IT IN FINANCIAL SERVICES(F.S.): FROM GRID TO CLOUD COMPUTING

Abstract

IT organizations will have to deliver more value through better
utilization of existing infrastructure in order to drive ROI up for Financial
services (FS). The technology that allows resource sharing is increasingly being
viewed as a good solution.
Enterprises cannot afford to waste their investments in IT by letting
resources sit idle in one department while others are scrambling to add
capacity. The answer is to enable sharing through the cloud. Dynamic resource
management supports the cloud by enabling enterprises to build agile,
responsive data center infrastructures that facilitate meeting strategic business
goals in a fast-paced market environment.
Cloud computing economic resource sharing model enables on demand
IT resource delivery without additional capital expenditure. Platform EGO
provides the benefits for Cloud Computing such as Deliver IT Services Faster,
Reduce IT Costs and Increase Utilization, Guarantee SLA.
This paper gives an overview of how cloud computing is more beneficial than
grid for Financial services and how it increases the resource sharing and
utilization.