Boyd runs a lean operation, relying on cheap processing power and the Internet to handle the vast majority of transactions.
Tradition may be an obstacle now, but never underestimate what smart programmers and a lot of cheap processing power can do.
The new appliances depend upon cheap and powerful processing power.
Amazon's Web Services, which pipe applications, processing and storage over the Internet, may eventually let companies escape the confines of their data centers and pay for cheap, scalable processing and storage as easily as they pay for water or electricity.
Amazon's (nasdaq: AMZN - news - people ) Web Services, which pipe applications, processing and storage over the Internet, may eventually let companies escape the confines of their data centers and pay for cheap, scalable processing and storage as easily as they pay for water or electricity.
To be sure, Indian data processing firms still depend for 75% to 85% of their revenue on cheap labor applied to software testing and order processing, but they're adding strategic and innovation consulting services rapidly.
Indian firms, once purely providers of cheap call-center services and payroll processing, are moving up the value ladder.
Ultimately, says Dr Dean, the big question is this: now that processing power has become so cheap, how can lots of processors be made to work together efficiently, either within a single machine, within a cluster, or across the Internet?
Having a commercial bank would boost Morgan Stanley's efforts to use its balance sheet to attract more investment banking business, bring it a cheap source of deposit gathering and also bring it a fund-processing business.
Back home, they hooked up their cheap computers and hard drives to each other to form a sort of homemade parallel processing system.
In practice, they provide cheap labour (mainly from Asia) for the garment industry, farming and fish-processing.
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