We don’t buy hype, says Standard Chartered
Standard Chartered's group technology head confirms that investment will outstrip 2009 and that vendors are pushing too much, too soon.
The group head of technology for Standard Chartered Bank has chastised technology vendors for creating too much hype around emergent technologies like cloud computing and virtualisation.
According to Singapore-based David Awcock, the financial titan remains sceptical of such movements, saying that much of these systems already exist within enterprises - but simply have not been recognised as such yet.
"We're not greatly enamoured by buzzwords put out by vendors. We're very much interested in some of those types of technology which will help us further our business aims. In the case of virtualisation, we're already well down the path of virtualising in our major data centres. There are lots of benefits you get from that - we get efficiency benefits, we also do something around the sustainability side as well so that we can provide more efficient services which don't use as much space, energy and power," he believes.
"There's a lot of hype around cloud computing. Our view is, look: we run corporate datacentres that are remote from most of our countries. That's equivalent to a cloud as far as we're concerned. This is nothing new, we've been doing this for the last few decades," adds Awcock.
He also confirms that Standard Chartered will continue to make a range of investments throughout 2010, including new CRM systems and upgrades to internet and mobile banking. For more on this exclusive interview with David Awcock, look to the May Issue of Arabian Computer News.