The head of Australia’s financial services regulator says it is taking a “more open stance on cloud usage” among banks. Australian Prudential Regulation Authority chairperson Wayne Byres said in remarks prepared for the Curious Thinkers Conference in Sydney that “much has changed” since APRA in 2015 released its first information paper on the use of cloud services. Three years ago, APRA “expressed reservations about the use the cloud for initiatives with heightened or extreme inherent risk,” Byres said. Since then, however, “cloud service providers have strengthened their control environments, increased transparency regarding the nature of the controls in place, and improved their customers’ ability to monitor their environments”. “APRA-regulated entities have also improved their management capability and processes for assessing and overseeing the services provided,” the APRA chair added. As a result, APRA has … [Read more...] about Banking regulator warms to cloud computing
Use of cloud computing
One of the most exciting innovations of recent years has been cloud computing. Many of us use cloud-based services every day without really thinking about it. For example, if you take photos on your Android smartphone or Apple iPhone, your photos can be backed up automatically to the cloud, which means you can view them from any internet-connected smartphone or computer.With cloud computing, the idea is to make use of a remote, powerful, computer that’s connected to the internet, and stream its processing power to a cheaper, low-powered computer in your home. The potential for this technology is huge. It allows gamers to experience playing on powerful hardware they wouldn't be able to afford, or allow research institutes to make use of the most powerful supercomputers in the world without physically having them in the same building.Cloud computing is definitely an innovation worth getting excited about – but in its current state, is the technology too good to be true? … [Read more...] about Is cloud computing for gaming too good to be true?
The shift to cloud computing continues to gain momentum, with nearly half of application spending going on-demand within the next four years.Across key areas of enterprise technology investment -- including system infrastructure and software, application software and business process outsourcing -- 19 percent of spending currently goes on cloud services. According to tech analyst Gartner, that will rise to 28 percent by 2022, with growth in enterprise IT spending on cloud-based offerings outstripping growth in traditional, non-cloud IT offerings. SEE: Cloud v. data center decision (ZDNet special report) | Download the report as a PDF(TechRepublic)"The shift of enterprise IT spending to new, cloud-based alternatives is relentless, although it's occurring over the course of many years due to the nature of traditional enterprise IT," said Michael Warrilow, research vice president at Gartner. But cloud computing is not the answer for everything; many companies still have significant … [Read more...] about The relentless march of cloud computing continues, and here comes the tipping point
The headline costs offered by public cloud providers are increasingly attractive, with each server/instance only a few pounds per month. However, there is much more to running a service than server capacity, and if organisations are not careful their cloud costs can quickly spiral out of control.This doesn’t mean that public cloud is necessarily more expensive – simply that it is vital to understand how the services you are proposing to migrate to are charged for, and prepare a comprehensive business case. Once you have moved services to the cloud and retired your in-house infrastructure, you have to accept what your chosen cloud provider gives you unless you migrate services again.The much vaunted ‘portability’ of cloud services between providers is not yet proven, particularly for complex applications, and please be aware it is not in the provider’s interests to make it easy. Their focus is to simplify migrating your IT into their cloud environments, and … [Read more...] about Beware the hidden costs of cloud computing
Video: How to choose the best cloud provider: Tech leaders provide insightUse of cloud computing is increasingly a business-as-normal activity, and C-suite executives across all sectors have a broad range of experiences around how the cloud can be used to support digital transformation. Here, three executives who presented at the recent Cloud Expo Europe conference event in London explain how to keep these projects running smoothly -- and staff happy.Plan for change to keep disruption to a minimumChris O'Brien, CIO at the Royal Shakespeare Company, is busy helping the world-famous organisation embrace digital transformation. While the cloud brings benefits, says O'Brien, making digital transformation a success is about people and planning."People do not like change being imposed on them," he says. "They don't want to do things differently to create a benefit they can't see. People want to know how it will benefit them and how it will improve their working lives. If you're going … [Read more...] about Cloud computing: Don’t forget these factors when you make the move