Don’t let bean counters determine your cloud strategy

Grazed from ComputerWeekly. Author: Archana Venkatraman.

John Finch, the CIO of the Bank of England, warned potential cloud users to be wary of financial promises made by cloud providers and urged them to worry about legal aspects, security, compliance, service level agreements (SLAs) and data scalability while planning out their cloud strategy.

“Do not, do not, do not let the bean counters determine your cloud strategy,” Finch warned delegates at Cloud World Forum in his keynote focusing on the practical realities of cloud computing. “I may sound like I’m in cloud-denial, but I am not. Cloud can deliver good value and I know of many use cases where cloud has been a real enabler,” Finch said…

“Cloud does genuinely offer the opportunity to burst capabilities, to expand and contract, and it can remove link times and remove the need of building long and complex infrastructures." But Finch warned potential cloud users of the “pesky vendors and suppliers”, adding: “If vendors talk to you of the financial upside of the cloud, talk to someone else.”…

Read more from the source @ http://www.computerweekly.com/news/2240222922/Dont-let-bean-counters-determine-your-cloud-strategy-Bank-of-England-CIO