When it comes to procurement, any technology or service should be evaluated
with a good set of criteria. Executive decisions should not be weighted
solely on a single selection criterion such as price. This applies to any
cloud computing service as well.
The twelve criteria listed below (see Chart 1) forces executives to take a
broader review of the many elements of the total cloud computing service, and
not just price. Each criteria starts with an R, F, or P which makes it easy
to remember the total framework for the Yardstick for Technology Procurement
(RFP).
Chart 1: Yardstick for Technology Procurement (RFP)
RELIABILITY
At what percentage of reliability is the service? 99.9% 99.99? 99.995? How is
this measured? What costs are associated with increasing reliability?
(Cost/Benefit Analysis)
REDUNDANCY
Can the system survive a major disaster or is there a single ... (more)
If cloud computing is going to spread to more mission-critical type
applications, it needs to get more accurate when it comes to
transaction-based applications. Trying to keep everything in a structured
framework is going to require a more rigorous network infrastructure that
includes timing down to milliseconds, if not nanoseconds.
One way to accomplish this is to use the IEEE 1588 protocol or "Precision
Time Protocol" (PTP), which provides timing. In an earlier article entitled,
"Cloud Transaction Synchronicity," I discussed the need for this type of
capability if financial or... (more)
High-Frequency Trading (HFT) and secret algorithms have become the new
competitive strategy in today's global financial industry. The faster traders
can turn around trades, the faster they can get in and out of quick markets
and short time pockets of opportunity.
Having accurate records of when a transaction occurs is critical as to
processing the trade and valuating the transaction.
There are many articles and white papers discussing cloud computing and
shared services. New services that are being touted are things like SaaS
(Software as a Service), PaaS (Platform as a Service),... (more)
"How resilient are the cloud computing solutions being sold today?" This
appears to be a question not asked often enough by those who are immediately
lured by the hyped positives of the concept before there is enough data to
substantiate the claims made by the vendors as well as the documentation of
failures of applications.
One concept that I have preached and that has held true for decades is
"leading-edge organizations do not maintain their position with trailing-edge
technologies." The need to constantly evaluate, assess, select and apply new
technology-driven capabilities i... (more)
If you are a corporate executive contemplating adding some applications in a
cloud computing network, be very aware of the vendors as well as your own
internal system architects and Chief Technology Officers (CTOs) when they
start talking about cost-effective networks, cheaper components and saving
you money.
What many network pseudo-experts don't know is that you don't build cheap
networks. There are no "Fire Sales" on quality, especially when it comes to
network infrastructures. Like anything else, you get what you pay for when it
comes to buying the pieces for your network ju... (more)