BST North America Panel: Will Cloud Kill the IT Department?

Cloud computing
Could the cloud spell the end for internal IT departments?

There is no doubt that in the years since cloud technology has come into play in the capital markets the scalability of it has allowed firms to cut infrastructure costs. But as more businesses outsource different solutions to the cloud, is there a chance the cloud could stand in for an entire IT department? That was the point made by one audience member of the cloud panel discussion at the Buy-Side Technology North American Summit in New York. Cloud Taking Over?During the question-and-answer