Tag Perry

Tag Perry

Crisis, What Crisis?

Tags: , , , , Business

crisis what crisisFor those of you who have the same, rather bad, taste in music as me you might remember the Supertramp album from the 1970s with this title, referring to a man staying cool in a crisis.

Following on from a recent post on banks and the cloud, I wonder if we could take this title as a state of play for the banking industries take on the cloud. Are the banks sitting there saying, “I am regulated, so cannot change safely”, are they saying “I am so big I have already achieved economies of scale”, or, like the man on the album sleeve, are they just carrying on regardless, ignoring the problem? Whatever happens within these institutions,
I believe if they keep their heads in the clouds, they risk finding themselves in the middle of a desolate wasteland of defunct technologies.