NAFIS 2014: Cloud's Security Concerns Continue to Outweigh Cost Savings

nafis-cloud

One of the biggest advantages of cloud computing and storage is that it provides a consumption-based model for market data services, meaning that firms need only pay for the service and security level they require, said Meenagi Venkat, vice president of cloud managed services, solution and sales enablement at technology provider IBM.

"Not all cloud is the same.... There are varying levels of security. Firms can choose to take disaster recovery or not. Cloud shouldn't be about constraining your

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