Current Trends on Cloud

This is one in the series of blogs I have written about Cloud computing , ( my new found interest ). As I wrote in my previous blog I got intreseted in cloud computing after attending the unconference in Toronto Mariott on 22 Of July.

We attended few sessions but were not able to attend the session on current API's because of time clash. Since then I have been trying to follow up and collect as much as information about current trends or current API's in Cloud Computing.

If you wish to browse through current standards in cloud computing you can click here.

As mentioned in my previous blog cloud computing is a concept which many organizations have been following as a form of their best practices. This term might have been formalized a given the name of cloud computing much later. As I read on the WIKI
"
The first academic use of this term appears to be by Prof. Ramnath K. Chellappa (currently at Goizueta Business School, Emory University) who originally defined it as a computing paradigm where the boundaries of computing will be determined by economic rationale rather than technical limits.
"

Well, coming back to current trends , two of the most interesting APIS I found were

1) Mapreduce By Google/Apache ,
2) Hadoop By Apache

I am still in process of reading and understanding them. Since there is more than enough information on internet about them already I dont think its good idea to cut and paste the same information.

In this unconference I learned following things

1) Some of the early players of CC were Craigslist, facebook , flicr etc
2) There were/are Google groups such as "Cloud computing use cases" which has lot of information about CC
3) Discussions about having private island on a public cloud ?
4) Discussions on convergance of private and public clouds ?
5) What do we get ? Cost ? Time ? IT resource optimization ?
6) What are the Issues solved by cloud computing?
Flexible Network
Incremental Cost

7) What are different Ownership issues or License management issues arising due to CC ?

I still have some questions unanswered they are

1) Do we assume infinte access to internet crossing the geopolitical boundaries ?

2) Financial institutions might be bit sensitive to the fact that there data is somewhere else physically what is the solution in this scenario ?