High-speed Accounting for Virtual Resources
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This document summarizes a presentation about high-speed accounting for virtual resources. It discusses how accounting collects and stores resource usage records, and how accounted data provides a basis for accountability, value creation, and charging/billing. It notes challenges for accounting systems from very high speeds, large customer numbers, and data retention regulations. The conclusion emphasizes that reliable accounting is key but must consider costs, and that achieving accountable and cost-effective high-speed accounting faces significant challenges.
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This document discusses lessons for developing the future internet from a cross-disciplinary perspective. It summarizes discussions at a workshop where technologists engaged with social scientists and policymakers. Key issues identified were privacy, online identity, security, online communities, internet of things, and cloud computing. Challenges discussed included the need for increased transparency, user-centric design, multi-disciplinary collaboration, balancing debates, improving digital literacy, establishing common definitions, clarifying digital rights and choices, and enabling global regulatory frameworks.
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- 1. SESERV Socio-Economic Services for European Research Projects http://www.seserv.org European Seventh Framework CSA FP7-2010-ICT-258138 High-speed Accounting for Virtual Resources Martin Waldburger University of Zurich Poznan, Poland, October 25, 2011 © 2011 The SESERV Consortium 1
- 2. High-speed Accounting for Virtual Resources • Accounting = Collect and store resource usage records • Value of accounted for data depends on accounting demand • Accounting provides quantified basis for • Accountability • Value creation © 2011 The SESERV Consortium 2
- 3. Data Center Scenario Jurisdictions: • Data retention • Data protection Bottlenecks: • Consumer protection • Very high speed • Contract law • #Customers Benefit > • Time/packet Costs? • #flows Multi-tier value network: Risk: • Accountability, trust? • Loss of information Charging and billing: • Granularity loss • Value in terms of revenue © 2011 The SESERV Consortium 3
- 4. Conclusions • Reliable, working accounting system is key • Basis for accountability and value creation • Multiple demand drivers – resulting tension fields • Accounting essential for value creation • But consider costs as well! • Managerial, technical feasibility • Feasible, but many challenges ahead! © 2011 The SESERV Consortium 4