FINspeak: Clouds at NASSCOM Emerge

I presented at NASSCOM Emerge Forum last Friday evening, The topic of the presentation was on "Cloud Computing: Balancing Economics and Innovation". This is an event which was well attended by executives from Microsoft, Google, and many others.

The focus of this session was to elaborate on the current Cloud Computing Dynamics, the past and present of where the technology is headed, the key players in the arena, some key case studies of successful implementations with both Large and Small enterprises and risks involved in the cloud implementation.

The Regional Director of NASSCOM, Bidhan Kankate invited the executives from various organizations including Microsoft, Google and others and set the context of the presentation.

This was followed by engaging presentation by Bhavin Raichura on the Economics of the Cloud Computing Model. We provided interesting case studies from large enterprises that are pursuing Cloud Computing and continued with the opportunities on Innovation in the areas of cloud computing and provided some examples of successful ventures in this area. There was active participation from various participants on the opportunities and risks associated with cloud computing.

We also took a quick survey among the executives–
·         >95% of the executives had basic understanding & awareness about cloud computing
·         >25% of the executives were evaluating different cloud computing options
·         >95% of the executives had concern over security aspect of cloud computing
·         >90% of the executives agreed that cloud computing can help them in reducing the cost or improving the time-to-market

It was interesting that when a poll was taken in the beginning of the session about how many of them thought that cloud computing could benefit them vs in the end of the session; the answers varied significantly and people left room with lot more comfort about the benefits of the technology.

· Pre-Session blog: Making $$$ through Cloud