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Ten Lessons from Finance for Commercial Sharing of IT Resources

Ten Lessons from Finance for Commercial Sharing of IT Resources

Giorgos Cheliotis, Chris Kenyon, Rajkumar Buyya
Copyright: © 2005 |Pages: 21
ISBN13: 9781591404293|ISBN10: 1591404290|ISBN13 Softcover: 9781591404309|EISBN13: 9781591404316
DOI: 10.4018/978-1-59140-429-3.ch011
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MLA

Cheliotis, Giorgos, et al. "Ten Lessons from Finance for Commercial Sharing of IT Resources." Peer-to-Peer Computing: The Evolution of a Disruptive Technology, edited by Ramesh Subramanian and Brian D. Goodman, IGI Global, 2005, pp. 244-264. https://doi.org/10.4018/978-1-59140-429-3.ch011

APA

Cheliotis, G., Kenyon, C., & Buyya, R. (2005). Ten Lessons from Finance for Commercial Sharing of IT Resources. In R. Subramanian & B. Goodman (Eds.), Peer-to-Peer Computing: The Evolution of a Disruptive Technology (pp. 244-264). IGI Global. https://doi.org/10.4018/978-1-59140-429-3.ch011

Chicago

Cheliotis, Giorgos, Chris Kenyon, and Rajkumar Buyya. "Ten Lessons from Finance for Commercial Sharing of IT Resources." In Peer-to-Peer Computing: The Evolution of a Disruptive Technology, edited by Ramesh Subramanian and Brian D. Goodman, 244-264. Hershey, PA: IGI Global, 2005. https://doi.org/10.4018/978-1-59140-429-3.ch011

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Abstract

Sharing IT resources within and among organizations is an attractive value proposition in terms of efficiency and flexibility, but despite this, commercial practice is limited. In contrast, financial and commodity markets have proved very successful at dynamic allocation of different resource types to many different organizations. Thus to understand how the potential benefits of sharing IT resources may be promoted in practice, we analyze enabling factors in successful markets. We present 10 basic lessons for IT resource sharing derived from a financial perspective and modified by considering the nature and context of IT resources. From each lesson we derive the required software or process capability required to support it. We then evaluate the maturity of the respective capabilities within the peer-to-peer and grid environments using a simple framework based on the standard Capability Maturity Model approach. We conclude with a description of the largest capability gaps and the lowest hanging fruit for making IT resource sharing a more viable business proposition.

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