For Wall Street firms, Cloud Computing to Gain Momentum in 2011

[Andy Nguyen]

Cost savings often are cited as a driver by firms using the cloud, as at any one time firms may be actively using just 80 percent of the platforms in their physical data centers, notes Miles Davis, senior manager with LECG. "Rather than have the others lying idle, [the cloud enables] you to have them online only when required, so it frees up computing power and pushes down costs," he says. But the benefits of cloud computing extend beyond cost savings. In fact, the ability to scale up or down quickly was cited in the WS&T survey as the No. 1 driver behind cloud use.

http://www.wallstreetandtech.com/articles/228900083