The financial clouds review

This paper demonstrates financial enterprise portability, which involves moving entire application services from desktops to clouds and between different clouds, and is transparent to users who can work as if on their familiar systems. To demonstrate portability, reviews for several financial models are studied, where Monte Carlo Methods (MCM) and Black Scholes Model (BSM) are chosen. A special technique in MCM, Least Square Methods, is used to reduce errors while performing accurate calculations. The coding algorithm for MCM written in MATLAB is explained. Simulations for MCM are performed on different types of Clouds. Benchmark and experimental results are presented for discussion. 3D Black Scholes are used to explain the impacts and added values for risk analysis, and three different scenarios with 3D risk analysis are explained. We also discuss implications for banking and ways to track risks in order to improve accuracy. We have used a conceptual Cloud platform to explain our contributions in Financial Software as a Service (FSaaS) and the IBM Fined Grained Security Framework. Our objective is to demonstrate portability, speed, accuracy and reliability of applications in the clouds, while demonstrating portability for FSaaS and the Cloud Computing Business Framework (CCBF), which is proposed to deal with cloud portability

Icebergs in the Clouds: the Other Risks of Cloud Computing

Cloud computing is appealing from management and efficiency perspectives, but brings risks both known and unknown. Well-known and hotly-debated information security risks, due to software vulnerabilities, insider attacks, and side-channels for example, may be only the "tip of the iceberg." As diverse, independently developed cloud services share ever more fluidly and aggressively multiplexed hardware resource pools, unpredictable interactions between load-balancing and other reactive mechanisms could lead to dynamic instabilities or "meltdowns." Non-transparent layering structures, where alternative cloud services may appear independent but share deep, hidden resource dependencies, may create unexpected and potentially catastrophic failure correlations, reminiscent of financial industry crashes. Finally, cloud computing exacerbates already-difficult digital preservation challenges, because only the provider of a cloud-based application or service can archive a "live," functional copy of a cloud artifact and its data for long-term cultural preservation. This paper explores these largely unrecognized risks, making the case that we should study them before our socioeconomic fabric becomes inextricably dependent on a convenient but potentially unstable computing model.Comment: 6 pages, 3 figure

Economic Perspective on Cloud Computing: Three Essays

Improvements in Information Technology (IT) infrastructure and standardization of interoperability standards among heterogeneous Information System (IS) applications have brought a paradigm shift in the way an IS application could be used and delivered. Not only an IS application can be built using standardized component but also parts of it can be hosted by different organizations in different locations provided it can be accessed using the Internet. This dissertation is an attempt to uncover unique aspects of this phenomenon known as Software as a Service (SaaS). The first essay examines design decision making by SaaS providers by analyzing effects of two non-functional attributes of an IS Application - modularity and architectural performance. We model the relationship of the two attributes with factors such as demand, price, and user\u27s preference. The model includes marginal cost and maintenance cost to recognize the service aspect of SaaS. Our results show the optimal values of various decision variables while taking into account user\u27s sensitivity to modularity, architectural performance and price. The service component in cloud computing necessitates that the service providers plan for requisite delivery capacity. The second essay addresses optimal infrastructure capacity planning while taking into account the opportunity cost of having low capacity and cost of unused capacity in the case of high capacity. We develop a model which provides insight to a SaaS provider on optimal capacity planning of IT infrastructure when faced with a variable demand and performance expectations. The third essay focuses on financial risks faced by SaaS providers in the context of provider\u27s risk tolerance. We analyze the financial risk of provider\u27s decision making on pricing, capacity and other factors that may lead to financial risk as they are based on incomplete information. We built a model using Mean Variance Analysis theory for investigating the effect of provider\u27s risk tolerance on infrastructure capacity planning while taking into account modularity in software architecture and operational performance. This dissertation extends our understanding of significant issues facing a SaaS provider. The models presented here can form the basis for an extensive exploration of the phenomenon of SaaS specifically and Cloud Computing in general

A service-oriented architecture for scientific computing on cloud infrastructures

This paper describes a service-oriented architecture that eases the process of scientific application deployment and execution in IaaS Clouds, with a focus on High Throughput Computing applications. The system integrates i) a catalogue and repository of Virtual Machine Images, ii) an application deployment and configuration tool, iii) a meta-scheduler for job execution management and monitoring. The developed system significantly reduces the time required to port a scientific application to these computational environments. This is exemplified by a case study with a computationally intensive protein design application on both a private Cloud and a hybrid three-level infrastructure (Grid, private and public Cloud).The authors wish to thank the financial support received from the Generalitat Valenciana for the project GV/2012/076 and to the Ministerio de Econom´ıa y Competitividad for the project CodeCloud (TIN2010-17804)Moltó, G.; Calatrava Arroyo, A.; Hernández García, V. (2013). A service-oriented architecture for scientific computing on cloud infrastructures. En High Performance Computing for Computational Science - VECPAR 2012. Springer Verlag (Germany). 163-176. doi:10.1007/978-3-642-38718-0_18S163176Vaquero, L.M., Rodero-Merino, L., Caceres, J., Lindner, M.: A break in the clouds. ACM SIGCOMM Computer Communication Review 39(1), 50 (2008)Armbrust, M., Fox, A., Griffith, R., Joseph, A.: Above the clouds: A berkeley view of cloud computing. Technical report, UC Berkeley Reliable Adaptive Distributed Systems Laboratory (2009)Rehr, J., Vila, F., Gardner, J., Svec, L., Prange, M.: Scientific computing in the cloud. Computing in Science 99 (2010)Keahey, K., Figueiredo, R., Fortes, J., Freeman, T., Tsugawa, M.: Science Clouds: Early Experiences in Cloud Computing for Scientific Applications. In: Cloud Computing and its Applications (2008)Carrión, J.V., Moltó, G., De Alfonso, C., Caballer, M., Hernández, V.: A Generic Catalog and Repository Service for Virtual Machine Images. In: 2nd International ICST Conference on Cloud Computing (CloudComp 2010) (2010)Moltó, G., Hernández, V., Alonso, J.: A service-oriented WSRF-based architecture for metascheduling on computational Grids. Future Generation Computer Systems 24(4), 317–328 (2008)Krishnan, S., Clementi, L., Ren, J., Papadopoulos, P., Li, W.: Design and Evaluation of Opal2: A Toolkit for Scientific Software as a Service. In: 2009 IEEE Congress on Services (2009)Distributed Management Task Force (DMTF): The Open Virtualization Format Specification (Technical report)Raman, R., Livny, M., Solomon, M.: Matchmaking: Distributed Resource Management for High Throughput Computing. In: Proceedings of the Seventh IEEE International Symposium on High Performance Distributed Computing, pp. 28–31 (1998)Wei, J., Zhang, X., Ammons, G., Bala, V., Ning, P.: Managing security of virtual machine images in a cloud environment. ACM Press, New York (2009)Keahey, K., Freeman, T.: Contextualization: Providing One-Click Virtual Clusters. In: Fourth IEEE International Conference on eScience, pp. 301–308 (2008)Foster, I.: Globus toolkit version 4: Software for service-oriented systems. Journal of Computer Science and Technology 21(4), 513–520 (2006)Moltó, G., Suárez, M., Tortosa, P., Alonso, J.M., Hernández, V., Jaramillo, A.: Protein design based on parallel dimensional reduction. Journal of Chemical Information and Modeling 49(5), 1261–1271 (2009)Calatrava, A.: In: Use of Grid and Cloud Hybrid Infrastructures for Scientific Computing (M.Sc. Thesis in Spanish), Universitat Politècnica de València (2012)Keahey, K., Freeman, T., Lauret, J., Olson, D.: Virtual workspaces for scientific applications. Journal of Physics: Conference Series 78(1), 012038 (2007)Pallickara, S., Pierce, M., Dong, Q., Kong, C.: Enabling Large Scale Scientific Computations for Expressed Sequence Tag Sequencing over Grid and Cloud Computing Clusters. In: Eigth International Conference on Parallel Processing and Applied Mathematics (PPAM 2009), Citeseer (2009)Merzky, A., Stamou, K., Jha, S.: Application Level Interoperability between Clouds and Grids. In: 2009 Workshops at the Grid and Pervasive Computing Conference, pp. 143–150 (2009)Thain, D., Tannenbaum, T., Livny, M.: Distributed computing in practice: the Condor experience. Concurrency and Computation: Practice and Experience 17(2-4), 323–356 (2005)Simmhan, Y., van Ingen, C., Subramanian, G., Li, J.: Bridging the Gap between Desktop and the Cloud for eScience Applications. In: 2010 IEEE 3rd International Conference on Cloud Computing, pp. 474–481. IEEE (2010)Chappell, D.: Introducing windows azure. Technical report (2009

APPLICATION OF CLOUD INTEROPERABILITY FOR DATA STORAGE

Zbog mogućnosti financijskih ušteda, sve veći broj poslovnih organizacija razmatra korištenje ili već koristi računarstvo u oblacima. Međutim, postoje i problemi koji otežavaju primjenu ove nove paradigme. Jedan od najznačajnih problema je zaključavanje korisnika od strane pružatelja usluge i nedostatak interoperabilnosti. Od modela računarstva u oblacima, za krajnje je korisnike najzanimljiviji softver kao servis, jer isti pruža gotove aplikacije. Ovaj rad daje osvrt na interoperabilnost sofvera kao servisa na primjeru servisa u oblacima za pohranu datoteka. Napravljena je i aplikacija koja omogućava pristup i rad sa tri poznate usluge u oblaku za pohranu datoteka (Dropbox, Google Drive i Box).Cloud computing paradigm is accepted by an increasing number of organizations due to significant financial savings. On the other hand, there are some issues that hinder cloud adoption. One of the most important problems is the vendor lock-in and lack of interoperability as its outcome. The end users are most interested in software as a service model of cloud computing, as it provides readymade applications. This paper gives an overview of the interoperability of the software as a service on the example of file storage services in cloud. An application that works with three well-known cloud storage services (Dropbox, Google Drive, and Box) has been created

APPLICATION OF CLOUD INTEROPERABILITY FOR DATA STORAGE

Zbog mogućnosti financijskih ušteda, sve veći broj poslovnih organizacija razmatra korištenje ili već koristi računarstvo u oblacima. Međutim, postoje i problemi koji otežavaju primjenu ove nove paradigme. Jedan od najznačajnih problema je zaključavanje korisnika od strane pružatelja usluge i nedostatak interoperabilnosti. Od modela računarstva u oblacima, za krajnje je korisnike najzanimljiviji softver kao servis, jer isti pruža gotove aplikacije. Ovaj rad daje osvrt na interoperabilnost sofvera kao servisa na primjeru servisa u oblacima za pohranu datoteka. Napravljena je i aplikacija koja omogućava pristup i rad sa tri poznate usluge u oblaku za pohranu datoteka (Dropbox, Google Drive i Box).Cloud computing paradigm is accepted by an increasing number of organizations due to significant financial savings. On the other hand, there are some issues that hinder cloud adoption. One of the most important problems is the vendor lock-in and lack of interoperability as its outcome. The end users are most interested in software as a service model of cloud computing, as it provides readymade applications. This paper gives an overview of the interoperability of the software as a service on the example of file storage services in cloud. An application that works with three well-known cloud storage services (Dropbox, Google Drive, and Box) has been created

An Integrated Modeling Framework for Managing the Deployment and Operation of Cloud Applications

Cloud computing can help Software as a Service (SaaS) providers to take advantage of the sheer number of cloud benefits such as, agility, continuity, cost reduction, autonomy, and easy management of resources. To reap the benefits, SaaS providers should create their applications to utilize the cloud platform capabilities. However, this is a daunting task. First, it requires a full understanding of the service offerings from different providers, and the meta-data artifacts required by each provider to configure the platform to efficiently deploy, run and manage the application. Second, it involves complex decisions that are specified by different stakeholders. Examples include, financial decisions (e.g., selecting a platform to reduces costs), architectural decisions (e.g., partition the application to maximize scalability), and operational decisions (e.g., distributing modules to insure availability and porting the application to other platforms). Finally, while each stakeholder may conduct a certain type of change to address a specific concern, the impact of a change may span multiple models and influence the decisions of several stakeholders. These factors motivate the need for: (i) a new architectural view model that focuses on service operation and reflects the cloud stakeholder perspectives, and (ii) a novel framework that facilitates providing holistic as well as partial architectural views, and generating the required platform artifacts by fragmenting the model into artifacts that can be easily modified separately. This PhD research devises a novel architecture framework, "The 5+1 Architectural View Model", for cloud applications, in which each view corresponds to a different perspective on cloud application deployment. The architectural framework is realized as a cloud modeling framework, called "StratusML", which consists of a modeling language that uses layers to specify the cloud configuration space, and a transformation engine to generate the configuration space artifacts. The usefulness and practical applicability of StratusML to model multi-cloud and multi-tenant applications have been demonstrated though a representative domain example. Moreover, to automate the framework evolution as new concerns and cloud platforms emerge, this research work introduces also a novel schema matching technique, called "Liberate". Liberate supports the process of domain model creation, evolution, and transformations. Liberate helps solve the vendor lock-in problem by reducing the manual efforts required to map complex correspondences between cloud schemas whose domain concepts do not share linguistic similarities. The evaluation of Liberate shows its superiority in the cloud domain over existing schema matching approaches

Cloudbus Toolkit for Market-Oriented Cloud Computing

This keynote paper: (1) presents the 21st century vision of computing and identifies various IT paradigms promising to deliver computing as a utility; (2) defines the architecture for creating market-oriented Clouds and computing atmosphere by leveraging technologies such as virtual machines; (3) provides thoughts on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain SLA-oriented resource allocation; (4) presents the work carried out as part of our new Cloud Computing initiative, called Cloudbus: (i) Aneka, a Platform as a Service software system containing SDK (Software Development Kit) for construction of Cloud applications and deployment on private or public Clouds, in addition to supporting market-oriented resource management; (ii) internetworking of Clouds for dynamic creation of federated computing environments for scaling of elastic applications; (iii) creation of 3rd party Cloud brokering services for building content delivery networks and e-Science applications and their deployment on capabilities of IaaS providers such as Amazon along with Grid mashups; (iv) CloudSim supporting modelling and simulation of Clouds for performance studies; (v) Energy Efficient Resource Allocation Mechanisms and Techniques for creation and management of Green Clouds; and (vi) pathways for future research.Comment: 21 pages, 6 figures, 2 tables, Conference pape

InterCloud: Utility-Oriented Federation of Cloud Computing Environments for Scaling of Application Services

Cloud computing providers have setup several data centers at different geographical locations over the Internet in order to optimally serve needs of their customers around the world. However, existing systems do not support mechanisms and policies for dynamically coordinating load distribution among different Cloud-based data centers in order to determine optimal location for hosting application services to achieve reasonable QoS levels. Further, the Cloud computing providers are unable to predict geographic distribution of users consuming their services, hence the load coordination must happen automatically, and distribution of services must change in response to changes in the load. To counter this problem, we advocate creation of federated Cloud computing environment (InterCloud) that facilitates just-in-time, opportunistic, and scalable provisioning of application services, consistently achieving QoS targets under variable workload, resource and network conditions. The overall goal is to create a computing environment that supports dynamic expansion or contraction of capabilities (VMs, services, storage, and database) for handling sudden variations in service demands. This paper presents vision, challenges, and architectural elements of InterCloud for utility-oriented federation of Cloud computing environments. The proposed InterCloud environment supports scaling of applications across multiple vendor clouds. We have validated our approach by conducting a set of rigorous performance evaluation study using the CloudSim toolkit. The results demonstrate that federated Cloud computing model has immense potential as it offers significant performance gains as regards to response time and cost saving under dynamic workload scenarios.Comment: 20 pages, 4 figures, 3 tables, conference pape