I know it's been a while since I last wrote so I hope to make it up with a couple of interesting posts over the next few weeks. First up, the whole 'as-a-Service' trend that's taking over. There's Infrastructure-as-a-Service; Software-as-a-Service; Application-
Diagram showing overview of cloud computing including Google, Salesforce, Amazon, Axios Systems, Microsoft, Yahoo & Zoho (Photo credit: Wikipedia)
as-a-Service; Backup-as-a-Service and on, and on! These buzzwords describe capabilities often included in/attributed to the other hot topic, Cloud Computing. What's interesting is that slowly but surely, vendors are releasing products specifically designed for this model of delivery. Meanwhile, service providers are starting to perfect the interfaces they are offering clients to monitor and manage their 'instances' of whatever service they've signe
d up for. This train is coming.
Still, the whole idea of 'Cloud' and 'as-a-service' marks a radical change from how users access their software today. Apple's App Store may have shown consumers how good this model is but it's a long way from playing Angry Birds to trading foreign exchange worth trillions of dollars a day. So, when will Financial Services firms embrace this model more completely? Well, SalesForce.com made a very good start with a lot of firms putting critical customer data in the cloud; and we at NYSE Technologies have had success with our Capital Markets Community Platform.
Am I a bit aggressive in my predictions? Has your firm even started talking about giving up direct control of any of their systems (i.e. and going back to specializing in the business of the capital markets)? Let me know in the comments section below.
See you in the cloud,