Welcome!

Recurring Revenue Authors: Yeshim Deniz, Elizabeth White, Xenia von Wedel, Liz McMillan, Carmen Gonzalez

Related Topics: @CloudExpo, SOA World

@CloudExpo: Article

Why Cloud Computing Will Save IT From the "Recession of 2008"

Well, ignoring what Larry Ellison and Richard Stallman think about it, Cloud Computing will be the technology of this recession

Well, ignoring what Larry Ellison and Richard Stallman think about it, Cloud Computing will be "the" technology that gets Wall Street and other IT organizations out of the “Recession of 2008” and it will be "the" ultimate cost-cutting solution for every IT organization around the world, small or large.

Small: We recently moved our mid size blog site from five Dell blades which were housed in the data center of a hosting company to the Amazon Cloud, simply and smoothly. Never mind the actual cost we initially paid for the hardware and we won't have in the future, guess what happened to our $1,700 per month hosting fees? Went down to pennies overnight!

I was at the 6th International AJAXWorld RIA Conference & Expo this week, which took place in San Jose, California and among many great sessions packed in three days (this conference is growing and getting better every year by the way) , I attended a Cloud session presented by Jeff Barr. Jeff is a well-known evangelist at Amazon on its Web Services team and a frequent AJAXWorld speaker. His session entitled "Cloud Computing & AJAX" was presented at the conference as one of the preview sessions of SYS-CON’s upcoming Cloud Computing Conference & Expo (www.cloudcomputingexpo.com), another recession-saving three-day event, which will take place November 19-21, 2008, at the Fairmont in San Jose, CA.

Large: Here is what prompted me to think that Cloud Computing will be the most critical IT tool for financial firms to get through this recession. Next to me in Jeff’s session was a delegate representing a financial consulting firm whose IT solutions are often used by companies such as Charles Schwab, HSBC, Fidelity Investments, Bank of America, Citibank, you get it. David, a software development manager at his firm, and I had a brief conversation during the coffee break, his eyes wide open in a ‘Eureka’ moment.


Jeremy Geelan, conference chair of SYS-CON's upcoming Cloud Computing Conference & Expo, with Cloud Computing Bootcamp announcement sign this week at AXAXWorld Conference & Expo, in San Jose, California. The three-day Cloud event will also take place at the beautiful Fairmont Hotel, downtown San Jose.

He told me: “that’s it, this (Cloud Computing) is what will take my company through the recession. We sell software to financial clients, our number-crunching solution generally requires a couple of million dollars in hardware investment even before our clients spend a single dime on our software which shoots down many deals for us. Cloud Computing takes the entire ‘hardware cost’ our of the picture. There is no hardware cost any longer, just pennies to the dollar, by making what we offer affordable and easy to justify!”

As David and I said farewell to the conference (Jeff’s session was on the third and last day of AJAXWorld) we both took the same redeye back to New York City, and landed at JetBlue’s brand new Terminal 5 at JFK, one of the first passengers who arrived. The new Terminal 5 looks very impressive.

More Stories By Salvatore Genovese

Salvatore Genovese is a Cloud Computing consultant and an i-technology blogger based in Rome, Italy. He occasionally blogs about SOA, start-ups, mergers and acquisitions, open source and bleeding-edge technologies, companies, and personalities. Sal can be reached at hamilton(at)sys-con.com.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...