ING Understands Cloud

Perhaps some people see cloud computing in terms that are too simplistic, e.g., you adopt or don’t, it’s one kind or nothing. Not ING Americas, the U.S. division of the Dutch banking firm.

I recently read in a banking magazine that ING was first attracted to the concept of cloud computing when it began estimating the current and future cost and time required to run certain applications, according to Alan Boehme, SVP, IT strategy and enterprise architecture, at ING Americas, who was quoted in the story. “We looked at: Can we run the jobs faster and give our analysts and others more time to make business decisions, and can we do that at a cost that’s equal to or less than it is today?” he said.

Guess that they found out: A projection that the bank could cut processing time and costs by as much as 50% by using cloud services.

But that savings discovery is just part of the story. After testing cloud computing last year, it applied one of its core applications across several key providers, including Rackspace, Amazon and In doing so, the bank moved beyond the simple notion that you have to put all your eggs (data or apps) in one basket (a provider).

And the bank understands that “different parts of ING will be able to take advantage of cloud computing at different rates,” said Boehme, in the article, who estimated that some of the financial institution’s business units will be able to move 50% to 60% of their processing to the cloud depending on the platform, while others may only migrate about 10% of apps and data.

All this is very interesting to read and indicates to me that enterprises — often due to economic necessity — are becoming more and more sophisticated in their understanding of and approach to the cloud. And that is why we at Monitis are seeing heightened interest in third-party monitoring solutions that measure things like cloud platform up time and provide warnings when apps are down.