Cloud Investigate

Cloud Computing Strategic Considerations for Banking & Financial Services Institutions

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Executive Summary

Cloud computing is the convergence of virtualization, distributed applications, grid, maturity of enterprise software applications and enterprise IT management - to enable a dynamic, flexible and economic approach for deploying and scaling enterprise IT. Cloud computing is tremendously attractive as it enables a fundamental shift from capital intensive focus to a flexible operational management model. It is typically characterized by on-demand computing paradigm based on pay per use pricing model. Cloud computing delivery models can be distinguished based on the level they export to the Cloud users and the level of computing resource management they offer. It is scalable, flexible and provides an automated system deployment model.

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