Since Singapore MAS released the TRM guideline last month, I believe many people are studying them (including me). Big Four accounting firms are usually most active in publishing explanatory reports and article with a purpose to generate more business leads.
However, a group of Vmware certified professionals are taking the lead this time. They worked together and published a MAS TRM analysis report focusing on DR and visualization. Some of the observations are valid. The document could be found at Vmware website
A few I like to share
- Process and Committee oriented. No Agile and rapid innovation.
- All social media sites, cloud-based storage, web-based emails are classified as “unsafe internet services”. No technical fact given to support why they they are all insecure.
- Trust no employee :Sys Admin must be tracked.
In my last post, I wrote about an equity research report stated traditional outsourcing companies are losing. However, the big giants are not retreating without a fight. This war is real and happening.
“IBM charged that the CIA improperly awarded the deal to Amazon Web Services by failing to evaluate all the pricing scenarios.”URL http://gigaom.com/2013/06/07/gao-says-not-so-fast-on-proposed-secret-amazon-cia-cloud/
The $600Mil is now re-opened. For sure, the earth loses a few trees as a direct consequences. But if looking at the big picture, it seems the transition to cloud computing is going to be nasty! With new technology, both the buyer and seller are new to the possibility created by innovative ways in managing computing resources. However, bureaucracy kicks in and The Government Accountability Office found that the CIA failed to evaluate prices comparably under one of the solicitation’s pricing scenarios, and that it had waived a requirement in the Request For Proposal only for Amazon.
I am reading an equity research paper published by an investment bank this morning trying to balance my portfolio and gain some insights. The most surprising thing to find is not related to any investment advice or market prediction. It is about their statement on cloud computing.
“The traditional IT services model is under attack – Cloud based revenues to see 30% CAGR over the next 5 years.” & “Losers will be the traditional outsourcing vendors”
Cloud computing has been in the limelight for a few years now and we are seeing both success and failures in the IT industry. But a statement from equity researchers is different. Especially it said traditional IT services model is under attack. Who and what are the “traditional” ? Do they mean only the falling revenue in IBM, Dell and Microsoft?
Going to Vegas for the Amazon Re:Invent event is one of the best ways to learn about Cloud Computing and Cloud security. And the second best of course is to just browsing the slide decks or videos of the event, from your office or home. So here you go, fresh from the Internet, the course 206 of the security track – “Security of the AWS Cloud”.
And don’t forget to follow up with the slide decks of “AWS Cloud Security” and “Security and Compliance”
If you ask the above question to the various cloud services providers, I am sure their answers are “Definite yes”.
If you ask the same question to end users, their answers may end up like “I really don’t care.”. And for the question again to business owners, their answers will probably are “May-be’s” because seriously no one really reveals all the cloud benefits, implementation pros and cons to them.
To IT professionals, however, we will probably provide a vague answer – “It depends.”. The long form of the answer is – “It depends on the maturity of the cloud market, technology and whether the solution available today can match your budget, quality requirements, and expected service level. More importantly, whether cloud technology and solutions can help your company to improve competitive advantage.”
That’s exactly what Cloud Security Alliance (CSA) and Information Systems Audit and Control Association (ISACA) did in a recent survey to answer part of the question – what is the maturity of the cloud technology and market, now ? A collaborative project by CSA and ISACA , the Cloud Market Maturity study provides business and IT leaders with insight into the maturity of cloud computing.
The study also reveals that cloud users in 50 countries were least confident about the following issues (ranked from least confident to most confident):
- Government regulations keeping pace with the market (1.80)
- Exit strategies (1.88)
- International data privacy (1.90)
- Legal issues (2.15)
- Contract lock in (2.18)
- Data ownership and custodian responsibilities (2.18)
- Longevity of suppliers (2.20)
- Integration of cloud with internal systems (2.23)
- Credibility of suppliers (2.30)
- Testing and assurance (2.30)
None of these findings are really a surprise, I suppose, however it is important to conduct such project because it helps us to understand how the cloud market will change over time, and how it advances from infancy to full maturity.
Do check out the press release and the full report to understand more about the findings, or you can check out the following infographics – the whole report in one picture.