CloudBus

Come January we will have 7 new Indian Banks given licences to operate from the many applicants. The new licences will be given with conditions attached for rural thrust in banking and also social banking. As the applicants eagerly await their licences and start head hunting for their leadership the promoters will need to review whether Cloud Computing could be  the Elixir for getting them operational in weeks rather then months. Cloud computing will give them reach to the remote rural hamlets in India and also be effective, reliable and a secure vehicle to reach banking technology to the 40 million unbaked Indians. As the head hunters set the wheels in motion to hire the new suite of leaders to put execution plans into action it may the time for the Board of these promoter Banks to consider Cloud Computing for their profitability, agility and secure banking. Are New Indian Banks Ready to Fly into the Cloud ? Photo by Amitav Thamba Hiring Technology leaders from the conv...

This is the reproduction of an article published in Information Week today . http://www.informationweek.in/cloud_computing/13-07-02/why_the_cloud_can_come_down_to_earth_in_india.aspx The author illustrates how the network and infrastructure can be the differentiator between success and failure in deployment of real time technology solutions like exchanges and cloud computing applications In 1991, I was a key member of the team to build the first automated stock exchange in India known as the OTC Exchange of India on dial up telephone lines and subsequently an overlay network network on an Government built X.25 backbone with an X.28 dial up connectivity. The internet was unheard of those days, though a few Software Technology Parks (STPI) did have this connectivity and I remember the slow browser which connected me to the Harvard facility from the STPI in Hyderabad. We had limitations because we could operate only in 26 cities in India with dialup connections, because the rest ...