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By Ongoing Operations
The buzz from “cloud computing” has become almost deafening. The promise of cloud-based solutions is so attractive it will perk up the ears of any CEO, CFO, or IT vice president.
Cloud computing, at its best, will change IT as we know it by sharply reducing the capital expenditures most companies make in technology infrastructure, vastly reducing time to market by making the deployment of new systems quick and painless. Cloud computer also offers the possibility of creating a more efficient way to manage and maintain systems, enabling IT staff to focus on solving business problems.
With cloud computing, instead of managing its own in-house data center, your credit union would simply tap into a limitless – and constantly available – resource pool that is run and managed by trained data center experts. This model is so attractive cloud providers are cropping up seemingly everywhere. In fact, IT research and advisory company, Gartner, predicts by 2012, 20% of businesses will own no IT assets at all.
But the dark side – and gray areas – of the cloud are also vast. How is security maintained? Who owns data stored in the Cloud? How reliable and financially stable are the providers? How can credit unions leverage the cloud for their infrastructure needs?
Cloud is an evolving solution and many of these key questions have not been fully defined. The National Institute of Standards & Technology (NIST) defines cloud computing as a model for “enabling convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.”
NIST has also defined five essential characteristics, three service models, and four deployment models for Cloud. But as far as who owns the data and who is responsible for security, the technology is too new for much legal precedent. The questions surrounding this new exciting model makes choosing the right vendor critical.
The most important questions credit unions should be asking when evaluating cloud providers include:
Join Ongoing Operations for a live CUtv event on June 10 to discuss the cloud opportunity for credit unions. Register today for a reduced price of just $99.
Ongoing Operations is the leading provider of business continuity solutions to credit unions nationwide and is known for its collaborative approach to creating best of breed technology solutions. To learn more about its current and developing solutions or to contact Ongoing Operations with specific questions, visit www.ongoingoperations.com.
This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.
If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at firstname.lastname@example.org or 1-800-446-7453.
May 10, 2010
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