Session title: Cloudonomics: The Surprising Economics of the Cloud
Session abstract: What’s the math behind cloud computing? In this opening session, Joe Weinman — who coined the term "Cloudonomics" and writes and researches the economics of on-demand IT — will discuss the inevitability of cloud computing, review his analysis of elastic computing and offer some counterintuitive insights into valuing the cloud. Bernard Golden — CEO of Hyperstratus — will provide nuanced insights into cloudonomics using some real world examples.
Speaker – Joe Weinman, Strategy and Business Development VP, Author, AT&T
Speaker – Bernard Golden, CEO, HyperStratus
Joe Weinman opened the session with the most important question, Why do Cloud? In the why, he was referring to the hard economic value of doing cloud. Not cloud computing for technology innovation or patents, but for economic benefits.
Before delving into the cloudonomics, Joe walked through some definitions of cloud computing, including NIST, but then settled on something simple. Cloud is Common, Location Independent, Online, Utility, on-Demand. He contrasted this with another definition, Vapor = Virtualized, Automated, Provisioning, of Resources. In Joe’s opinion, a complete private cloud implementation is ‘vapor’.
