Facepalm: One of Google Cloud's worst nightmares came true in early May, when an embarrassing snafu completely erased a customer's account and data backups. The unlucky victim was Australian pension fund UniSuper, which manages a staggering $135 billion in assets for over 600,000 members. The pension fund was essentially frozen for two weeks, unable to fully operate while it scrambled to recover from third-party backups.
WTF?! With a market cap of $1.18 trillion, Google is one of the biggest companies in the world, so one wouldn't expect some of its employees to share desks with co-workers. But that will become a reality starting from the next quarter as Google embraces "real estate efficiency."
Why it matters: Cloud is always sold as a solution to spare money over on-premise hardware and traditional software applications. A recent report says otherwise, showing how cloud platforms can waste money if customers don't know how to manage resources efficiently, which they usually don't.