"We’re using the cloud to plan more effectively," says Philip Jacob, senior director of risk management at Axioma, New York, who spoke at a CIO panel sponsored by Intralinks yesterday and then in a follow-up interview. The company is building a multi-asset-class risk management system for calculating potential losses on large books of complex assets. It provides stress testing under a variety of market scenarios…
Cloud Computing and Export Laws: Are You Exporting Illegal Data?
Cloud computing has opened a new world of discovery for data storage and sharing. Its ability to share both data and computing resources has caused the world to look upon it as the first major information technology of the 21st century…
UN World Tourism Organization Partners With Microsoft for Cloud Computing
Tourism used to be a business that relied heavily on advertising and word of mouth. Hearing stories about your friends’ recent trip to Mexico or seeing the beautiful lights of France on the cover of a magazine used to get potential travelers excited about visiting the world’s most luxurious places. However, the world has changed, and traditional methods of promotion are not considered as effective as they once were. How can the world of vacation planning adapt to the changing business landscape? According to Microsoft, the answer may be cloud computing…
‘Science Cloud’ computing project will tackle biggest mysteries of the universe
The Science Cloud will be tested by three organizations during a two-year pilot phase before it opens up to more groups. A new cloud-computing project called the "Science Cloud" has just been launched by some of Europe’s biggest research powerhouses along with European IT companies.
CIA wants big data, petascale computing to speed info analysis
The CIA is embracing big data to dramatically speed up the time it takes to analyze and act on the sea of data its sensors and agents collect, a top agency official said.
There have been profound changes caused by technology in recent years, much of it driven by social, mobile and cloud applications, said Ira “Gus” Hunt, the CIA’s chief technology officer, speaking at the recent AFCEA Emerging Technologies Symposium in Washington DC. One example of this is the Arab Spring uprising, which would not have been possible without those technologies, he said, adding that cheap, ubiquitous and networked devices change how the public and private sectors do business…
Cloud Computing: Wayin Gets Second Round of Funding
Wayin, the 18-month-old Scott McNealy start-up, has topped up its funding with a $14 million B round lead by US Venture Partners with the participation of TIBCO, the big Silicon Valley law firm Wilson Sonsini and a very locker room crowd of private investors including TV producer Burt Sugarman, real estate developer Michael Meldman, Gunthy-Renker co-CEO Ben Van de Bundt, former Great Plains CEO and ex-Microsoft SVP Doug Burgum, sportscaster Jim Gray and others.
Financing so far totals $20 million…
Process: The Forgotten Component of Cloud Computing
Carrier cloud providers are moving as quickly as possible to offer new services in order to build new channels and acquire new customers. They have solved technical challenges and have an impressive array of composite services. But now cloud providers need to monetize their investment, and it’s at this point that many carriers are challenged, having overlooked the creation of effective processes that enable the sale, consumption and ongoing performance of their services. Monitoring and management of cloud computing services require a customer-retention strategy…
Why Putting 99.9% of Computing on the Cloud Works for Risk Analytics Firm Axioma
ODCA provides guidance on carbon data for cloud providers
Companies issuing requests for proposals for cloud services can now tap into information on Carbon Footprint, IO Controls, Provider Assurance, Security Monitoring and VM Interoperability.
These are the five usage models that feature in reports from the Open Data Center Alliance, a body set up to develop a standards based approach to cloud computing service provision.
Within the guidance offered on Carbon Footprint, the ODCA says ‘This Usage Model establishes an open standard approach for measuring the carbon footprint of services provided from the cloud.’…
Big Data and Cloud Computing in Academics
Information Delivery Needs in Academics
Analyzing massive amounts of unstructured content and extracting information out of them is necessary for many industry verticals and particularly important for academics. The following points highlight the growing needs for information delivery in the field of education and research:
- (Higher) Education Going Virtual: With the increased costs of higher education and other federal-related restrictions on travel from other countries, higher education is turning more toward the virtual class room and this trend will increase in the future. This means that there are an increasing number of students who will look for information over the virtual classrooms and by other means such as social media, access through smart devices, etc. The more unstructured the data, the greater the need to process them toward meaningful content for students…
Hackers Stole $ 1billion in Brazil, The Worst Prepared Nation to Adopt Cloud Technology
Pricewatercooperhouse has recently released a study revealing that in 2011 hackers have stolen US$ 1 billion from companies in Brazil. On the top of that, BSA (Business Software Alliance) ranked Brazil the least prepared nation to adopt cloud computing technology among the 24 countries that account for 80 percent of the world’s information and communications technology.
In 2011 Hackers stole 1$bi from companies in Brazil
A recent survey by PricewaterhouseCoopers (PwC) reveals that about one third of companies in Brazil (32%) was victim of cyber attacks last year. The world average is lower: 23%. In Brazil, 8% of the companies attacked had losses greater than $ 5 million. In total, hackers stole $ 1 billion from companies in Brazil in 2011…