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
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
Chief data officers must ‘get it done’—but differ on what that means
Voice of the CDO: After years of focus on data quality, governance, and compliance, CDOs are now tasked with supporting the business in generating alpha and driving value. How can firms put a value on the CDO role?
In a world of data-cost overruns, inventory systems are a rising necessity
The IMD Wrap: Max says that to avoid cost controls, demonstrate the value of market data spend.
S&P debuts GenAI ‘Document Intelligence’ for Capital IQ
The new tool provides summaries of lengthy text-based documents such as filings and earnings transcripts and allows users to query the documents with a ChatGPT-style interface.
As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
AI set to overhaul market data landscape by 2029, new study finds
A new report by Burton-Taylor says the intersection of advanced AI and market data has big implications for analytics, delivery, licensing, and more.
New Bloomberg study finds demand for election-related alt data
In a survey conducted with Coalition Greenwich, the data giant revealed a strong desire among asset managers, economists and analysts for more alternative data from the burgeoning prediction markets.
Waters Rankings 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won two categories in this year’s Waters Rankings: Best reporting system provider and Best enterprise data management system provider.