Financial services has been through a loop of let's put everything in cloud two.

We probably want to spread our risk and do more than one thing.

What if 75% of banks, for example, or 80% or whatever it is, rely on the same service providers in the back end, maybe two,

three levels abstracted and that provider fails. And suddenly the financial system of the UK turns

off. And then suddenly we're not going to be able to buy or import or export anything. So we're

looking at a situation of basically financial meltdown that makes the 2008 crisis

look like you just dropped your pocket money.

It would be huge if that system went down, even if it was momentarily.

Right.

Well, that sounds like a bit of a doomsday scenario. It's very, very unlikely to happen,

but worth thinking about. Because we've all worked with the cloud for a decade or more.

It's nothing new, we've all heard of it before, and there's a reasonable chance you're using it

right now to listen to this show. In fact, 93% of businesses are on the cloud in

some way, shape or form. Honestly, it's surprising that number isn't higher. The cloud has become

such a huge part of the way we do business over the last decade that it's hard to imagine

a world without it. And it's brilliant. For most organisations, it's everything

they need. But there are situations where it might not be the right solution, at least not right now.

We've become reliant on the cloud, in particular the so-called hyperscalers. And it works. It works so well that we're happy to throw

everything at it from photos to the kitchen sink without necessarily stopping to think if we should.

In this episode, we're going to look at whether the blue skies of the cloud might be starting

to look like storm clouds and explore some of the

issues which are starting to appear as humanity goes cloud native. This is part one of a two-part

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