India's ICIx named finalist in AWS city on 'Cloud Innovation Challenge'

India Compute Interchange (ICIx) was announced the finalist at the Amazon Web Services (AWS) conference in Las Vegas, United States on October 7. ICIx is known for its financial market place for government organizations, state-owned and private companies in India to trade compute resources.

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ICIx is a joint venture between Universal Compute Exchange, Chicago and SCAD Consultants, India that enables organizations to buy and sell compute processing power as a utility.

ICIx Chairman Dr. Bharat Swami said, "ICIx brings enterprises, government ministries and cloud service providers together to engage in price discovery, trade execution, and the physical delivery of compute resources providing operational agility and capital and market efficiencies never seen before."

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The WAC unit comprises six compute resources: CPU, Memory, Storage, Disc I/O, LAN I/O and WAN I/O. It is the commercial standard to quantify supply and demand of compute resources and of measuring the consumption of compute processing, just like Watt is the measure for consumption of electricity.

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Teresa Carlson, Vice President Worldwide Public Sector, Amazon Web Services, congratulated the finalists and said that the finalists showcased great example of how the cloud is delivering the next generation of citizen services and making the business of government more efficient.

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At a time when the Government of India has launched a "Digital India" initiative to take computers and the internet to the remotest villages in the vast country, ICIx has been engaged in educating end users on the importance of the WAC standard. It will also go a long way in achieving the Government's goal of a "Green India" by reducing the need to have extra servers and racks and, thus, reduce electronic waste.