Funnily I'm in a different position at a different company and in house is a huge win for us over aws/azure due to very specific hardware requirements. There's a time and a place for everything - but the days of colocation are gone for people who don't actually need it
Understandable...and as I've mentioned elsewhere, we do also use physical hardware in datacenters. It's a situation of only for the things that need it for us.