If Your Cloud Vendor Goes Out of Business, Are You Ready?

Posted by Soulskill on Wednesday October 15, 2014 @12:14AM from the stockpile-cirrus-and-cumulus-just-in-case dept.

storagedude writes: With Amazon Web Services losing an estimated $2 billion a year, it's not inconceivable that the cloud industry could go the way of storage service providers (remember them?). So any plan for cloud services must include a way to retrieve your data quickly in case your cloud service provider goes belly up without much notice (think Nirvanix). In an article at Enterprise Storage Forum, Henry Newman notes that recovering your data from the cloud quickly is a lot harder than you might think. Even if you have a dedicated OC-192 channel, it would take 11 days to move a petabyte of data – and that's with no contention or other latency. One possible solution: a failover agreement with a second cloud provider – and make sure it's legally binding.

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Re:AWS losing $2 billion a year? by Enry · 2014-10-15 01:03 · Score: 3, Informative

Yeah this. I can't find a source for this claim. According to Wall Street Journal, AWS' revenue is only a $1.2billion per quarter. It would have to be losing at least $500mil/quarter to make a $2 billion/yr loss. In other words, for every dollar you spend on AWS, they're really losing $.50 or so.