SQL Clone
SQLServerCentral is supported by Redgate
 
Log in  ::  Register  ::  Not logged in
 
 
 


Financial Data in the Cloud?


Financial Data in the Cloud?

Author
Message
Phil Factor
Phil Factor
SSCertifiable
SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)

Group: General Forum Members
Points: 6797 Visits: 3050
Comments posted to this topic are about the item Financial Data in the Cloud?


Best wishes,

Phil Factor
Simple Talk
Jeff Moden
Jeff Moden
SSC Guru
SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)SSC Guru (334K reputation)

Group: General Forum Members
Points: 334939 Visits: 42575
I equate "Cloud Storage" to child care... who in their right mind would give their kids to someone they've never met and send them to a place they don't know location of nor who'll they'll run across even if based on the promises of a government agency that everything will be just fine even if a disaster occurs or strangers invade the premises. ;-)

--Jeff Moden

RBAR is pronounced ree-bar and is a Modenism for Row-By-Agonizing-Row.
First step towards the paradigm shift of writing Set Based code:
Stop thinking about what you want to do to a row... think, instead, of what you want to do to a column.
If you think its expensive to hire a professional to do the job, wait until you hire an amateur. -- Red Adair

Helpful Links:
How to post code problems
How to post performance problems
Forum FAQs
EdVassie
EdVassie
SSC-Insane
SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)SSC-Insane (22K reputation)

Group: General Forum Members
Points: 22844 Visits: 3915
I think cloud services are here to stay, at least until the next big thing. The financial argument for cloud is so good there will be a lot of pressure to get everything that fits into the cloud. Personally, I have no doubt that security capabilities in the cloud will improve to the point that certified vendors become the standard place to host financial data.

But there is a long long journey from where we are now to a cloud that is secure and resilient enough to host the 'crown jewels' of large enterprises.

I think wise organisations will put the low hanging fruit into the cloud first. Third-party applications where the customer has little control over how they are configured seem the lowest fruit to me. As cloud maturity and confidence grows, a wider range of applications will move. This could be to either hosted or in-house clouds, but move they will.

Original author: SQL Server FineBuild 1-click install and best practice configuration of SQL Server 2017 2016, 2014, 2012, 2008 R2, 2008 and 2005. 14 Mar 2017: now over 40,000 downloads.Disclaimer: All information provided is a personal opinion that may not match reality.Quote: When I give food to the poor they call me a saint. When I ask why they are poor they call me a communist. - Archbishop Hélder Câmara
jwainz
jwainz
Old Hand
Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)Old Hand (303 reputation)

Group: General Forum Members
Points: 303 Visits: 40
Honestly, as security in the cloud matures, it will increase my reasons for putting my data there. Someone has to do the work to make my data safe. Either I do it, among the 30 other things I do, or someone else does it with dedicated staff. At some point they will do a better job than I because of resources.



Steve Jones
Steve Jones
SSC Guru
SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)SSC Guru (221K reputation)

Group: Administrators
Points: 221261 Visits: 19617
I do think things will mature, and we'll get data in the cloud. Even financial data, but it will not be the mainstream, IMHO. Just like the web, we'll get private clouds for secure stuff.

Wells Fargo manages their own data centers because it's important they control the servers; they wouldn't put it in a colo with other companies. Mint hosted their stuff as a startup because it was cheaper. We'll see that with cloud databases, just as we have with cloud web servers.

They have a time and place to be used, and fitting everything up there doesn't make sense.

Follow me on Twitter: @way0utwest
Forum Etiquette: How to post data/code on a forum to get the best help
My Blog: www.voiceofthedba.com
KevinC.
KevinC.
SSC Eights!
SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)SSC Eights! (961 reputation)

Group: General Forum Members
Points: 961 Visits: 504
Until Cloud vendors have a way of getting certified and certain procedures are hammered out (such as patch testing and audits), I think adoption will be slow for hi-risk groups like financial institutions.

However, I do think they will, eventually, adopt it in one form or another, even if it is their own data center, as Steve mentioned.

--
Kevin C.
jjenkins-1121658
jjenkins-1121658
Forum Newbie
Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)Forum Newbie (3 reputation)

Group: General Forum Members
Points: 3 Visits: 2
I didn't understand the reference 'remote from sand and iron', anyone care to explain? Thanks.
LutzM
LutzM
SSC-Dedicated
SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)SSC-Dedicated (37K reputation)

Group: General Forum Members
Points: 37721 Visits: 13559
The benefit for storing data in the cloud is simply to save money. But the very same department that actually benefits from that (financial dptmt.) is unlikely to put their data in the clouds too: even within a company financial data are usually secured better than Fort Knox (most of the times for good reason, I hope ;-) ). Any company where the financial folks don't even trust their internal IT organization is more than unlikely to try cloud computing on financial data...



Lutz
A pessimist is an optimist with experience.

How to get fast answers to your question
How to post performance related questions
Links for Tally Table , Cross Tabs and Dynamic Cross Tabs , Delimited Split Function
Phil Factor
Phil Factor
SSCertifiable
SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)SSCertifiable (6.8K reputation)

Group: General Forum Members
Points: 6797 Visits: 3050
I didn't understand the reference 'remote from sand and iron', anyone care to explain? Thanks.

Sorry, I was getting a bit too poetic. I meant the actual physical computer equipment (silicon and hardware)




Best wishes,

Phil Factor
Simple Talk
SQLRNNR
SQLRNNR
SSC Guru
SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)SSC Guru (99K reputation)

Group: General Forum Members
Points: 99016 Visits: 18616
Jeff Moden (4/24/2010)
I equate "Cloud Storage" to child care... who in their right mind would give their kids to someone they've never met and send them to a place they don't know location of nor who'll they'll run across even if based on the promises of a government agency that everything will be just fine even if a disaster occurs or strangers invade the premises. ;-)



Scary and sums it up for me.



Jason AKA CirqueDeSQLeil
I have given a name to my pain...
MCM SQL Server, MVP


SQL RNNR

Posting Performance Based Questions - Gail Shaw

Go


Permissions

You can't post new topics.
You can't post topic replies.
You can't post new polls.
You can't post replies to polls.
You can't edit your own topics.
You can't delete your own topics.
You can't edit other topics.
You can't delete other topics.
You can't edit your own posts.
You can't edit other posts.
You can't delete your own posts.
You can't delete other posts.
You can't post events.
You can't edit your own events.
You can't edit other events.
You can't delete your own events.
You can't delete other events.
You can't send private messages.
You can't send emails.
You can read topics.
You can't vote in polls.
You can't upload attachments.
You can download attachments.
You can't post HTML code.
You can't edit HTML code.
You can't post IFCode.
You can't post JavaScript.
You can post emoticons.
You can't post or upload images.

Select a forum

































































































































































SQLServerCentral


Search