Questioning cloud computing for the finance industry

Questioning cloud computing for the finance industry
The financial industry, as well as the market at large, has latched onto the term “cloud computing” with a vengeance, and you have to admit that the basic premise (datacenter on-demand) is pretty sexy.  However, all may not be as it seems.
Cloud computing is not a new concept. The vision of the on-demand datacenter has been around in one shape or another for more than 20 years, and (for good reason), is usually described as the “holy grail” of datacenter architectures. Like the grail, it has always been sought after, but remained out of reach.    Virtualisation has changed all this and has brought the vision almost into our grasp.
As you consider the use of clouds, the first thing you need to consider is, “how can they be used effectively?”  The biggest challenge is that a cloud is an amorphous infrastructure, owned and operated by someone else. So what subset of your financial data could safely run in this kind of environment?
http://www.dofonline.co.uk/management/questioning-cloud-computing-for-the-finance-industry-110920.html
Cloud computing is not a new concept. The vision of the on-demand datacenter has been around in one shape or another for more than 20 years, and (for good reason), is usually described as the “holy grail” of datacenter architectures. Like the grail, it has always been sought after, but remained out of reach.    Virtualisation has changed all this and has brought the vision almost into our grasp.

The financial industry, as well as the market at large, has latched onto the term “cloud computing” with a vengeance, and you have to admit that the basic premise (datacenter on-demand) is pretty sexy.  However, all may not be as it seems.

Cloud computing is not a new concept. The vision of the on-demand datacenter has been around in one shape or another for more than 20 years, and (for good reason), is usually described as the “holy grail” of datacenter architectures. Like the grail, it has always been sought after, but remained out of reach.    Virtualisation has changed all this and has brought the vision almost into our grasp.

As you consider the use of clouds, the first thing you need to consider is, “how can they be used effectively?”  The biggest challenge is that a cloud is an amorphous infrastructure, owned and operated by someone else. So what subset of your financial data could safely run in this kind of environment?

http://www.dofonline.co.uk/management/questioning-cloud-computing-for-the-finance-industry-110920.html

Cloud computing is not a new concept. The vision of the on-demand datacenter has been around in one shape or another for more than 20 years, and (for good reason), is usually described as the “holy grail” of datacenter architectures. Like the grail, it has always been sought after, but remained out of reach.    Virtualisation has changed all this and has brought the vision almost into our grasp.

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