Grazed from Bloomberg. Author: Benjamin Bain.

Trying to understand what causes flash crashes is no longer just for financial regulators and Wall Street. It’s a big deal in Silicon Valley too. Since billions of dollars were quickly erased from U.S. stocks in May 2010, the U.S. Securities and Exchange Commission has been trying to create a massive repository that would track stock and options trading from exchanges and broker-dealers on a daily basis.

That way regulators could quickly go back and find clues to what caused a market interruption. The lack of progress was highlighted last August when the Dow Jones Industrial Average dropped 1,100 points in the first few minutes of trading, sending regulators scrambling once again to figure out what went wrong…

Grazed from GoCertify. Author: Tim Warner.

It’s difficult to browse information technology (IT) industry news without seeing reference after reference to OpenStack. The buzz is that OpenStack is a free, fully open platform for building private clouds. What is OpenStack? How does it work? What OpenStack certifications may be available?

Understanding OpenStack

OpenStack is indeed free and open-source software (FOSS) written predominantly in Python; this means that you can inspect the source code and even make contributions if you’re so inclined. Specifically, OpenStack is a cloud operating system that supports infrastructure-as-a-service (IaaS), primarily virtual machine, workloads. Hallmarks of cloud computing solutions are as follows:…

Grazed from VirtualizationReview. Author: Jeffrey Schwartz.

VMware has developed new SaaS-based tools that will enable organizations to bridge applications and workloads across multiple private clouds, including Amazon Web Services EC2 and S3, Microsoft Azure, IBM SoftLayer and the Google Cloud Platform. The company’s new VMware Cross-Services provide deployment, security and management of applications and that can be shared across multiple clouds.

Cross-Cloud Services was introduced this morning during CEO Pat Gelsinger’s keynote presentation that kicked off VMworld 2016. The keynote’s purpose was to provide extended hybrid cloud infrastructures and to showcase advances in software-defined networking, storage and end user computing…

Grazed from MarketExclusive. Author: Adam Russell.

Fred Trotter, the executive of healthcare research startup CareSet and healthcare startup DocGraph recently got to work only to find that Alphabet Inc (NASDAQ:GOOGL) had locked him out of his cloud computing service. The CEO reported to work as usual on Monday morning only to finds that Alphabet had shut down his firm’s account on the Google Cloud computing service, worrying him and his team.

Trotter received a warning that one of his systems had been carrying out intrusive attacks against third parties. Alphabet condemned the act and warned the executive and his team that the problem should be fixed. Alternatively, they were expected to explain the legitimacy of the unexpected network traffic. Alphabet threatened to terminate the cloud services if the CEO and his team failed to carry out any of the requests…

Grazed from ITWeb. Author: Suzanne Franco.

Cloud technology and services have gained widespread adoption and have made a huge impact on the way business runs making cloud computing more capable, and more accessible IT solutions. Is your organisation fully aware of cloud’s true benefits to the business? On this note, by partnering with ITWeb, Neotel is conducting an online Cloud Survey during August and September to identify the cloud strategies of South African organisations.

"The objectives of the cloud survey is to take an honest and realistic look at the way in which South African businesses are looking towards cloud services, what they are comfortable with and what benefits they expect from the cloud," says Andre Schoeman, data centre analyst at Neotel. Schoeman points out that there are always dramatic changes in the business environment…

Read more from the source @ http://www.itweb.co.za/index.php?option=com_content&view=article&id=155394

Grazed from CIOReview. Author: Dr. Chandra Bhansali.

The desktop computing era gave us Do-It-Yourself (DIY) accounting systems created for small business owners. Accountants have become accustomed to working with their clients’ DIY accounting software solutions, despite their inherent risks and limitations. Now, cloud-based professional accounting systems let accountants overcome these challenges.

Unlike DIY systems, these professional systems combine the functionality of current DIY systems with the more sophisticated capabilities accountants need for their professional work. These systems allow accountants to work collaboratively with their clients, while they remain in the control of accounting process–a true win-win…

Grazed from Bloomberg. Author: Dina Bass.

VMware Inc. is set to unveil new products in a bid to eke out greater relevancy for the company in internet-based cloud-computing. On Monday, the company will announce Cloud Foundation, which combines software for storage, networking and virtualization into one package, as well as the ability to use that product as a service hosted in IBM’s cloud.

The company will also preview new Cross-Cloud subscription services that let customers manage and protect applications hosted in clouds from International Business Machines Corp., as well as market leader Amazon.com Inc. and Microsoft Corp. VMware is shifting its cloud strategy after little traction and executive departures…

Grazed from SysCon. Author: Jnan Dash.

While reading the latest issue of the Economist, I was reminded that August 25th. marks an important anniversary for two key events: 25 years back, on August 25, 1991, Linus Torvalds launched a new operating system called Linux and on the same day in 2006, Amazon under the leadership of Andy Jesse launched the beta version of Elastic Computing Cloud (EC2), the central piece of Amazon Web Services (AWS).

The two are very interlinked. Linux became the world’s most used piece of software of its type. Of course Linux usage soared due to backers like HP, Oracle, and IBM to combat the Windows force. Without open-source programs like Linux, cloud computing would not have happened. Currently 1500 developers contribute to each new version of Linux…

Grazed from SysCon. Author: Kevin Jackson.

It was late 2011 and Steven Donovan was comfortable working at SHI International Corporation, a growing information technology firm, as a personal computer break/fix technician. His company had been growing quickly from a $1 million "software-only" regional re-seller into eventually becoming a $6 billion global provider of information technology products and services.

At that time, cloud computing was just starting to explode onto the information technology scene. Although Amazon Web Services had been offering its Elastic Compute Cloud (EC2) since 2006, browser-based enterprise applications from companies like Google had only been around since 2009. Steven wanted to somehow elevate himself professionally so after hearing good things about the New Jersey Institutes CloudMASTER® certification he enrolled. After a short, but intense, online curriculum Steven earned NJIT CloudMASTER® Certificate 11002…

Read more from the source @ http://news.sys-con.com/node/3901612

Grazed from CloudComputingExpo. Author: Stefan Bernbo.

Web-scale IT is a pattern of global-class computing that delivers the capabilities of large cloud service providers within an enterprise IT setting by reimagining positions across several dimensions. The unprecedented explosion of Big Data and cloud services is driving the development of new storage architectures to store the information produced by this web-scale trend.

It is becoming increasingly clear that even a linear growth trajectory for storage is insufficient to deliver the quantity of storage needed for data produced by the Internet of Things. Current architectures have bottlenecks that, while merely inconvenient for legacy data, are simply unacceptable for the scale of storage needed today…