Tue, Mar 20, 2018
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From FT.com: Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/Streetinsider.com: Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t