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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY /
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Special Features:
GRIDS MOVING BEYOND ACADEMIA,
GETTING HOTTER
According to The Tabb Group's new report, "Grid Computing in Financial
Markets: Moving Beyond Compute-Intensive Applications," Grid is hot because
it's the right technology for its time and within the next five years it will
be a de facto part and parcel of virtually every major financial markets
firm's infrastructure.
"While we do not anticipate ubiquitous network, compute, data and services
utilization, we do expect that the expanding technology heterogeneity, drive
toward services, business process outsourcing, Web services and continued cost
pressures will ultimately force many firms to make fairly radical changes in
the way they manage their technology," said Larry Tabb, founder of The Tabb
Group. "It may be painful but it's an unavoidable reality every CXO-level
executive will simply need to contend with."
The Tabb Group, a financial markets technology strategy and planning
consultancy, was founded in June 2003 by Larry Tabb, a 23-year financial
markets veteran and former vice president of securities and investments at
TowerGroup, the Massachusetts-based analyst firm and division of Reuters
Group.
"While we estimate that total outstanding Grid software and services
spending
in the financial markets will be only $59 million this year, a relatively
small figure, we see spend quickly rising over the next five years at a
compound annual rate exceeding 60 percent and growing to approximately $680
million," said Tabb.
Grid computing in the past year has expanded to include locating, managing
and
monitoring disparate compute resources, managing and providing virtualized
access to underlying data and providing an infrastructure to deploy
component-based applications and services in a heterogeneous and increasingly
decentralized technology.
"In the financial markets," the report explains, "Grid use revolves around
computational Grids, leveraging idle resources to tackle large and complex
analytical problems".
According to Tabb, "There is tremendous opportunity in both data and
service
Grids as firms strive to better attempt to better utilize their existing data,
manage their heterogeneous infrastructure, leveraging component-based Web
services technology to extend and implement services-based architecture."
Topics addressed in the 35-page report include:
- Five-year growth projections for enterprise- and application-level compute
Grids, data Grids and services Grids
- Impact and possible threat ahead from the Global Grid Forum and its Globus
Tool Kit. Open Grid Services Architecture and Open Grid Services
Infrastructure
- Future role of new standards, WS-BPEL and WS-Choreography
- Analysis of 10 financial markets data and services Grid vendors
- Moving away from cost as a value proposition and the challenges of
obtaining positive ROI-based metrics
- Opportunities for small vendors entering the data, services and autonomic
Grid space
- The "three kings," their role as "cheerleaders", how they are preparing to
Grid-enable their outsourcing infrastructures and how separately Oracle has
rebranded its core product line to be Grid-compliant.
The report discusses the changing Grid solution market, investigates the
drivers, taxonomy and vendors that are developing cutting-edge solutions in
this rapidly changing environment and includes a case study of a global
financial markets firm's efforts to develop this technology with little
assistance from traditional Grid vendors. It analyzes new Grid standards and
their impact on the financial markets, describes current Grid computing
vendors and explains how firms are both adopting and adapting to this new Grid
vision. There is also an in-depth analysis of Grid computing adoption, market
size projections and estimates covering project growth levels of Grid
computing in financial markets.
A copy of the report is available at www.tabbgroup.com/research.
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