A Foot in the Cloud
We've been hearing a lot about the cost climate in data management as budgets get finalized for the new year. So it's good every once in a while to step outside the immediate reference data space to consider other perspectives that could be useful for managing data. This past week, at Telx Marketplace, a conference for data center services providers and their customers, experts on cloud computing strategies pointed to developments and opportunities in the cloud that can affect how reference data will be handled next year and beyond.
Think of cost management as just a "foot in the door" to get the right cloud computing set-up for data management, says Ravi Rajagopal, vice president of cloud strategy and solutions at CA Technologies. Whatever cloud services a firm subscribes to must have a strategic impact, not just be a cost saving, he adds. Those services must be both mainstream and adequately sophisticated or they won't last. "It will just be a fancy thing that lasts for a few years and goes away," says Rajagopal.
With global cloud computing spending (for software-as-a-service) going from $49 billion in 2011 to a projected $108 billion in 2014, according to a survey of 304 companies' IT decision-makers conducted by GigaOM, a technology research and analysis firm with offices in New York and San Francisco, the cloud can hardly be written off as a flash in the pan.
Firms ought to put their use of cloud computing into a business context, but that context includes their value creation model, not just costs, according to Hunter Muller, president and CEO of HMG Strategy, a consultancy serving CIOs. That should be the basis for technology strategies and decisions concerning infrastructure and legacy applications, he says.
In Europe, for instance, cloud is viewed as a concept rather than a technology, says Job Witteman, CEO of the Amsterdam Internet Exchange, an Internet infrastructure and connections provider. "Cloud is something you need to do to build your business—not necessarily on the commercial side, but more from the data structure side," he says. "If you are a cloud provider or an enterprise buying services from the cloud provider, interconnection is much more important for cloud services than the commercial part of it."
With cloud computing growing and becoming a permanent part of the data management landscape, firms should consider the value of its functions and the way they draw both efficiencies and better data management techniques from it. That's a useful prism to view data management through going forward.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Hub to lay off 20% of staff, sources say
Hub’s CEO says this is simply a case of a startup trying to stay nimble and efficient; others say it points to deeper issues.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
After contentious Opra upgrades, vendors brace for a faster future
Upgrades to the datafeed widely used to gauge the current market price for options contracts went into effect in February after three separate delays, which market participants say were caused by persistent bandwidth issues at some important recipients.
The IMD Wrap: No more turf wars, or why CDOs should heed the Voice of the CTO
Max reviews how our recent Voice of the CTO series has implications for those beyond a firm’s technology function, and how communication and collaboration between tech, data, and leadership will deliver better results.
Dark horse: Deutsche Börse building dark pool
New functionality allowing exchange members to execute sweep trades comes hot on the heels of European rival Euronext launching its own dark pool.
Man Group’s proprietary data platform is a timesaver for quants
The investment firm’s head of data delves into its alt data strategy and use of AI tools to boost quant efficiency.
Waters Wrap: The tough climb for startups
Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.
As crypto ETFs become reality, benchmark providers take center stage
The SEC’s approval of the first spot bitcoin ETFs will expose a growing number of traditional market participants to the maturing world of crypto data, a moment that some—such as CF Benchmarks, BlackRock’s benchmark provider—have been eagerly awaiting.
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Dark horse: Deutsche Börse building dark pool