ENTRIES TAGGED "cloud computing"
Analytic services are tailoring their solutions for specific problems and domains
In relatively short order Amazon’s internal computing services has become the world’s most successful cloud computing platform. Conceived in 2003 and launched in 2006, AWS grew quickly and is now the largest web hosting company in the world. With the recent addition of Kinesis (for stream processing), AWS continues to add services and features that make it an attractive platform for many enterprises.
A few other companies have followed a similar playbook: technology investments that benefit a firm’s core business, is leased out to other companies, some of whom may operate in the same industry. An important (but not well-known) example comes from finance. A widely used service provides users with clean, curated data sets and sophisticated algorithms with which to analyze them. It turns out that the world’s largest asset manager makes its investment and risk management systems available to over 150 pension funds, banks, and other institutions. In addition to the $4 trillion managed by BlackRock, the company’s Aladdin Investment Management system is used to manage1 $11 trillion in additional assets from external managers.
Firming up the organization is good for everyone
Organizational stabilization has been more of an urgent task for OpenStack than most community, open-source projects because it has grown to fast and so much is at stake in the computer industry. I reported on the creation of OpenStack a little more than two years ago and on the announcement that a foundation would be set up a little less than one year ago. This past Wednesday, the OpenStack Foundation came officially into existence.
Up until the creation of the foundation, the myriad technical and organizational components of OpenStack were coordinated by Rackspace, one of the contributors of the original software (the other contributor was NASA). I imagine that Rackspace’s management was as eager as anyone to hand over official control to a neutral body, because they had to take a lot of the heat for decisions and directions that sometimes verged on the chaotic. Read more…
Can open data dominate biological science as open source has in software?
To move from a hothouse environment of experimentation to the mainstream of one of the world's most lucrative and tradition-bound industries, Sage Bionetworks must aim for its nucleus: rewards and incentives. Comparisons to open source software and a summary of tasks for Sage Congress.
The Vioxx problem is just one instance of the wider malaise afflicting the drug industry. Managers from major pharma companies expressed confidence that they could expand public or "pre-competitive" research in the direction Sage Congress proposed. The sector left to engage is the one that's central to all this work–the public.
It's a situation crying out for networked transfer, but HIPAA requires careful attention to security and privacy.
The thinness of detail about the Foundation is probably a good sign, because it means that Rackspace and its partners are seeking input from the community about important parameters.
Part 2 of the series, "What are the chances for a free software cloud?"
Technology commentators are a bit trapped by the term "cloud," which
has been kicked and slapped around enough to become truly shapeless.
So in this section I'll offer a history of services that have led up
to our cloud-obsessed era, hoping to help readers distinguish the
impacts and trade-offs created by all the trends that lie in the
I spent a few hours at the Mobile Voice conference and left with an appreciation of Google's impact on the speech industry. Google's speech offerings loomed over the few sessions I attended. Some of that was probably due to Michael Cohen's keynote1 describing Google's philosophy and approach, but clearly Google has the attention of all the speech vendors. Tim's recent…