Remember the last technology bubble? It left many investors poorer, with enterprises and technology providers scratching their heads as to what went wrong.
While the investors and entrepreneurs could simply move on to the next venture, many enterprises were stuck with dead technology that cost a great deal to replace. Lesson learned? Not really. Sixteen years later, history seems to be repeating itself around cloud computing.
Why is this happening? Funding is plentiful right now, and VCs are willing to take risks rather than keep their investors’ money out of play. Thus, companies with a cloud technology idea that should really not be funded will get funding.