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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Stocks are sinking again. Are traders better prepared this time?
The IMD Wrap: The economic indicators aren’t good. But almost two decades after the credit crunch and financial crisis, the data and tools that will allow us to spot potential catastrophes are more accurate and widely available.
In data expansion plans, TMX Datalinx eyes AI for private data
After buying Wall Street Horizon in 2022, the Canadian exchange group’s data arm is looking to apply a similar playbook to other niche data areas, starting with private assets.
Saugata Saha pilots S&P’s way through data interoperability, AI
Saha, who was named president of S&P Global Market Intelligence last year, details how the company is looking at enterprise data and the success of its early investments in AI.
Data partnerships, outsourced trading, developer wins, Studio Ghibli, and more
The Waters Cooler: CME and Google Cloud reach second base, Visible Alpha settles in at S&P, and another overnight trading venue is approved in this week’s news round-up.
A new data analytics studio born from a large asset manager hits the market
Amundi Asset Management’s tech arm is commercializing a tool that has 500 users at the buy-side firm.
One year on, S&P makes Visible Alpha more visible
The data giant says its acquisition of Visible Alpha last May is enabling it to bring the smaller vendor’s data to a range of new audiences.
Accelerated clearing and settlement, private markets, the future of LSEG’s AIM market, and more
The Waters Cooler: Fitch touts AWS AI for developer productivity, Nasdaq expands tech deal with South American exchanges, National Australia Bank enlists TransFicc, and more in this week’s news roundup.
‘Barcodes’ for market data and how they’ll revolutionize contract compliance
The IMD Wrap: Several recent initiatives could ease arduous data audit and reporting processes. But they need buy-in from all parties if all parties are to benefit.