Welcome!

Cognitive Computing Authors: Yeshim Deniz, Pat Romanski, Roger Strukhoff, Elizabeth White, Jason Bloomberg

Related Topics: @CloudExpo

@CloudExpo: Article

Cloud or Not to Cloud That Is The Question

Finance leaders meet to discuss under fear of heavy regulation

The IT world is locked in an ongoing debate over the usefulness of Cloud Computing; those who believe it directly affects ROI, and those who waver in its importance and believe there is no sure way to keep data safe within the Cloud. To help fuel and resolve the debate, the European Financial industry is assembling in the Netherlands for the FST Summit Europe between the 21 - 24 September.

This committee of CIO's, CISO's, Heads of Architecture and Compliance have highlighted cloud computing as a major talking point and are specifically interested in the pitfalls as well as the benefits to determine if this is a viable solution for cost saving initiatives. With representation from major financial institutions like Credit Suisse, Rabobank International, UBS Allianz and Deutsche Bank the need to look at solutions that save on a tight IT budget can be used when providing effective security, data storage and infrastructures.

The FST Committee explained on Thursday that in a post-financial crises, regulation is expected to increase, specifically in a short term environment, but will likely have long-term effects. While there are many facets to the implications of an increasingly regulated financial environment, this concept does set the stage as to whether cloud computing would survive the obstacles of a strongly regulated industry.

Another consequence of the FST Committee regulated environment is that Senior Management are scrutinized more than other levels of leadership, and these are the budget holders and implementers of cost effective technologies solutions and infrastructures. These are the IT professionals that will be able to determine whether the cloud computing market has matured enough to handle the needs they face when providing kpi's to the C-level directors.

From a security standpoint the cloud computing technologies need to prove that all aspects of its environment are safe from hackers and prying eyes. The major decisions facing successful implementation of cloud technologies is whether to use a solution providers cloud or bring the cloud inside and oversee the process internally. Vmware and McAfee were locking horns on this issue.

Vmware has taken the standpoint that a hybrid cloud that enables enterprises to hand the transfer of flow between internal data and private clouds and is the most viable option. On the other hand, McAfee is boasting of its ability to provide stronger imbedded security options for private cloud development based on its recent acquisition of Intel. The argument relies on IT departments running the cloud exclusively internally whilst understanding that most public clouds cannot provide the security and infrastructure required of a versatile enterprise.

While the end of this gathering will provide clarity as to the arguments associated with the numerous potential outcomes for implementation of cloud computing, the undeniable consensus is that cloud computing is going to be with us for a number of years. One thing that stands as a testament to the financial industry is that it is able to work in every industry and translate problems and obstacles into bridges toward success.

More Stories By John Funnell

John Funnell has worked in online media for over ten years, after achieving his First Class BSC Hons Degree (BBC Sponsored), John won Bos 18-21 Princess Trust Entrepeneur of the year at 21, setting up Clean Living Records Ltd (including www.BeatReview.com) with great success having many acts that charted in Europe and Canada. After selling the business John looked for a new challenge and joined GDS International, having a successful career in sales and Delegate acquisition, he worked up to Event Director EMEA, forging contacts with some of the biggest technology names in the world, this lead to John having a lead role in the creation of MeettheBoss.com and MeettheBoss.tv – the worlds largest business IPTV channel. John then took over as Marketing and Communications Director and ran a multifaceted global Marketing team for GDS International in New York, Sydney, Kuala Lumper and the UK.. John joined Global in 2011 with the challenge of supporting its growth by developing a solid Marketing foundation through various Digital, PR and brand initiatives.

IoT & Smart Cities Stories
@CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...
Rafay enables developers to automate the distribution, operations, cross-region scaling and lifecycle management of containerized microservices across public and private clouds, and service provider networks. Rafay's platform is built around foundational elements that together deliver an optimal abstraction layer across disparate infrastructure, making it easy for developers to scale and operate applications across any number of locations or regions. Consumed as a service, Rafay's platform elimi...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Ca...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...