Premium Essay

Cloud Computing for the Bank

In:

Submitted By jkenzi
Words 453
Pages 2
What Is A Concept Paper?
(a 1-page outline) by Jim Spickard All research projects need a concept paper: a short summary that tells the reader what the project is, why it is important, and how it will be carried out. Even if no one else ever reads it, the concept paper helps a researcher spot holes in her or his project that might later prove fatal. It is far better to be clear at the beginning than to put in a lot of effort for naught! Typically, a concept paper contains these elements: 1. A clear description of the research topic, including a summary of what is already known about that topic. 2. A one-sentence statement of the research question that the project will seek to answer. (This is almost always something that is not known.) The concept paper should connect this question to the existing literature -- something that almost always takes more than one sentence to accomplish. 3. A demonstration of why it is important to answer this research question. What good comes of this answer? Why is this project worth anybody's time? 4. A description of how the researcher plans to answer the research question. This includes: a. a description of the data that the researcher plans to gather or use; b. a description of how the researcher will analyze these data; c. a demonstration of how these data and this analytic method will answer the research question; and d. a summary of any ethical issues that may arise in the research process. 5. A statement of the limitations of this research, specifically the things that it cannot discover (and why). 6. Longer projects -- term papers, masters' theses, dissertations, and professional research -- also typically include a selected bibliography. Concept papers typically range from 2 to 5 double-spaced pages (500 to 1250 words), not counting bibliographies. Longer projects spend more time reviewing what is already known about a topic,

Similar Documents

Premium Essay

Customer Relationship Management

...Banking on the Cloud Contents Banking on the Cloud What exactly is Cloud Computing? Finding cost savings in the Cloud What opportunities does the Cloud create for banks beyond cost savings? Having confidence in Cloud Computing A journey not a destination 3 5 8 9 12 14 Banking on the Cloud Cloud computing is one of the hottest technology and business topics today, and the market for cloud services is expected to skyrocket in the next few years. At its most basic, cloud computing can enable banks to reuse IT resources more efficiently—whether they are purchased up-front or rented without any long-term commitment. According to research firm Gartner, this market for cloud services will increase from $36 billion today to $160 billion by 2015. Gartner also says 20 percent of companies will be using cloud computing for significant parts of their technology environment by 20121. However, cloud computing is much more than simply renting servers and storage on-demand to reduce infrastructure costs—as many believe. Furthermore, it’s not simply a technology issue. In fact, the cloud offers a host of opportunities for banks to build a more flexible, nimble and customer-centric business model that can drive profitable growth and, as a result, should be something that non-IT decision makers at banks understand and appreciate. So what does the future of cloud computing look like for banks—both in the near and long term? The pundits tend to overestimate the impact of a technology and...

Words: 5421 - Pages: 22

Premium Essay

Cloud Computing

...IBM Sales and Distribution Thought Leadership White Paper Banking Cloud computing for banking Driving business model transformation 2 Cloud computing for banking Executive summary The banking industry is facing unprecedented changes. Control is now in the hands of the customer, rather than the bank. Customers are driving new business models. Their use of technology—in addition to changes in social and household dynamics—is driving business transformation. Banks need to react to this new customer-driven environment with innovation in business models, operations and IT. For banks, the value proposition for cloud computing affects the entire business. Cloud technology offers a new model for delivering innovative client experiences, effective collaboration, improved speed to market and increased IT efficiency. Cloud deployments are spreading and the technology is proving to be secure. More businesses are adopting cloud computing. In fact, according to the 2010 IBM CIO study, “Sixty percent of CIOs plan to use Cloud—up from thirty-three percent two years ago.”2 Today, cloud technology is not just a tool being used in IT, but a paradigm shift to an entirely new business model. ●● ●● ●● Changing business models have shifted from productcentric to customer-centric Enhanced regulation increases government oversight and intervention Increasing social and government pressure for financial inclusion To drive growth and innovation in banking, it is increasingly...

Words: 5607 - Pages: 23

Premium Essay

Assessing the Role of It in Generating Competitive Advantage - the Case Study of Fidor Group, Germany

...Summary1 Introduction2 Analysis3 1/ The Deployment Model - Hybrid Cloud Computing at Fidor3 2/ The Service Model – Infrastructure as a Service4 3/ The Service Model – Platform as a Service5 4/ The Service Model – Software as a Service5 5/ The Achievement of Competitive Advantage6 Conclusion7 References9 Executive Summary: In less than a decade the role of cloud computing has evolved from merely a tool in the general IT system to a catalyst contributing significantly to the transformation in enterprise’s strategic thinking and strategic position of CIO (Wladawsky-Berge 2015). Cloud computing can be explained as the reposition of computing services to the Internet, thus customers can access such services from anywhere, at anytime of convenience. Salesforce UK (2015) summarises ten major benefits of cloud computing, most notably its advantage in flexibility, free capital expenditure and increased collaboration. Particularly in the case of Fidor Group, cloud computing has caved a unique path to create the first network-based strategy in a financial service provider (Bird 2014). To illustrate the massive potential of cloud computing this report will carry out an analysis in the Fidor Group. I. Introduction: The Fidor Group consists of two main entities, with Fidor Bank being the primary financial service provider and Fidor Tecs acting as the technical supporter for the technology running the Bank. The company has its foundation in the operating system designed by...

Words: 3306 - Pages: 14

Premium Essay

How Cloud Computing Impacts Trade

...Insights How Cloud Computing Impacts Trade Finance Executive Summary As worldwide trade gradually recovers, the financial climate enablers remain challenging. Affordability, accessibility and adherence to newer, stricter Basel regulations stand as unabated hurdles in the path to rapid recovery of trade finance.1 According to a survey conducted by International Chamber of Commerce (ICC) in 2010, a total of about 42.9 million transactions were registered, representing a 5.81% increase over 2009 — a slight gain after the previous year’s fall. Technological innovations are bound to play a crucial role in accelerating the recovery process through the streamlining of front-end to back-end processes, enabling trade finance institutions to offer customized, low cost, value-added solutions that meet the requirements of geographically diverse customer segments. This paper discusses a key technological advancement, cloud computing, which is already making inroads at leading trade finance software players. This development enables a bank to build a strong trade finance architecture for maximizing profitability, a goal which starts with making such services more affordable and accessible to customers. Within trade finance and other corporate transaction banking services, financial institutions are moving ahead to reap the benefits from lower-cost private cloud services. These cloud services offer dedicated solutions with rigorous security controls, freeing both banks and customers from...

Words: 3592 - Pages: 15

Premium Essay

The Impact of Mobile and Cloud

...The Impact of Mobile and Cloud Technology On Business Kristina Taylor The Impact of Mobile and Cloud Technology On Business Cloud computing involves utilizing remote servers in a network. The remote servers are hosted through a network for the purpose of storing, processing, and managing data, instead of using personal computers or local servers. The development of cloud computing in previous recent years is probably among the main progress in the computing history. Nevertheless, for cloud computing to attain its perspective, a clear comprehension regarding a variety of issues involved should be in place. The issues range from the technology consumers to the viewpoint of the providers (Guo, 2012). There should be a requirement for comprehending issues that are business related, regarding cloud computing. There are various threats, weaknesses, and strengths regarding the industry of cloud computing (Galan, 2010). Issues of cloud computing in the retail industry A lot of companies in the retail industry are moving to cloud computing for the purpose of accessing fresh business applications in a faster way. The other reason is to eradicate the load of managing IT infrastructure that is complex, and also give the capability of scaling as volumes of data and use of application grows. One example of companies moving to cloud computing is banks. Nevertheless, the industry is faced with particular issues in the trend, especially in customer service. For instance;...

Words: 650 - Pages: 3

Premium Essay

Cloud Computing

...Top Threats to Cloud Computing V1.0 Prepared by the Cloud Security Alliance March 2010 Top Threats to Cloud Computing V1.0 Introduction The permanent and official location for the Cloud Security Alliance Top Threats research is: http://www.cloudsecurityalliance.org/topthreats © 2010 Cloud Security Alliance. All rights reserved. You may download, store, display on your computer, view, print, and link to the Cloud Security Alliance “Top Threats to Cloud Computing” at http://www.cloudsecurityalliance.org/topthreats/csathreats.v1.0.pdf subject to the following: (a) the Guidance may be used solely for your personal, informational, non-commercial use; (b) the Guidance may not be modified or altered in any way; (c) the Guidance may not be redistributed; and (d) the trademark, copyright or other notices may not be removed. You may quote portions of the Guidance as permitted by the Fair Use provisions of the United States Copyright Act, provided that you attribute the portions to the Cloud Security Alliance “Top Threats to Cloud Computing” Version 1.0 (2010). Copyright © 2010 Cloud Security Alliance 2 Top Threats to Cloud Computing V1.0 Table of Contents Introduction................................................................................................................................... 2 Foreword........................................................................................................................................ 4 Executive...

Words: 3759 - Pages: 16

Premium Essay

Mobile Cloud Computing

...more and more tasks, e.g., for playing games; capturing, editing, annotating and uploading video; handling finances; managing personal health, micro payments, ticket purchase, interacting with ubiquitous computing infrastructures. Even mobile device hardware and mobile networks continue to evolve and to improve, mobile devices will always be resource-poor, less secure, with unstable connectivity, and with less energy since they are powered by battery. Mobile devices can be seen as entry points and interface of cloud online services. Mobile devices (e.g., smartphone, tablet pcs, etc.) are increasingly becoming an essential part of human life as the most effective and convenient communication tools not bounded by time and place. Mobile users accumulate rich experience of various services from mobile applications (e.g., iPhone apps, Google apps, etc.), which run on the devices and/or on remote servers via wireless networks. The rapid progress of mobile computing (MC) becomes a powerful trend in the development of IT technology as well as commerce and industry fields. However, with mobility come its inherent problems such as resource scarceness, finite energy and low connectivity. Real time applications demand high levels of responsiveness, which in turn, demand intensive computing resources. Some mobile applications, such as location based social networking, process and make use of the phone’s various sensor data which is expensive in...

Words: 5635 - Pages: 23

Premium Essay

Cloud Computing

...Cloud computing Cloud computing means doing computing work by a large group of computers through a real-time network such as internet to communication with. It also called distributed computing over a network, used to run a program or application on many connected computers at the same time. Today the “cloud” majorly means internet, because internet is a convenient way to accomplish the “real-time” network task; and the cloud itself also means there are many computers – servers somewhere in the internet to do the computing work (run some software and programs) for the end user, the hardware (servers) are not real exist in client end, so they are “virtual” hardware, can be managed even moved in the cloud that end users do not need to worried about ; therefore end users just need to request the service, cloud will allocate the task to one or more servers which is or are in the time suitable to take the task and fulfill it; user do not need to maintain network, server, and complicated other tasks such as security, compatibility, backup……etc. to keep the program or software to run smoothly, so it is much convenient for the end user. From the view point of service, whatever what the software, platforms and infrastructures the cloud possesses, obviously cloud appears to the end uses is just a “service”. Today the major models of cloud computing service are known as “software as a service”, “platform as a service”, and “infrastructure as a service” [1]. * Software-as-a-Service...

Words: 711 - Pages: 3

Premium Essay

Cloud Computing

...and adaptability of Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Services (Amazon S3), and RightScale. Examine the security concerns for cloud-based services and make suggestions to cope with these concerns. Assess possible scalability, reliability, and cost issues associated with cloud computing, and make suggestions to overcome each of these issues. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Cloud Computing, an Internet-based computing in which large groups of remote servers are networked so as to allow sharing of data-processing tasks, centralized data storage, and online access to computer services or resources (http://dictionary.reference.com/browse/cloud+computing). The cloud computing is roughly in Iaas, PaaS, SaaS these 3 categories, but they all have a common principles which are to use pays principle of how much is how many. It is not the same way as traditional building to purchase the largest estimates of the number of users’ hardware resources. Therefore, the cloud computing also has environmental protection significance. However, how effective and full use of maximum resources in the cloud computing is a desirable subject for discussion. The study suggests use of the working scheduling models to improve the resource allocation in the cloud computing, however, the cloud computing and distribution of resources is more responsive...

Words: 1464 - Pages: 6

Premium Essay

Cloud Hooks: Security and Privacy Issues in Cloud Computing

...- 2011 Cloud Hooks: Security and Privacy Issues in Cloud Computing Wayne A. Jansen, NIST Abstract In meteorology, the most destructive extratropical cyclones evolve with the formation of a bent-back front and cloud head separated from the main polar-front, creating a hook that completely encircles a pocket of warm air with colder air. The most damaging winds occur near the tip of the hook. The cloud hook formation provides a useful analogy for cloud computing, in which the most acute obstacles with outsourced services (i.e., the cloud hook) are security and privacy issues. This paper identifies key issues, which are believed to have long-term significance in cloud computing security and privacy, based on documented problems and exhibited weaknesses. • applications can be developed upon and deployed. It can reduce the cost and complexity of buying, housing, and managing hardware and software components of the platform. Infrastructure-as-a-Service (IaaS) enables a software deployment model in which the basic computing infrastructure of servers, software, and network equipment is provided as an on-demand service upon which a platform to develop and execute applications can be founded. It can be used to avoid buying, housing, and managing the basic hardware and software infrastructure components. 1. Introduction Cloud computing has been defined by NIST as a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources...

Words: 7808 - Pages: 32

Premium Essay

Cloud Computing

...Cloud Computing Darryl W Anderson CIS 109 Abstract Cloud Computing is an up and coming technology that is changing how the world conducts business, schooling, and simply general computing. Companies are not having to spend millions of dollars on IT infrastructure allowing them to allocate those funds elsewhere like innovation. Cloud Computing One account is cloud computing is believed initially envisioned by J.C.R. Licklider back in the ‘60s. Back then he had called it “intergalactic computer network” Licklider was responsible for the development of ARPANET (Advanced Research Projects Agency Networks) back in 1969. Licklider’s dream was that everyone in the world was interconnected and able to access programs and data form any site from anywhere you could access the internet.On the other hand cloud computing is also believed to be the brain child of John McCarthy who believed computing should be delivered as a public utility like electricity or water.Since the 1960s, cloud computing has evolved over the years through a variety of phases. These phases include grid and utility computing, application service provision (ASP), and Software as a Service (SaaS). One of the initial milestones was the development and release of Salesforce.com in 1999. This provided enterprise applications through a website. In 2002, Amazon launched Amazon Web Services, offering storage and human intelligence to customers. In 2006, Amazon launched, Elastic Compute cloud (EC2) as...

Words: 1529 - Pages: 7

Premium Essay

Cloud Computing

...Cloud computing A collection of working papers Thomas B Winans John Seely Brown Cloud Computing frequently is taken to be a term that simply renames common technologies and techniques that we have come to know in IT. It may be interpreted to mean data center hosting and then subsequently dismissed without catching the improvements to hosting called utility computing that permit near realtime, policy-based control of computing resources. Or it may be interpreted to mean only data center hosting rather than understood to be the significant shift in Internet application architecture that it is. Perhaps it is the name. Certainly it is more nebulous than mnemonic, if you’ll pardon the poor pun. We happen to think so too. We’d rather use the term service grid, frankly, but that name also has its problems. The fact is that cloud and service grid computing are paradigmatically different from their common interpretations, and their use can shed light on how internet architectures are constructed and managed. Cloud computing represents a different way to architect and remotely manage computing resources. One has only to establish an account with Microsoft or Amazon or Google to begin building and deploying application systems into a cloud. These systems can be, but certainly are not restricted to being, simplistic. They can be web applications that require only http services. They might require a relational database. They might require web service infrastructure and message queues...

Words: 20471 - Pages: 82

Premium Essay

Cloud Computing

...Cloud Computing Cloud computing is an emerging model where users can gain access to their applications from anywhere through their connected devices. A simplified user interface makes the infrastructure supporting the applications transparent to users. The applications reside in massively-scalable data centers where compute resources can be dynamically provisioned and shared to achieve significant economies of scale. A strong service management platform results in near-zero incremental management costs when more IT resources are added to the cloud. The proliferation of smart mobile devices, high speed wireless connectivity, and rich browser-based Web 2.0 interfaces has made the network-based cloud computing model not only practical but also a source of reduced IT complexity. Players across the IT industry have announced cloud computing efforts of varying shapes and sizes, leading analysts to attempt to identify various characteristics, such as infrastructure outsourcing, software as a service, and next generation distributed computing, to describe these efforts. Keywords: Clouds, Grid computing, Cloud Storage, SaaS, Server Virtualization, Data Center 1. Introduction Cloud computing comes into focus only when we think about what IT always needs: a way to increase capacity or add capabilities on the fly without investing in new infrastructure, training new personnel, or licensing new software. Cloud computing encompasses any subscription-based or pay-per-use service that, in...

Words: 4196 - Pages: 17

Premium Essay

Cloud Computing

...Cloud Computing: The Benefits and the Downside Air, energy, the environment are intangible to the human eye, but yet all three play an integral part in our survival. Cloud computing relates to these three things because all of these could be adversely affected by cloud computing. Technology is an ever evolving and growing market dominated by the consumerism of Apple products and a world where instant gratification is gloried as information is processed in the matter of seconds. The evolution of technology has not only changed the way that we communicate with one another, but also the way in which businesses must conduct their daily transactions. A person in the United States can keep in touch with a friend thousands of miles of way in Brazil or England using Facebook or Twitter. World events spread in the same manner as wildfire, uniting citizens around the world with such topics as war and human rights. We live in a society in which technology has shaped the people that we are today. Most students in middle or high school have had access to a cellular phone since their birth. Beyond the surface of technology being used as a device to interact with one another, technology is used as a device to store information. Our society has transformed from storing information on a hard drive or a flash drive to the information being stored on the Internet via the concept of cloud computing. Cloud computing is the act in which information can be stored and reviewed over the Internet rather...

Words: 3023 - Pages: 13

Premium Essay

Cloud-Computing-the-It-Solution-for-the-21st-Century

...Carbon Disclosure Project Study 2011 Cloud Computing – The IT Solution for the 21st Century Study produced for Carbon Disclosure Project by: Carbon Disclosure Project www.cdproject.net +1 212 378 2086 info@cdproject.net Cloud Computing – The IT Solution for the 21st Century Foreword Cloud Computing – The IT Solution for the 21st Century It is with great pleasure that I introduce this significant and timely study on the nascent technology of cloud computing and the important role it can play in both increasing business efficiency and reducing greenhouse gas emissions. If the 19th century was the agricultural century, and the 20th century was the century of manufacturing, then the 21st century is surely the communications century. Hundreds of millions of people are being pulled from poverty around the world – in particular in China and India. As we pass this milestone of fundamental human development we can turn to higher aspirations and goals beyond basic human needs and enrich our society through development of Information Technology. This will deliver increasing luxury in entertainment, education, information and communications. The physical goods industries lay the foundations of our modern economy; now Information and Communications Technology (ICT) and cloud computing can help enable the full flowering of human potential. A large percentage of global GDP is reliant on ICT – this is a critical issue as we strive to decouple economic growth from emissions growth...

Words: 10009 - Pages: 41