Business Daily from THE HINDU group of publications
Friday, Aug 04, 2006
Business Daily from THE HINDU group of publications Friday, Aug 04, 2006 |
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Info-Tech
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Alliances & Joint Ventures Industry & Economy - Education
Our Bureau
New Delhi , Aug. 3 HCL Technologies Ltd has signed a memorandum of understanding with The Grid Computing and Distributed Systems' (GRIDS) Laboratory at the University of Melbourne, Australia to work collaboratively in the area of grid computing and high-performance computing using open source software. Grid computing is an enabling technology that allows integration of heterogeneous IT resources such as CPUs and data storage units and to operate resources as a single virtual computer. It harnesses idle computing capacity dispersed across an enterprise without resorting to new computer hardware, thereby providing tremendous cost-benefits. International Data Corporation projects the total grid technology market opportunity at more than $13 billion by 2007. According to Insight Research, worldwide grid spending will grow to approximately $19.2 billion by 2010. According to the MoU, HCL and GRIDS will jointly conduct research in this field and undertake multilateral projects for academia and industries.
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