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Cloud computing praised by Commonwealth Bank of Australia CIO

Aug 19 2010, 15:19 PM

The use of cloud computing services has been a success at the Commonwealth Bank of Australia, the financial institution's chief information officer (CIO) has stated.

Speaking to the CIO Australia website, Michael Harte said the adoption of the cloud computing offerings was chiefly driven by business considerations.

"We only want to pay for what we use," he explained. "We want to get out of infrastructure computing and into fine-grain components and highly granular data, so that our customers enjoy new services."

Mr Harte added that for the bank, the main thing is that the technology can help to supply customers with the services they want at a reasonable cost to the company.

Earlier this week, a study from Springboard Research revealed that 24 per cent of companies in Australia and New Zealand are currently using cloud computing solutions.

This is ten per cent higher than the figure recorded in 2009, it was noted.

Posted by Neil Hill

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