I agree to some point with the other commenters. But the reality is that almost every enterprise of any size will be hybrid cloud for quite some time if not forever. It’s impossible to lift and shift everything at once which means you need the infrastructure to connect those environments regardless.

On top of that you’ve still go some applications that run on platforms that just aren’t compatible and will need to be either rebuilt or left to run on-premise indefinitely.

Additionally, getting back to their other comments. I think there is some logic around data being viewed as “heavy” given the egress costs on most clouds. Having one place which you can easily upload data to any new environment that pops up for cheaper seems like a decent idea. Then again, a lot of money related things can be solved by simple contract negotiation, so maybe it’s not worth it.