Checks are deposited with human intervention - yours and mine which are free to the bank. I just earned 0.03 on my monthly intertest checking and the bank charges me 5.25%on my mortgage. Yes, I like electronic bill pay and despositing checks on my mobile phone, but banks seem greedier and prone to taking dangerous risks with depositors' funds. The pendulum has swung toward more conservatism since the 2008-09 bank meltdown, but if regulators look up for a second, banks will return to those ways (not so much community banks).
Yes, banks need to be more efficient by using the cloud, but some of the savings and efficiencies should be passed along to customers, i.e. depositors.
While cloud computing and grid computing are both concepts that involve large-scale computer networks, they are certainly not the same thing.
Cloud computing refers to an architecture in which large groups of remote servers are networked to allow centralized data storage and online access to computer services or resources. Of course, there are several cloud technology delivery models (IaaS, PaaS, DaaS and XaaS) and they all have different ways to be delivered.
Google’s Panda (aka Farmer) is now in version 3.0 and it continues to cause noticeable effects on Google pagerank and web site rankings and in turn search results and site traffic ever since it began in February. That is why CIO’s must be engaged directly on enterprise search, search engine optimization (SEO) and search engine marketing (SEM) instead of leaving it to the marketing department.
The decision to lease vs. buy is a recurring challenge for CIOs struggling with financing IT equipment. Adding to the challenge is the increasing number of options to accomplish IT projects using cloud computing or vendor hosted managed services. Often CIO’s and CFO’s get tangled in the buy vs. lease decision prematurely which can lead to a bad decision with lasting effects.
We have IT cartels! Really? Well at least that is according to outgoing US Federal CIO Vivek Kundra in his remarks before the President’s Council of Advisors on Science and Technology. Vivek said in his remarks before the council “that we almost have an IT cartel within federal IT” which is served by “very few companies” who benefit from government spending “because they understand the procurement process better than anyone else.”
Amazon has released AWS GovCloud as its latest cloud offering aimed at addressing the highly specialized need of government agencies subject to export control regulations. The AWS GovCloud offering allows US government agencies to purchase existing AWS Elastic Cloud Compute (EC2), Simple Storage Solution (S3), and Virtual Private Cloud (VPC) services that are maintained in physically and logically separated areas.