Possible Amazon cloud failure worries tech community

Source:- fnlondon.com The tech community has added its voice to the debate around whether companies are at risk from an over-reliance on a cloud-based computing service run by e-commerce giant Amazon. Financial News this week published an article that revealed Amazon Web Services as the predominant cloud provider to the City and highlighted concerns aired by the Financial Stability Board that the cloud computing giant could now be ‘too big to fail’. Responding to the article on Hacker News, the

Is Amazon’s cloud service too big to fail?

Source – fnlondon.com Gavin Jackson, head of Europe, the Middle East and Africa at Amazon Web Services, loves to talk about snowballs. Not the lumps of mush and ice that children chuck at each other, but Amazon’s portable information storage devices, big grey suitcases that hold huge amounts of data. When clients such as banks sign on with Amazon Web Services, the ecommerce juggernaut’s cloud-computing service, they upload encrypted data from their old legacy IT systems into the snowball, or the larger-capacity