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Grid Computing for Commercial Enterprise Environments

In: Handbook on Information Technology in Finance

Author

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  • Daniel Minoli

    (Stevens Institute of Technology)

Abstract

Grid Computing (or, more precisely a “Grid Computing System”) is a virtualized distributed computing environment. Such environment aims at enabling the dynamic “runtime” selection, sharing, and aggregation of (geographically) distributed autonomous resources based on the availability, capability, performance, and cost of these computing resources, and, simultaneously, also based on an organization’s specific baseline and/or burst processing requirements. When people think of a grid the idea of an interconnected system for the distribution of electricity, especially a network of high-tension cables and power stations, comes to mind. In the mid-1990s the grid metaphor was (re)applied to computing, by extending and advancing the 1960’s concept of “computer time sharing”. The grid metaphor strongly illustrates the relation to, and the dependency on, a highly-interconnected networking infrastructure.

Suggested Citation

  • Daniel Minoli, 2008. "Grid Computing for Commercial Enterprise Environments," International Handbooks on Information Systems, in: Detlef Seese & Christof Weinhardt & Frank Schlottmann (ed.), Handbook on Information Technology in Finance, chapter 12, pages 257-289, Springer.
    • Handle: RePEc:spr:ihichp:978-3-540-49487-4_12
    DOI: 10.1007/978-3-540-49487-4_12
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