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…

Okay, maybe not the latter (though you never know). As it happens, a number of really high-tech analysts recently have weighed in on this point:

IBM—“For banks, the value proposition for cloud computing affects the entire business. Cloud technology offers a new model for delivering innovative client experiences, effective collaboration, improved speed to market, and increased IT efficiency,” say its researchers in a recent report…

Read more from the source @ http://www.ababj.com/technology-channel/outsourcing-cloud/item/3945-cloud-slips-away-from-cios-grasp