofty goals, aggressive timelines, new hires ("cloud experts"), chaotic projects - with little to show for it. Seems SVB is hitting the reset button again. If you think EACO calls are frustrating now with multiple parties and a lot of finger pointing, do you really think it will get better once most apps move to the cloud and data centers are shut down? And it will probably add to challenges with third party management and risk management.
Microsoft will acquire Wells Fargo in the near future. It is just a matter of time. This was most likely the plan ever since CS became the CEO.
"The end-move to Azure/Google Cloud is 10-12 years out."
Well beyond the end of Charlie's tenure. How convenient.
Some important things to note.
This is not tomorrow or this year. Interim strategy is to migrate out of all core and regional data centers into 4 new leased data centers over the next few years. These will operationally be not too much different than what we have now, but will be more streamlined and host more cloud stuff on an interim basis. The end-move to Azure/Google Cloud is 10-12 years out. At that point, the hardware and data center folks will be obsolete, as will the internal cloud support folks - though it's possible they will port over to Google or Microsoft as part of the agreement (unknown)
Either way, this is not going to cost anyone their job in the near future. Expect a solid 5 years to plan your pivot to other technologies and companies. Prepare or face the consequences.
Post ID: @dtl+1cSdsKLf
Cloud provider data centers are geographically dispersed so that shouldn't be an issue. In the case of AWS for example, you have servers one the east coast in Virginia and on the west coast in Oregon. They do a better job than we do.
The cloud, yes it will happen, just like the new Wave technology in regards to everyone working on a VM. That's scrapped until the first of the year and probably even longer. So don't go buying another laptop for at least 6 months.
This aint happening over night.
@atk, what you're basically stating is that the go-forward plan for technological resiliency is to rely on the cloud, and if that particular cloud provider happens to have an outage that brings us down, the plan is just to sit there and point the finger saying "We went to cloud because it would avoid this, but it's their fault it happened."
Sounds about right for modern business management strategy.
What it means for jobs:
DevOps engineers will need to move to cloud, and we'll need fewer of them. The cloud is a one-time devops setup with occasional debugging tasks.
No more deployment-related jobs at all, they'll be folded into devops.
No more procurement people for infrastructure. A single team can handle this for the entire company.
No more hardware people at all.
Network Engineer teams will be smaller.
No more server admins for application teams. Application teams will have direct control of their cloud infrastructure.
"What could possibly go wrong?"
The risks of moving to the cloud are negative. Anything you can sc--w up in the cloud you can sc--w up in-house even more ways than you can in the cloud.
The most likely causes of failure in a cloud scenario are the same as in an in-house scenario: someone did something stupid.
The second most likely category of causes are infrastructural, such as zero-day exploits, datacenter failure, etc. These are either identical or reduced risks in the cloud, and in any case, in the cloud scenario we get to blame gigantic big name cloud vendor that everyone relies on.
Add it altogether and the cloud is a political and security plus.
I insist on using it in every system I create. My sector is high frequency trading, AI-driven trading for capital markets.
The amount of bloat we have in support of our antiquated tech platform is outrageous.
The other day we had an eaco call due to an issue with a prod box and on the call we had a windows admin (ose I think), a network guy, a SAN guy, a DB guy, a tech project manager, a prod support guy, etc…and all everyone did was point figures at each other the whole time
It was absolutely ridiculous
Bring on the cloud and fire all those b-ms I say!!!
I don't know everything it means but I do know it means people should be spending less time here and more on Pluralsight! Save yourselves, people! if you want to have any hope of being valuable in either this company going forward or the general marketplace skill UP
Every switch like this requires massive overhead in maintenance and requirements.
Move to either a support team or onto product
Is someone we know on the Microsoft Board?
Like I've been hearing for years ... if it is not a competitive advantage or outside of your core competency, get someone else to do it. We have some very clever software which is clearly a competitive advantage and a lot of fairly mediocre industry standard stuff that is better outsourced. Your app can be PAAS or running on IAAS with the data safely stored in-house.
My question would be, why are we so far behind on this? Please lay me off - I don't want to play anymore.
What does it mean? Simple, fewer Bank jobs and more outsourced jobs. Really bad news for Operations.
The Mighty Saul has if figured out
I don't understand many of the bank's decisions. There has been a ton of emphasis on risk mitigation... mostly about silly, non-essential stuff. Now, they're essentially outsourcing the bank's technology infrastructure to outside companies. What could possibly go wrong?