Cloud storage is not low cost compared to on premise if your data is "big" in any real sense. It is definitely durable, convenient, etc. not cheap.
Nobody cares about "real" technologies anymore its all about zero value technologies like bitcoin. Praise the Golden Pig
well fact is that Most "Big Companies" are still not in the cloud putting aside Techies. so they might be seeing big benefits I dont know but they sure arent doing anything about it.