If you listen to financial technologists willing to speak in public, it sounds as if there is still a debate raging on whether investment banks and other financial institutions should adopt cloud computing. It reminds me of the arguments long ago about whether open-source technology has a place in business while firms already had Apache and Samba servers deployed enterprise-wide. Development organizations are already using it for testing purposes. Now it’s just a matter of finding the best way to leverage it to get best bang for the IT buck.
Reaching for The Clouds
October 24, 2008