Wall Street Guarded over Cloud Computing

Monday Sep 27th 2010 by Ainsley Jones
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Wall Street's IT executives are approaching cloud computing with caution due to security doubts and regulatory concerns.

The bears and bulls of Wall Street appear to be approaching cloud computing with caution. IT executives have been slow to take full advantage of the cloud due to regulatory and security concerns, Computerworld reports.

As a result, the few firms that are using cloud computing are only doing so for non-critical applications or are merely using the technology in a testing capacity, says The Data Center Journal. At the moment, it seems Wall Street will incrementally ease into cloud computing one small step at a time.

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