MAY 26, 2011 10:09am ET

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8 Questions to Ask Before Heading into the Cloud

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May 26, 2011 – Citigroup, Morgan Stanley and Bank of America Merrill Lynch are already using cloud computing to analyze data, provide applications to employees and run special projects.

And more cloud services will soon be available globally, as established technology and telecom providers such as Microsoft, IBM, Accenture, Fujitsu, KDDI, China Mobile and SingTel join cloud pioneers such as Google, Amazon Web Services and Salesforce.com to offer infrastructure, software and business processes as services in a worldwide "cloud" of interconnected computing resources.

If you're part of the technology team looking to make your capital markets firm the next to head into that cloud, then review the eight questions to ask yourself, first from Securities Technology Monitor.

Tom Steinert-Threlkeld is the editor-in-chief of Securities Technology Monitor.

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