Michael Harte looks like an unlikely flag bearer of the cloud revolution After all it is a bank not a Silicon valley start up. Shouldn't he be worrying about security? As one of the major vendor's CEO would tell him 'cloud security is vague and unsecure' and then the company will tell you what he really meant they can help by offering more consulting and services to secure the cloud.
It can also be argued that he is just looking at getting better deals from the vendors But the pain it for real. To quote him from this article
“When you look at [cloud computing] from an enterprise point of view you’d say, hell we’re really stuck in an old IT model. We’ve got 50 to 80 per cent of all of what we spend a year tied up in infrastructure and that infrastructure isn’t conferring any strategic advantage; it’s just a cost of doing business,” he said..
A more important point is that the issue is not about saving costs but really about getting a return on the money that get's spent. Paying annual maintenance contract's on fast depreciating hardware is not a great way to spend your IT budget.
I am sure this echoes the sentiments of CIO,s around the world and will be watched very closely. If it suceeds it will go a long way in dispelling the perceptions around cloud security. After all we do trust our money with the banks don't we?
