{"id":2229,"date":"2011-07-05T07:00:10","date_gmt":"2011-07-05T15:00:10","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=2229"},"modified":"2020-07-20T11:56:25","modified_gmt":"2020-07-20T19:56:25","slug":"cloud-computing-community-clouds-begin-to-gather","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/cloud-computing-community-clouds-begin-to-gather\/","title":{"rendered":"Cloud Computing:  Community Clouds Begin to Gather"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <a title=\"NIST\" href=\"http:\/\/www.nist.gov\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">National Institute of Standards and Technology<\/a> (NIST) <a title=\"Definition of a Community Cloud\" href=\"https:\/\/www.nist.gov\/programs-projects\/nist-cloud-computing-program-nccp\" target=\"_blank\" rel=\"noopener noreferrer\">defines a Community Cloud<\/a> as follows:<\/p>\n\n\n\n<blockquote><div id=\"_mcePaste\">The cloud infrastructure is shared by several organizations and supports a&nbsp;specific community that has shared concerns (e.g., mission, security requirements, policy,and compliance considerations). It may be managed by the organizations or a third party&nbsp;and may exist on premise or off premise.<\/div><\/blockquote>\n\n\n\n<div>A community cloud with tighter controls on who can access the system offers greater security than the public cloud and provides many of the same benefits which include:<\/div>\n\n\n\n<div>\n<ul>\n<li>Multi-tenant environment<\/li>\n<li>Elastic environment that can grow or shrink based on demand<\/li>\n<li>Elimination of the need to invest in direct infrastructure and software license costs<\/li>\n<li>Fast setup of development and test environments<\/li>\n<li>Quick application and web hosting rollouts<\/li>\n<li>Easier backups<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div>One example of a community cloud is the <a title=\"Federal Government Cloud initiative\" href=\"http:\/\/www.cio.gov\/pages.cfm\/page\/State-of-Public-Sector-Cloud-Computing\" target=\"_blank\" rel=\"noopener noreferrer\">Federal government initiative<\/a> being led by Federal Chief Information Officer&nbsp;<a title=\"Vivek Kundra\" href=\"http:\/\/www.cio.gov\/Vivek-Kundra\/\" target=\"_blank\" rel=\"noopener noreferrer\">Vivek Kundra<\/a>. &nbsp;Last year,&nbsp;<a title=\"IBM Federal Community Cloud initiative\" href=\"http:\/\/www-03.ibm.com\/press\/us\/en\/pressrelease\/32911.wss\" target=\"_blank\" rel=\"noopener noreferrer\">IBM established a Federal community<\/a> cloud based on Kundra&#8217;s direction. &nbsp; &nbsp;<a title=\"Mount Sanai Hospital\" href=\"http:\/\/searchcio.techtarget.com\/news\/2240026119\/A-health-care-community-cloud-takes-shape\" target=\"_blank\" rel=\"noopener noreferrer\">Another example<\/a> of a community cloud is a project at Mount Sinai Hospital in Toronto. &nbsp;In that project, 14 area hospitals will share access to fetal ultrasound and other patient information. &nbsp;Other industries are expected to follow.<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<div><a title=\"Omar Kayed\" href=\"http:\/\/www.linkedin.com\/pub\/omar-kayed\/2\/955\/483\" target=\"_blank\" rel=\"noopener noreferrer\">Omar Kayed<\/a>, principal consultant at <a title=\"Convergent Consulting\" href=\"http:\/\/www.cvrgnt.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Convergent Consulting <\/a>Inc. in Toronto, said in a<a title=\"SearchCIO\" href=\"http:\/\/searchcio.techtarget.com\/news\/2240026119\/A-health-care-community-cloud-takes-shape\" target=\"_blank\" rel=\"noopener noreferrer\"> SearchCIO article<\/a>: &nbsp;&#8220;I think community clouds will be the trend in the financial services industry. &nbsp; Companies want to take advantage of the cloud, and the best solution is to build their own community, so that security is guaranteed.&#8221;<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<div>In June, the New York Stock Exchange introduced the <a title=\"The Capital Markets Community Platform\" href=\"http:\/\/www.marketwatch.com\/story\/nyse-technologies-introduces-the-worlds-first-capital-markets-community-platform-2011-06-01\" target=\"_blank\" rel=\"noopener noreferrer\">Capital Markets Community Platform<\/a>, a virtual trading hub that connects financial &nbsp;trading companies of all sizes. &nbsp;Data centers for the NYSE community cloud will be based in Mahwah, New Jersey, with plans to later establish trading satellite hubs in Sao Paolo, Toronto and Tokyo. &nbsp;The NYSE community cloud was built using technology from Hewlett-Packard, EMC and VMWare. &nbsp;The system has been optimized to enable huge numbers of transactions with very low latency. &nbsp;It will be an isolated network with no connection to the Internet.<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<div><a title=\"Stanley Young\" href=\"http:\/\/www.youtube.com\/watch?v=uDb2aVIlqGM\" target=\"_blank\" rel=\"noopener noreferrer\">Stanley Young<\/a>, NYSE Technologies CEO,<a title=\"Stanley Young quote on NYSE community cloud\" href=\"http:\/\/www.eweek.com\/c\/a\/Cloud-Computing\/Intel-VMWare-EMC-Supply-Infrastructure-for-NYSE-Capital-Markets-Cloud-787035\/\" target=\"_blank\" rel=\"noopener noreferrer\"> said that<\/a> &#8220;Order management systems, execution management systems, back testing\u2014so much of the flow can be contained within the physical walls of our data center, reducing the time to trade.&#8221;<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<div>One of the economies that will come as part of the community cloud platform is the&nbsp;common&nbsp;hosting of historical financial data sets. &nbsp;Historical financial data sets are very large, but with a community cloud, only a single live copy of the data is needed, rather than each participating company needing to host their own copy of the same data.<\/div>\n\n\n\n<div>&nbsp;<\/div>\n\n\n\n<div>Another advantage of having a common platform for trading is that it provides more equitable access of the market to financial companies of all sizes. &nbsp; Agency brokers, hedge funds, institutions, data suppliers and technology vendors will all have access to the system. &nbsp;It will also be easier for small startup companies, for example, to get started without having to make massive initial investments in infrastructure.<\/div>\n\n\n\n<div>&nbsp;<\/div>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fcloud-computing-community-clouds-begin-to-gather%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/www.reddit.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fcloud-computing-community-clouds-begin-to-gather%2F&amp;title=\" target=\"_blank\"><img 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Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The National Institute of Standards and Technology (NIST) defines a Community Cloud as follows: The cloud infrastructure is shared by several organizations and supports a&nbsp;specific community that has shared concerns (e.g., mission, security requirements, policy,and compliance considerations). It may be<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/cloud-computing-community-clouds-begin-to-gather\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2229","post","type-post","status-publish","format-standard","hentry","category-cloud-computing"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/2229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":1,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/2229\/revisions"}],"predecessor-version":[{"id":10280,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/2229\/revisions\/10280"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}