Cloud Vendor Report

In: Business and Management

Submitted By csrgl
Words 1006
Pages 5
CLOUD VENDOR REPORT
SECTION 3 - GROUP H

In the given scenario, we’re looking for the matching cloud-vendor for the young CEO of a wealth management company in central London. Since, the company is active in the financial industry, there is a high importance on the security of the client’s data and the need for highly analytical tools. The business will employ 13+ sales analysts by the end of the year and is hooked up to a well-performing Internet connection. The CEO requests cloud services to set up customized application tools in order to manage his clients’ portfolios and ensure a high security of the clients’ data, in addition. Standardized off-the-shelf cloud products might not fulfill all the needs, which the wealth management business requires. Depending on the size of a company, staff and budget, there are three different types of cloud computing service models, which build upon one another (see appendix A). Software-as-a-service (SaaS) is the most complete cloud service model in which whole applications are being managed from a central location and made available to the end-users.i Then there is platform-as-a-service (PaaS), which supports the creation of software, rather than fixed software, being delivered over the web. It gives the opportunity to easily develop applications and not to depend on specific platforms to run. Additionally, there is the flexibility to take advantage of cloud benefits while retaining data and applications on site as needed.ii Finally, infrastructure-as-a-service (IaaS) simply provides the computing power, memory and storage. The client will remain responsible for monitoring, managing and patching the on-demand infrastructure.iii Due to a more customized need for analyzing tools, SaaS doesn’t seem to be the appropriate one. Neither is IaaS, since it requires more staff to actually implement and run applications. With PaaS,…...

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