An Internal Cloud

Infrastructure

To reap the cost-saving benefits of cloud computing, Merrill Lynch and parent company Bank of America are in the process of developing an ambitious enterprise file system (EFS) that will power the bank's internal cloud computing initiative.

Although third-party vendors, such as Internet mainstays Amazon and Google, offer cloud computing environments, they have shortcomings, says Jeffrey Birnbaum, chief technology architect and global head of architecture and engineering with Merrill Lynch, who

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