Americans Think Cloud Computing Comes From Actual Clouds

Cloud computing has been on the minds of everybody in the tech industry for the past few years. The infrastructure has been slowly growing, but 2012 has seen tremendous growth in the sector. All the major tech companies now offer some form of cloud storage and computing for consumers and businesses. Even though it’s everywhere, Americans still don’t really grasp it.

A recent survey of 1,000 Americans was conducted by Wakefield Research for Citrix. The results suggest that Americans like to think they’re on top of the latest innovations in cloud computing, but in reality know little about it. Unfortunately, even more people think that the cloud is tied to the weather in some way.

Read some of the [highly embarrassing] statistics here.

Financial Risk Systems — So Nineties. Why Are They Back?

…some firms have found that tactical approaches — doing just enough to meet the reporting requirements — have not been sufficient for increasing regulatory demands or the needs of internal business users.

Apparently risk wasn’t entirely solved during the 1980s and 1990s when big systems went into banks from Algorithmics, SunGard and other major players. SAS recently ranked in the upper right quad of a Chartis report on risk systems, along with Algorithmics, now part of IBM; Moody’s analytics; SunGard and Oracle.

An Austrian bank took the tactical approach to create reports from existing infrastructure, Rogers said by way of example.

“But tactical can mean not necessarily considering all the elements you need. You meet the reporting for your regulator, but you don’t have the long term infrastructure to extend those reports to areas you really want to work on for stress tests, capital planning or overall risk management reporting.”

What CFOs Need to Know About the Cloud

“The Cloud” has become one of the hottest buzz topics in the industry this year, and what started out as a topic mostly of interest to IT executives is quickly moving to the radar screen of CFOs and Finance Executives.

Some of the advantages of cloud-based applications include improved time to value, reduced up-front costs, leveraging 3rd party skill sets and having a scalable environment to support future growth. Some of the considerations and risks include security, performance, integration of cloud-based applications with on-premise systems and long-term costs of ownership.

Find out more here.

But What Type of Big Data Works in Classrooms?

There’s big talk these days about “big data” in education—looking for patterns of behavior as students click through online classrooms and using the insights to improve instruction. One start-up company that manages online discussion forums for thousands of courses recently performed its first major analysis of behavioral trends among students, and found what its leaders say amounts to advice for instructors.

‘A Perfect and Beautiful Machine’: What Darwin’s Theory of Evolution Reveals About Artificial Intelligence

Charles Darwin and Alan Turing, in their different ways, both homed in on the same idea: the existence of competence without comprehension. Some of the greatest, most revolutionary advances in science have been given their initial expression in attractively modest terms, with no fanfare. Charles Darwin managed to compress his entire theory into a single summary…

Are We Heading Into a Facebook Bubble?

Zynga. LinkedIn. Groupon. So much hype about Pinterest. And now, the social media giant of them all, Facebook. Are we in a social media / tech bubble?

If Facebook’s stock drops like a stone after the initial opening, then, probably not. But, if excited Facebook “Friends” pile on, we could be in the early stages of the creation of another bubble.

One Hundred Days To Disruption

The concepts of disruptive innovation are powerful tools with which to spot high-potential opportunities. Whenever we run an idea-generation session, we are struck by how intuitive and powerful people find the core disruptive concepts. They allow managers in even the most moribund of industries to quickly envision entirely new, fertile fields of growth.

Beware of Software Demonstrations!

So you’re looking for a system that can help you improve your ability to execute strategy.You’ve been using a spreadsheet for many years to budget and although it is infinitely flexible, you are worried about the integrity of the data and the fact that no one quite knows how the macros and VB scripts work. Oh, and you never seem to have adequate data to make ‘real-world’ decisions.