Tue, Sep 16, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cloud computing continues to gain the attention of financial industry

Monday, September 13, 2010

From Kirsten Bischoff, Opalesque New York:

“Cloud computing is still an evolving paradigm,” say Peter Mell and Tim Grance of the US government agency the National Institute of Standards and Technology (NIST), Information Technology Laboratory. The agency’s definition of cloud computing is currently in it’s 15th iteration.

Perhaps the simplest explanation is the one in The Big Switch: Rewiring the World, from Edison to Google , by Nicholas Carr, who refers readers back to how the world changed similarly once before with the building of electronic grids. Similar to how most firms do not elect to run a power plant in order to keep the lights on in their offices, more companies are now opting to use technology providers for their server/storage needs and in many cases for their technology staffing needs.

There are two different types of clouds: public (ie, gmail, yahoo, etc) and private (built for the exclusive use of a single operation). Public clouds such as Google docs have made the public more comfortable with the thought of information being easily maneuvered and manipulated between various parties, and as a result private clouds are gaining traction with more companies that want to tap into the same ease of use, but ensure better control, risk management, and ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. SEC charges Minnesota hedge fund manager with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has brought charges against Minneapolis-based hedge fund manager, Steven R. Markusen for bilking investors out of fees and portfolio pumping. According to the complaint, the management fees earned by Archer Advisors LLC were shrinking due to the funds’ w

  4. …And Finally – Immature[more]

    From Newsoftheweird.com: Princeton University professor John Mulvey, 67 (who teaches financial engineering applications), was charged in July with stealing 21 yard signs around the town of Princeton -- signs for a computer repair business owned by a man with whom he was feuding. Nathan McCoy,

  5. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,