You are in: Articles / Studies & Benchmarks / Wall Street looks to cloud technology for its next bailout
 
 
 

Wall Street looks to cloud technology for its next bailout

(Joe McKendrick, ZDNet) Can new technology initiatives help pull Wall Street out of the danger zone? A new survey released by IBM and Securities Industry and Financial Markets Association (SIFMA) finds that IT budgets are tight on Wall Street, but things are loosening up, and there’s going to be plenty of demand for new technology initiatives in the near future as firms on the Street look to “transformational” solutions to help better manage risk.

The survey of more than 350 Wall Street IT professionals found a “significant” increase in interest in new technologies and computing models, in particular cloud computing, as firms seek to overcome budgetary restrictions and skills shortages. Almost half of the respondents now see cloud computing as a disruptive force.

The past year has seen marked growth interest in cloud computing. The number of respondents predicting that cloud computing would force significant business change more than doubled (from 21% in 2008 to 46% in 2009), making it the top disruptive technology, ahead of operational risk modeling and mobile technologies.

Major initiatives underway at most Wall Street firms include enhancing electronic trading tools (69%), improving data capacity and bandwidth (58%), and improving technology framework and infrastructure (58%). It can be assumed that the last item includes SOA efforts.

 
 
|
|
Rating: 12345
 
Leave a comment



Note: all fields marked with (*) are required
Comments (0)
 
Close send to email window
 



Verification code

Already a member?
Blacklist monitoring alerts
sign up Signup for our real-time monitoring service and receive email notifications each time one of your IPs gets blacklisted.
Free Signup
Mail Server Operating System Poll
.01

What OS do you use for your email server?
Linux
Windows
Other
disabled next
.02

How many mailboxes do you currently manage?
1-50
51-300
300+
previous next
.03

Would you like to comment upon the choosing of this particular OS?

previous
 
DNS Tools
Get IP status, owner and location, obtain its corresponding hostname or check specific ports.
Ping Statistics
Reverse DNS Lookup
Whois Info (IP owner)
GeoIP Information
Check Port
Open Relay Test
Test if your mail server is an open relay for spammers.
Blacklist Checker
Check if your IP is listed in DNS based email blacklists (DNSBL)