September 26, 2008
I know what you're thinking: Is there any more information about financial firms and outsourcing that wasn't included in Derrick's epic-length article from earlier this week? The answer: Yes (but just a little).
The Credit Crisis ...
Has -- at most -- next to nothing to do with IT. So says everyone I asked, at least. For his part Alex of Tabb of the Tabb Group believes the turmoil was caused in large part by poor strategic vision and a quest to make more money by following the leader. Whether the leader was acting intelligently, though, is a whole other question. However, as noted in the article, Tabb does see wise IT investments in playing a huge role in the areas in which IT can help. My paraphrasing of his quote might make me come off as Mr. Obvious, but there is some depth below that statement. An IT system that combines low latency, high availability, high security and fault tolerance, as well as the right people to run it, can help avoid a whole range of ill consequences that might fall short of disastrous, but can have major negative impacts nonetheless.
Savvis' Roji Oommen says outsourcing, in particular, can help traders mitigate losses that can occur in the aftermath of such a mess. If you're hosting your trading platform with a provider like Savvis, for example, you can make the decision to ease off North American trading for a while and focus in less-affected markets like Asia and EMEA, all the while maintaing low latency due to the provider's interconnected infrastructure. And then there is the benefit of reducing spending while budgets remain in limbo. Oommen says Savvis is seeing "a large spike" in inquiries about managed services from customers which Savvis would not have targeted for those services.
A Little More on the Companies
Posted by Derrick Harris - September 26, 2008 @ 12:21 AM, Pacific Daylight Time
Derrick Harris is the Editor of On-Demand Enterprise
No Recent Blog Comments
Frank Ding, engineering analysis & technical computing manager at Simpson Strong-Tie, discussed the advantages of utilizing the cloud for occasional scientific computing, identified the obstacles to doing so, and proposed workarounds to some of those obstacles.
The private industry least likely to adopt public cloud services for data storage are financial institutions. Holding the most sensitive and heavily-regulated of data types, personal financial information, banks and similar institutions are mostly moving towards private cloud services – and doing so at great cost.
In this week's hand-picked assortment, researchers explore the path to more energy-efficient cloud datacenters, investigate new frameworks and runtime environments that are compatible with Windows Azure, and design a uniﬁed programming model for diverse data-intensive cloud computing paradigms.
May 16, 2013 |
When it comes to cloud, long distances mean unacceptably high latencies. Researchers from the University of Bonn in Germany examined those latency issues of doing CFD modeling in the cloud by utilizing a common CFD and its utilization in HPC instance types including both CPU and GPU cores of Amazon EC2.
May 10, 2013 |
Australian visual effects company, Animal Logic, is considering a move to the public cloud.
May 10, 2013 |
Program provides cash awards up to $10,000 for the best open-source end-user applications deployed on 100G network.
May 08, 2013 |
For engineers looking to leverage high-performance computing, the accessibility of a cloud-based approach is a powerful draw, but there are costs that may not be readily apparent.
05/10/2013 | Cleversafe, Cray, DDN, NetApp, & Panasas | From Wall Street to Hollywood, drug discovery to homeland security, companies and organizations of all sizes and stripes are coming face to face with the challenges – and opportunities – afforded by Big Data. Before anyone can utilize these extraordinary data repositories, however, they must first harness and manage their data stores, and do so utilizing technologies that underscore affordability, security, and scalability.
04/02/2012 | AMD | Developers today are just beginning to explore the potential of heterogeneous computing, but the potential for this new paradigm is huge. This brief article reviews how the technology might impact a range of application development areas, including client experiences and cloud-based data management. As platforms like OpenCL continue to evolve, the benefits of heterogeneous computing will become even more accessible. Use this quick article to jump-start your own thinking on heterogeneous computing.