Cloud computing 'might impact on the plans of Wall St businesses'

According to data from the Securities Industry and Financial Markets Association and IBM, 46 per cent of Wall Street IT professionals think cloud computing will change business practices.

This is more than double the 21 per cent of experts who expressed the same opinion in 2008.

Ian Hurst, general manager of IBM's financial services, revealed that the main concerns for Wall Street companies were availability of IT staff, human capital, high implementation costs and IT disconnect.

"Cloud computing specifically addresses each of these with compelling economics, self-service and virtualisation," he added.

This comes after IT Wire said the new desktop virtualisation capabilities of Windows 7 are likely to provide businesses with a number of benefits.

Among these is the fact that legacy desktop applications will still be usable because companies will be able to launch XP as well as the new operating system.

7 reasons to adopt VMware virtualization ADNFCR-1984-ID-19239823-ADNFCR

Cloud computing 'might impact on the plans of Wall St businesses'

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