• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

For Wall Street firms, Cloud Computing to Gain Momentum in 2011

Andy Nguyen

Andy Nguyen

Joined
5/2/06
Messages
11,954
Points
273
Cost savings often are cited as a driver by firms using the cloud, as at any one time firms may be actively using just 80 percent of the platforms in their physical data centers, notes Miles Davis, senior manager with LECG. "Rather than have the others lying idle, [the cloud enables] you to have them online only when required, so it frees up computing power and pushes down costs," he says. But the benefits of cloud computing extend beyond cost savings. In fact, the ability to scale up or down quickly was cited in the WS&T survey as the No. 1 driver behind cloud use.

http://www.wallstreetandtech.com/articles/228900083
 
Back
Top