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	<title>The Business-Technology Weave &#187; migrating to the cloud</title>
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		<title>Cloud Trends:  Watch Banking</title>
		<link>http://itknowledgeexchange.techtarget.com/business-technology/cloud-trends-watch-banking/</link>
		<comments>http://itknowledgeexchange.techtarget.com/business-technology/cloud-trends-watch-banking/#comments</comments>
		<pubDate>Tue, 27 Sep 2011 13:51:46 +0000</pubDate>
		<dc:creator>David Scott</dc:creator>
				<category><![CDATA[banking]]></category>
		<category><![CDATA[cloud]]></category>
		<category><![CDATA[cloud operations]]></category>
		<category><![CDATA[cloud platform]]></category>
		<category><![CDATA[cloud services]]></category>
		<category><![CDATA[migrating to the cloud]]></category>
		<category><![CDATA[migration to the cloud]]></category>
		<category><![CDATA[the cloud]]></category>

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		<description><![CDATA[  Should we migrate to the Cloud?  I hear this question frequently, particularly from small and mid-sized business.   Cloud solutions can provide robust, internet-based, IT solutions absent the need for heavy capital investments in infrastructure.  Too, there is the ability to scale according to business growth and change:  necessity for new storage capacities and scales [...]]]></description>
				<content:encoded><![CDATA[<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"><a href="http://cdn.ttgtmedia.com/ITKE/uploads/blogs.dir/161/files/2011/09/cloud-8cm41.jpg"><img class="alignleft size-medium wp-image-934" src="http://cdn.ttgtmedia.com/ITKE/uploads/blogs.dir/161/files/2011/09/cloud-8cm41.jpg" alt="" width="336" height="216" /></a> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">Should we migrate to the Cloud?<span>  </span>I hear this question frequently, particularly from small and mid-sized business.</span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">Cloud solutions can provide robust, internet-based, IT solutions absent the need for heavy capital investments in infrastructure.<span>  </span>Too, there is the ability to scale according to business growth and change:<span>  </span>necessity for new storage capacities and scales of processing; perhaps demands from personnel for sophistication in the handling of systems’ related process – things the organization may lack, and which the Cloud provider can offer. </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">Of course, the question must be asked:<span>  </span>What of security?<span>  </span>Anything in the Cloud is not within the “four walls” of the organization. <span> </span>(An org may, of course, have multiple locations – but here the “four walls” concept is a metaphor, vis-à-vis the fact that data and process are now harbored outside any direct physical location of the organization).</span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">One bellwether worth watching is the banking industry.<span>  </span>Banks, like any responsible organization, are constantly on the watch for means of enhanced productivity – and here the Cloud has ready offerings.<span>  </span>Whether it’s infrastructure savings, operating expenditures savings, or new cloud-based business models, the goal is to best leverage the mix of private, public, and community-based resources that are in the Cloud.</span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">Of course, banking is wary, because of data’s location, and the potential influence on steady availability, and the necessity for rapid recoveries in case of loss or corruption.<span>  </span>Data’s integrity, related issues of confidentiality, and means of authentication are also concerns.<span>  </span>Banks, and perhaps you too, are leery of outsourcing customer data to third-party Cloud providers and operators.</span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small">If you’re considering any measure of move to the Cloud, take a hard look at various providers.<span>  </span>Assess their history, client base, and financial stability.<span>  </span>Also examine their functionalities and services levels:<span>  </span>Look into their ability to integrate data and process across various platforms and through a variety of cloud services.</span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-family: Calibri;font-size: small"> </span></p>
<p class="MsoNoSpacing" style="margin: 0in 0in 0pt"><span style="font-size: small"><span style="font-family: Calibri"><strong>On this day</strong>:<span>  </span>Sep. 27, 1905, the first published blues composition goes on sale – W.C. Handy’s “Memphis Blues”<span style="color: black"> </span><span>  </span></span></span></p>
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