CloudBus

India's biggest challenge has been to empower its citizens with financial inclusion by providing banking to its unbanked population to Banking. The government's initiative of opening 15 million accounts in one day sets the tone to make sure that every adult citizen has a bank account in India.  Critics say it cannot be done, but we know from history that carpet bombing is the best way to overcome a challenge. The Indians have set out to a economic transformation in their country, by empowering its unbanked citizens the menace of cash in the system can be overcome thus improving the GDP of India. It is estimated that the cash economy in India is bigger than the legal economy in India, the cash in this system is known as black money in India and has strong parallel network for banking in cash. If you use a credit or debit card with an Indian merchant he will charge you about 2% to 3% extra as the transaction fee for using the card, this encourages customers to pay in cas...

Oracle CloudWorld is coming to your city soon, here is the schedule Sydney, Australia March 13 Register Now Mumbai, India April 2 Register Now New York City, United States April 2 Register Now Singapore, Singapore April 4 Register Now Tokyo, Japan April 9 詳しくはこちら Frankfurt, Germany Coming Soon Notify me when registration opens London, England Coming Soon Notify me when registration opens Mexico City, Mexico May 7 http://www.oracle.com/events/global/en/cloudworld/register/index.html I wonder if it is too late for Oracle to get into the cloud computing bandwagon ? Oracle suffers from its database centered marketing, which is under threat with Big Data solutions. Oracle has to play catch up on Big Data now though it still retains its grip on its citadels in the Banking and Financial Services & Insurance (BFSI) sector Oracle has some of the best business applications in the world either their own or acquired, Oracle has  done a fair job of integrating the...

Cloud Computing provides Agility, Economy, Speed and much more but it cannot be adopted with the Regulator's support. Lack of guidance for compliance has choked Cloud Adoption and has made cloud adoption similar to  climbing a steep Rock with no guidance. . Cloud Adoption is like Climbing a Steep Rock ! It is time for the Regulator to understand the Cloud Benefits, overcome its fears on Privacy and Security and provide guidelines for Adoption. Let 2012 be the year when Regulators support cloud adoption by providing compliance guidelines and may business and the customer benefit by Cloud Adoption. Are the Regulators Listening ? Let  healthcare, banking, insurance, financial service and other regulated business benefit and server it customers better with the Regulators support and guidance for Compliance in the Cloud.

Cloud Strategy should start with identifying whether the Cloud meets the IT GRC (Governance Risk and Compliance) requirements of your Business. Issues on Security of the Cloud are emerging from Business which have a complex IT GRC requirement like Healthcare and BFSI verticals who have been cautious in adopting the Cloud. The Bridge to the Cloud is your Business's IT GRC posture . The first step is to figure out the maturity of IT GRC in your Business and close the Gaps. The next step is to apply your IT GRC requirement to a generic cloud architecture and see if it meets the IT GRC needs of your Business, there will be some areas which will need attention. The final step is to identify a cloud service provider who meets your IT GRC requirements of your Business and if there are any Gaps work with the vendor in plugging them. If at any step you find that the IT GRC does not meet your Business requirement you are better off not migrating to the cloud and it may ...