[jiraaya]

I am not sure how much of actual "work" is going to vanish. My premise is that "work" is going to be relocated but not eliminated. Moving to cloud is not as easy as drag and drop. Netflix had to do plenty of re-work (and write a bunch of very cool tools along the way) to achieve it.

The problem comes from legacy systems. They are very real and very slow moving. People do not want to alter them as that may involve re-tooling their entire ecosystem. If they do want to migrate to cloud (eventually), they would have to deal with all the additional complexity of a hybrid cloud eco-system.

Where cloud is a huge win though is lowering the entry barrier for start-ups. More start-ups are getting more things done at lesser cost and lesser time than ever before. These are exciting times for innovation.