A bit late, but better late than never they say. Had some great chats with people at CloudCamp London the other week and thought I'd share a highlight.
Had a great chat with Krishna of CitiGroup and Matthias of Zimory. We had a frank discussion - or lesson - about why financial services will never use the cloud. The conclusion: financial services don't work on bottom line and the mission critical operations are just far too mission critical to trust a cloud provider.
Krishna offer examples of stock trading days where a lapse in the system can - and has - cost billions. And on critical days IT runs two back ups and constantly monitors the severs. Any little blip is far too costly. Positively, he did see a huge opportunity for cloud in crunching historical data.
I'll be chatting to Krishna after my return form down-under and will follow up on this post.
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