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Inspired by the advent of demonetisation which kicked off on 8 November, Kotak Mahindra Bank (KMB) recently launched its ‘811’ which is ‘zero balance, zero charge’ account. The idea was possibly to capitalise on the digitisation and the universal banking movement demonetisation was to spur, KMB must have thought that pushing a no-frills banking concept might work very well both with the government and with the general public. Even a cursory look at the scheme makes it appear more like a private bank’s version of Jan-Dhan Yojana account. Today, every bank is trying to make digital banking attractive. This is precisely what KMB has tried to do with 811. The bank promises to set up an account for the customer digitally within five minutes. All you need is just Aadhar card. The most-talked about ‘zero balance, zero charges’ initiative was Jan Dhan –a government initiative. As a political move aimed at social inclusion, it made lot of immense sense.  But the initiative has pro...

VMware provide you product as an hardware or software to facilitate virtualization in your in house infrastructure. So with its help you can use a single hardware and can run multiple servers on it through virtualization. As far as sharing of resources and bringing down cost is concerned it fits in the picture of Infrastructure as a service Model(IAAS) but not trually. On the other hand AWS is a true IAAS solution where all the IT infrastructure product is available on your fingertips over the internet(can be private connection). You donot need to provision anything physically in you data center. Now one of the difference is that you are totally relieved of managing physical infrastructure, your Operational cost goes down (Thanks to Pay as you go model- you pay for only what you use & not needing capital innvestemnt), it provides Elasticity which VMware does not i.e. you infrastructure can not scale by using VMware. And let me tell you one interesting fact, AWS is using...