The Pros and Cons of Cloud Computing

As technology shifts and changes, so do the challenges involved in running your business. As more and more businesses move to cloud computing, here are some things to keep in mind:

The Pros:
  • Overall Lower Costs

It’s always important to keep costs in mind when operating a business, luckily cloud computing lowers overall costs as it utilizes a pay as you go model, and does not require the investment in infrastructure that is needed for on-prem operations.

  • Consolidated Data

Cloud computing centralizes data so that all of your information is in one place. This gives you control over your data without having to visit different locations for different information. With the cloud, you know exactly where any piece of information is at any given time. This also makes backup and recovery of data simple and efficient, saving you precious time.

  • Unlimited Storage Capacity

On-prem storage comes with its limitations. One of the biggest disadvantages is that there is simply limited storage space with any on-prem operation. By harnessing the power of the cloud, you can effectively increase your storage capacity infinitely.

  • Improved Collaboration 

One of the advantages of moving to cloud computing is the power it gives your team to collaborate digitally. Cloud computing allows multiple employees to view and make changes to files and documents in real time, providing a much more efficient way for workers to collaborate on projects. This real time work also ensures that all team members have access to the relevant up to date versions of their projects, and easily allows for you to work without the hassles of time zone or location issues.

The Cons:
  • Connection Dependency

One possible drawback to cloud computing is that you are reliant on internet connectivity in order to be able to access your data, and you will not be able to access your information for the duration of an outage. While internet disruption may impact activities for the time that you don’t have web access, it will not result in the loss of any data. It is no more of an issue than any web based tool or service your business already uses.

  • Hard to Move Back

Another thing to consider when making the switch to the cloud is that it may be difficult to switch back. While data is easy to store, it can be a little trickier to recover and download. Though it is not likely that you will want to switch back to on-prem after experiencing the full power of the cloud, especially with an easy to use platform like CASFS+.

  • Monitoring Issues

Cloud computing management can raise many problems that include security, availability, confidentiality, privacy, legal and jurisdictional issues. Luckily the CASFS+ platform already has this in mind, and includes audit logging so that you can see what data is actually being used, who’s looking at the data, and the frequency of use. We also log who attempts to access files/directories they do not have access to.

The Bottom Line:

After looking at all the facts, the pros of cloud computing clearly outweigh the cons. Especially when you can mitigate cons with CASFS+. 

Our CASFS+ tools are specifically designed as a solution to the dilemma of rising cloud computing costs. From resource-saving caching and deduplication mechanisms to cost-monitoring features introduced by the file system, CASFS+ helps organizations significantly minimize cloud resource usage in big data processing.

Find out more here.

Options And Code Willing Announce Launch of Quantify and Data Store

Options Technology, the leading provider of cloud-enabled trading infrastructure to the global capital markets, and Code Willing, experts in financial data management, today announced the launch of end-to-end data platform products “Options Data Store” and “Quantify”.

From the announcement

“Options Data Store offers traders and researchers the ability to “try and buy” ready-to-use datasets without sourcing and storing large datasets. Data Store removes the complexity of capturing, normalising, and storing market data, enabling users to focus on alpha generation. Utilising a user-friendly GUI, data is made available in multiple formats, including ID mapped using a proprietary multi-asset security master.”

“Quantify, the second of today’s announcements, securely layers a fully auditable and high-performance self-service compute environment on top of Options Data Store, providing an abundance of data through a converged enterprise service. Key features of this new product include granular file system-level data entitlements and built-in audit and budgeting toolsets. The solution also boasts multi-cloud capabilities, with the ability to direct compute jobs to the lowest-cost or most efficient environment based on available capacity.”

 

About Options:

 

Options Technology is the No. 1 provider of IT infrastructure to global Capital Markets firms, supporting their operations and ecosystems.Founded in 1993, the firm began life as a hedge fund technology services provider. Today, the company provides high-performance managed trading infrastructure and cloud-enabled managed services to over 200 firms globally. For more information, please visit www.options-it.com.

 

About Code Willing:

 

Code Willing is a leader in data management solutions for the financial industry. Built on 20+ years of experience in fintech and trading, Code Willing offers data management services, cloud analysis tools, low latency market data feed handlers and scalable high-performance file storage. For more information, please visit www.codewilling.com.

Code Willing is named one of CIO Review’s 50 Most Promising FinTech Solution Providers

The breadth and depth of data available for financial research is growing at a rapid pace. What used to be daily price and volume data sets has now grown to become order by order streaming data feeds, unstructured social media data, even geospatial imagery. Data issues like tracking assets through time sound like simple problems but are actually quite difficult challenges.

Even with large and well-known data vendors, financial organizations often find themselves straddled with significant data quality issues. As Baron K. Davis, CEO, Code Willing asserts, “Rather than using a large player that taps into multiple verticals, we think it’s better to hire a firm that understands the data specific to the finance industry. This goes a long way in processing financial data quickly and efficiently.” Code Willing, a financial technology startup, converts this idea into actionable insights for its clients. In addition, Code Willing provides data pipeline and management services to the financial industry.


We are familiar with a broad set of financial data sets, and that experience helps us quickly onboard new data from new, emerging data vendors. We understand difficult data issues facing our clients such as data quality and provide them with appropriate data management services at an affordable price,” states Davis.

Read the entire article as shown in CIO Review.

 

Code Willing gives talk to ACM@LSU

Some of our employees gave a talk about how Code Willing is changing the financial industry to the Association for Computing Machinery (ACM) at Louisiana State University on March 27, 2019.

Code Willing talking to Association for Computing Machinery at LSU
Dalton Hall, Matthew Guidry, Nam Vu, Mason Walton, Michael Stewart and Sonia Azad presented to the ACM@LSU.

MIT Students Leverage Code Willing Technology for Quantitative Finance Research Project

MIT utilizes Code Willing for Research

Code Willing is working with the academic sector to advance research in the field of Quantitative Finance.

Quantbot Technologies LP, a global quantitative hedge fund and Code Willing client, is constantly looking for new research opportunities and partnerships but is often restricted due to the highly proprietary nature of their work. With Code Willing managing the Quantbot data and cloud infrastructure, it enables Quantbot to engage external research teams via consulting arrangements. Through the use of the Code Willing technology suite, Quantbot can provide tightly controlled access to clean data and the virtually unlimited resources of cloud computing infrastructure.

Recently, Quantbot worked with several student groups participating in a month-long MIT Sloan 2019 Finance Research Practicum course. The students performed real research for Quantbot in a secure environment running on Amazon AWS with strictly controlled access to the clean datasets they needed.


Without the Code Willing platform there’s really no way we would have been able to host these projects. Now we have the ability to run almost limitless amounts of additional research projects with no risk of impact to our internal systems.”

– Paul White, President and CTO of Quantbot