The most obvious technical argument for hosting cloud services in an Australian data centre is the improved latency. Yet when it comes to making that choice, concerns over data sovereignty and whether data will be accessed by US governments remain a key issue.
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If you're running a mainframe (and many enterprises still are), then one of your biggest expenses will be the monthly licence charges (MLCs) imposed by IBM. Reducing those costs could make a considerable difference, but making those calculations can be tricky.