Why It's Important: Cloud computing is gaining momentum quickly on Wall Street. In a 2010 Wall Street & Technology/ Information Week Analytics survey of 144 capital markets executives, 40 percent said their firms already use some type of cloud, while an additional 31 percent said they are considering it. "The current trend is how to optimize your footprint and minimize what you have to expend in capitalization, while maximizing performance," says Mark Popolano, a senior advisor with Ineum Consulting and a former AIG CIO. The cloud fits the bill perfectly, he notes.
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