[ Cloud Computing ] Re: Cloud for Financial Sectors

Barbara and group, what percentage of the Intra-Cloud computing resources are still physical? If you read the hype from VMware, the world is going virtual. Is there still a need for dynamically provisioned physical servers for as you state "development, testing and to experiment and work out ideas".

 

I talked to a bank in Seattle who is now part of a National bank who stated they still have so many internal vertical infrastructure silo's that a Intra-Cloud would be the next logical step to cross breed technologies, share resources and expertise. I believe this this is the first major step towards the "cloud" and externalization to be the next step after storage (de-duping and security mainly), network bandwidth (positioning the physical or virtual image to the cloud) and security (network layer 2, access to the image and to the hosting environment) are worked out.

 

The layer 2 network segmentation can be accomplished today with VLans, however the physical wiring needs to be adjusted so a workload/physical server/virtual server can be dynamically moved without having the router and VLan definitions following in a text file to be implemented on the other side.

 

Cisco and Liquid Computing have some of this figured out.

 

The other side is the downsizing of IT staff. The IT world will for the short term be compressed with storage, network and sys-admins becoming a universal solider of sorts covering all technologies.

 

Regards,

Bruce 

-------------- Original message from barbara@principiainc.com: --------------


>
> Raj,
>
> I have 10+ years Financial Services experience, most recently with
> J.P. Morgan.
> I found some reference to John O'Hara, an ex colleague of mine at
> Morgan, about AMQP in this subject.
>
> From what I understand, several of the sector leaders in NYC are
> already funding internal cloud infrastructure.
> There are some huge benefits including
> * Volatile demand that drives server sprawl.
> * Long infrastructure delivery time lines driven by extreme process &
> governance.
> * A post financial services crisis renewed focus on driving down
> costs.
> * Time to Market: Need for rapid deployment of infrastructure for
> development, testing and to experiment and work out ideas.
>
> Financial services challenges:
> * Many of the banks already have and use compute farms for risk &
> pricing. The next challenge will be to use Cloud like compute for
> broader range of applications.
> * Regulation, compliance and security challenges that will only get
> worse with additional regulation, so I suspect they will focus on
> internal clouds, rather than third party utilities.
> * The Financial sector, like many businesses, has many complex, poorly
> standardized, legacy applications that are less than ideal candidates.
> * Companies will need to scrutinize green field development and third
> party packages/services to assure they are cloud compatible.
>
> The firms I would watch are Goldman Sachs & Morgan Stanley.
>
>
> Barbara Bour
>
> On Dec 14, 12:31 am, "Rajarshi Bhose"
> wrote:
> > Hello All,
> >
> > Please can any one provide some inputs on the cloud adaptation in Financial
> > Sectors. Are there any companies which have already invested in cloud, any
> > pointers to such case studies, white papers would be very helpful.
> >
> > Are clouds ready for Financial Organizations?
> >
> > Many Thanks
> > Raj
>
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