The danger of the coming 'big cloud' monopolies

Fast-forward five years: The Senate convenes a meeting to discuss recent price hikes by the three largest cloud computing providers. Businesses are up in arms because cloud computing subscription prices are tied directly to their IT spending and, thus, their bottom line. Also, we've grown so dependent on these large cloud computing providers that moving to other clouds or to internal data centers is just not practical. In other words, we work in a functional monopoly where a few providers control the public cloud market. We all know Big Oil and Big Tobacco. How about Big Cloud?

FAIRCHILD SEMICONDUCTOR INTERNATIONAL FAIR ISAAC FACTSET RESEARCH SYSTEMS