scholarly journals Cloud Computing Strategy and Impact in Banking/Financial Services

2021 ◽  
Author(s):  
Prudhvi Parne

With recent advances in technology, internet has drastically changed the computing world from the concept of parallel computing to distributed computing to grid computing and now to cloud computing. The evolution of cloud computing over the past few years is potentially one of the major advances in the history of computing. Unfortunately, many banks are still hesitant to adopt cloud technology. New technologies such as cloud and AI will have the biggest impacts on the banking industry. For banks and credit unions wanting to achieve greater business agility, cloud technology enables organizations to respond instantly to changing market conditions, leveraging data and applied analytics to achieve customer experience and operational productivity benefits. As a result, cloud computing comes in to provide a solution to such challenges making banking a reliable and trustworthy service. This paper aims at cloud computing strategy, impact in banking and financial institutions and discusses the significant reliance of cloud computing.

2019 ◽  
Vol 8 (3) ◽  
pp. 4978-4982

The evolution of cloud computing over the past few years is potentially one of the major advances in the history of computing. Cloud computing theoretically provides all computing needs as services. Accordingly, a large number of cloud service providers exist and the number is constantly increasing. This presents a significant problem for a user to find a relevant service provider, and calls for developing a specialized search engine to help users select suitable services matching their needs. Towards this goal, we developed a search engine that crawls the web sites of various service providers, extracts service attributes from their JavaScript Object Notation (JSON) files and normalizes the attributes in a service table. Those attributes are clustered using one of three different algorithms (K-means, K-medoids, and ISODATA). The requirements of a given user are then matched against the centroids of the various clusters to help obtain the closest match. In this paper, we compared the three algorithms with respect to time and accuracy. The ISODATA algorithm exhibited the best performance.


Author(s):  
Jaime Schultz ◽  
Shelley Lucas

This chapter focuses on a defunct version of high school girls' basketball known as “six-on-six” and how it expressed community identity in Iowa. Throughout the twentieth century, more than a million Iowa high school girls played the half-court, two-dribble version of basketball known as “six-on-six.” Originally conceived to accommodate girls and women's perceived physical limitations, six-on-six basketball often lent itself to fast-paced, high-scoring, crowd-rallying competitions. This chapter first provides a historical background on six-player basketball in Iowa before discussing how girls' six-on-six basketball has been relegated to the past, yet lives on in many places and memories, thanks in part to new technologies and understandings of community. It argues that the history of Iowa's six-player basketball is alive and thriving in alternative forms, citing the emergence of new, transitory communities to sustain its remembrance. The chapter considers two sites: a 2003 reunion game that gathered former players and supporters, and a Facebook page which fosters a virtual kinship of more than 7,000 members.


2021 ◽  
Vol 27 (4) ◽  
pp. 740-762
Author(s):  
Larisa A. CHALDAEVA` ◽  
Arsenii A. DANILIN

Subject. The article addresses the cryptocurrency market that originates from the creation of the world's first cryptocurrency, i.e. Bitcoin. It overviews the blockchain technology and mining procedures for the digital currency. Objectives. The purpose of the study is to evaluate trends in the cryptocurrency market within the historical aspects, perform a profound analysis of digital assets terminology, including the concept of forks, tokens and altcoins, investigate changes in the Bitcoin and alternative cryptocurrency market by analyzing the Bitcoin Dominance Index, which has suffered significant fluctuations over the past five years. Methods. The study rests on the systems analysis of conceptual framework, the design of classification criteria, the functional, structural, statistical, graphical, and economic analysis. Results. The findings enabled to identify growth drivers for world’s cryptocurrency trading platforms. The growth primarily relates to the progressive development of the cryptocurrency market infrastructure. Other factors include the extended usage of stablecoins on the world’s biggest crypto exchanges. Conclusions. The paper provides a detailed consideration of changes in the cryptocurrency market development, which are divided into three main stages. The cryptocurrency community appreciates blockchain projects that have introduced new technologies. The most popular projects are implemented in the banking sector or used in the interaction between the cryptocurrency industry and traditional fiat currencies.


Author(s):  
Robert B. Gordon ◽  
Patrick M. Malone

The prominence of industry in the culture of the North Atlantic nations has provoked thoughtful people to ask penetrating questions about the roots of innovation and the social and environmental consequences of industrial technology. One cluster of questions, long of interest to scholars, focuses on how and by whom new technologies were created and how their selection, use, or rejection has been influenced by cultural values. In the past quarter century, the impact of technologies and industries on the environment has become a widespread concern among citizens of the industrialized nations. People are raising questions about the past and present uses of natural resources and how their availability influences economic growth. They are concerned about the consequences of releasing industrial wastes and effluents into the air and water. They are also exploring their personal experiences with mechanisms and technological devices—how these artifacts enter work, play, and art, and how they express cultural values. Because the field of the history of technology is relatively new, scholars have approached it within the framework of established disciplines. The work of historians with the written record and of economists with numerical data is securely established in the academic world. We would add to these the material record, the domain of the industrial archaeologist. Evidence from artifacts is particularly important for the study of workers (because the written record is sparse), of inventors (because much of the secondary literature simplifies the complexities of invention), and of the industrial landscape. To discover the texture of industry, we need to examine both the documentary and the material record; artifacts as well as documents must speak for the experiences ot past workers. An artifact, in the words of historian Brooke Hindle, is “a solid piece of the past in a way that no quotation can ever be.”' Students of industry must rely heavily on material evidence because few participants in industry left written records of their experiences and because some aspects of technology cannot be expressed effectively in words.


2013 ◽  
Vol 70 (16) ◽  
pp. 1414-1427 ◽  
Author(s):  
Charles E. Myers

Abstract Purpose The evolution of sterile compounding in the context of hospital patient care, the evolution of related technology, past incidents of morbidity and mortality associated with preparations compounded in various settings, and efforts over the years to improve compounding practices are reviewed. Summary Tightened United States Pharmacopeial Convention standards (since 2004) for sterile compounding made it difficult for hospitals to achieve all of the sterile compounding necessary for patient care. Shortages of manufactured injections added to the need for compounding. Non-hospital-based compounding pharmacies increased sterile compounding to meet the needs. Gaps in federal and state laws and regulations about compounding pharmacies led to deficiencies in their regulation. Lapses in sterility led to injuries and deaths. Perspectives offered include potential actions, including changes in practitioner education, better surveillance of sterile compounding, regulatory reforms, reexamination of the causes of drug shortages, and the development of new technologies. Conclusion Over the years, there have been numerous exhortations for voluntary better performance in sterile compounding. In addition, professional leadership has been vigorous and extensive in the form of guidance, publications, education, enforceable standards, and development of various associations and organizations dealing with safe compounding practices. Yet problems continue to occur. We must engage in diligent learning from the injuries and tragedies that have occurred. Assuming that we are already doing all we can to avoid problems would be an abdication of the professional mission of pharmacists. It would be wrong thinking to assume that the recent problems in large-scale compounding pharmacies are the only problems that warrant attention. It is time for a systematic assessment of the nature and the dimensions of the problems in every type of setting where sterile compounding occurs. It also is time for some innovative thinking about ensuring safety in sterile compounding.


Author(s):  
Einar Lie

This book traces the 200-year history of Norges Bank, which was established in 1816 with a dual purpose: to bring order and stability to the chaotic monetary system following the Napoleonic wars and provide Norway with a bank. The present Norges Bank is a modern well-functioning central bank, with strong likenesses to similar institutions in other countries. This book is particularly concerned with the relations between the bank and the political institutions. The bank’s role has been shaped and reshaped by perceptions of what kind of financial services Norway needed, how economic policy was coordinated, and how discretionary power was distributed between the elected bodies, the executive branch, and underlying institutions with a defined mandate. The central aim of this book is to trace and explain these changes over the past two centuries. It is also, to some extent, a contribution to the relatively broad literature on the history of national central banks.


Author(s):  
Thando Dube ◽  
Rene Van Eck ◽  
Tranos Zuva

It has been evident that innovative technologies have evolved in the past few decades, notably, in the computing discipline. As a result, technology adoption models and theories are deemed vital to business organizations to assess if end users are ready and accept new technologies. Therefore, requirements to review prevailing technology adoption models and theories which seek to assist business organizations to assess the readiness and acceptance of these new technologies, otherwise, such initiatives become obsolete and do not support core business processes, as it was originally intended. This paper reviews three technology adoption models relevant to information systems and information technology studies on the latest technologies such as ERP, cloud computing, and other systems implemented in business organizations. The study could assist to analyse the acceptance and utilization of new technologies. It can also be used to improve such models and theories in the adoption of new technologies.


Author(s):  
Elena Caoduro

As digital media have become more pervasive and entrenched in our daily routines, a nostalgic countertrend has increasingly valued the physical and tactile nature of the analogue image. In the past few years, technologically obsolete devices, such as lo-fi cameras and vinyl records, have not faded out of sight completely but are instead experiencing a comeback. At the same time, digital media capitalise on the nostalgia for the analogue and fetishise the retro aesthetics of old technologies. This article explores the emergence of photo filter and effect applications which allow users to modify digital photos, adding signifiers of age such as washed-out colours, scratches and torn borders. It is argued that these new technologies, with programs such as Instagram, Hipstamatic and Camera 360, bring back the illusory physicality of picture-taking through digital skeuomorphism. Drawing on media archaeology practice, this article interrogates the limits of the retro sensibility and the fetishisation of the past in the context of digital media, in particular by focusing on the case study of the start-up Instagram. This photo filter application neither merely stresses the twilight nature of photography nor represents the straightforward digital evolution of previous analogue features. Rather, it responds to the necessity to feel connected to the past by clear and valued signs of age, mimicking a perceived sense of loss. Faced with the persistent hipster culture and the newness of digital media, photo filter apps create comfortable memories, ageing pictures and adding personal value. As such, it will be argued that this phenomenon of nostalgia for analogue photography can be linked to the concepts of ritual and totem. By providing a critical history of Instagram as a photo-sharing social network, this article aims to explain new directions in the rapidly changing system of connective media.


Author(s):  
Christine Finn

Silicon Valley’s technological motherlode is an unlikely find site for traditional excavation, but it provides contemporary archaeologists with a unique take on material culture. The author, who is also a journalist, witnessed the rapid change-over-time in the fortunes of Silicon Valley during the dotcom boom, and bust of 1999/2000. She has continued her fieldwork over the past decade, and she argues that the cycle of technology-from cutting edge to redundancy-and those whose prescience has preserved the discards of technology, offer valuable material for contemporary archaeology. She situates the assemblages of computer collectors, with the curated artefacts in tech museums, and other institutions engaged with the history of computing, and suggests that it is the hobbyists, often with specialist insight into a family of product or machine, who have played a valuable role in saving Silicon Valley heritage by collecting at a time of accelerating discard.


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