"It's sometimes called grid," he said. "But at it's simplest it's about running virtual application components over a heterogeneous pool of devices at low management cost."
UBS first started using application virtualisation techniques in 2002, but now has a sophisticated pool of global computing resource with which to run and dynamically provision its most CPU-intensive risk simulations and calculations.
Morgan said that, in this time, the internal development of frameworks and management tools has been key to getting business buy-in that sees different functional areas and geographical regions dynamically sharing their IT resources around the clock.
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