Cloud slips away from CIOs grasp
Grazed from ABA Banking Journal. Author: John Ginovsky.
By now those freaky acronyms SaaS, PaaS, and IaaS shouldn’t need to be spelled out for those in the IT know. (For all the rest, they stand for, respectively, software, platform, and infrastructure as a service.) They are subsets of what’s become known as the cloud, which previously was known as virtualization or hosted services, which previously were known as the internet, which once was capitalized as The Internet before it became commoditized.
Without further belaboring the terminology history, what’s important here is to know that businesses, and especially banks, are tearing ownership of the cloud away from the IT gurus. The other Cs beside the CIO—CEO, COO, and CFO—are waking up to the fact that cloud systems offer the potential for increased efficiency, lower costs, higher security, regulatory compliance, and world peace…


Join thousands of IT professionals at New York’s largest IT event, INTEROP New York 2013, to be held at The Javits Center on September 30 – October 04, 2013. Discover the most important innovations and strategies to drive your organization’s success, including: BYOD security, the latest cloud and virtualization technologies, SDN, the Internet of Things, Apple in the enterprise & more.