cloud computing: helping financial institutions leverage the cloud to improve it efficiency
Post on 13-Sep-2014
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IBM's cloud computing solutions improve capital utilization, reducing the excessive infrastructure costs associated with underutilized IT resources. They provide elastic scalability and accelerate time to value. They help increase agility and responsiveness to changing business conditions and foster innovation. IBM provides clear economic value and helps financial institutions work through the right mix of delivery models and choices (by workload) to reap the maximum benefit.TRANSCRIPT
© 2010 IBM Corporation
Anthony Lipp – Global Strategy Leader, Banking & Financial Markets August 2010
Cloud Computing
© 2010 IBM Corporation
Building a smarter planet
2
There are dramatic forces shaping the financial services industry
ClientsRapidly evolving expectations for offerings, service unbiased advice, and convenience
RegulationRadically increased
oversight ushering in a new era of increased
government intervention
TrustRebuilding trust and
confidence across the system is critical to future
growth and stability
CapitalizationMature markets and
emerging markets alike focus on rebuilding their
capital reserves
CompetitionIntensified competition with increased M&A, divestitures and entrance of non-bank service providers
EconomyWeak conditions impact investment decisions and reduce need for financial services
© 2010 IBM Corporation
Building a smarter planet
The global financial system is highly complex with many stakeholders and requires new approaches to create value
1 – Rethinking the Financial Network, Andrew Haldane, Executive Director, Financial Stability, Bank of England3
The global financial system is massively interconnected and interdependent
An adaptive system which is a complex network – evolving organically
The number of intersection points of the financial services networks across the 18 largest countries increased 14x in 20 years1
The system moves more than $74T around the world each day
Digitization of the “real economy” has transformed availability of information and how decisions are made
Anonymity and susceptibility make the system an attractive target for criminal elements
The system intermediates the needs of billions of people in 190 countries — in thousands of languages.
Policy makers
Regulators
Financialinstitutions
Compliance
Laws andrules
Surveillance and monitoring
Standards
SoundnessStability Supervisors
© 2010 IBM Corporation
Building a smarter planet
IntelligentInterconnectedInstrumented
Winners are enabling themselves by a new business infrastructure that is more instrumented, interconnected and intelligent
Real-time capture and view of continuously streaming data of multiple types and from multiple sources enabling quicker insight and, therefore, faster time-to-market and higher margins
Tracking and detecting the requirements of transaction messages in real-time, enabling automatic routing of payments through least-cost channels
Advanced capture, tracking and control of digitized transactions and information
Integrated capabilities
Social networking and online collaboration
Banks systems connecting to governments and regulators in new, smarter ways to identify risk concentrations and, thereby, improve insights around systemic risk issues and global inter-dependencies
Engaging customers as co- developers through social networking and online collaboration to tailor products and services on demand
Predictive client analytics
Real-time alerts
Enterprise view of data, automated modeling and predictive analytics to provide greater client and business insight.
Real-time alerts of performance problems with insights into the source systems and applications as well as analysis of impact on business processes and service levels.
4
© 2010 IBM Corporation
Building a smarter planet
Digital data is projected to grow tenfold from 2007 to 2011
As the planet gets smarter the information explosion and rapid change create new challenges
Global Internet traffic volume expected by 2013
Number of devices will be connected to the Internet by 2011
Percentage of CIOs who expect to face substantial change over the next three years
3
55K PB/Mo10x
1 trillion 83%
© 2010 IBM Corporation
Building a smarter planet
It will reach a breaking point
In distributed computing environments, up to 85 percent of computing capacity sits idle
Percentage of executives who report a security breach and aren’t confident they can prevent future breaches
66 percent is spent on maintaining current IT infrastructures versus adding new capabilities
Percentage of CIOs who want to improve the way they use and manage their data
66%
85% idle78%
82%
6
Today’s IT infrastructure is under tremendous pressure and is finding it difficult to keep up…
© 2010 IBM Corporation
Building a smarter planet
There is a greater need for IT to help address business challenges
Reducing risk Breakthrough agility
Higher quality servicesDoing more with less
7
© 2010 IBM Corporation
Building a smarter planet
There are three ways to acquire IT capabilities
Cloud computing is a new delivery and consumption model or methodology spanning all 3 ways.
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Pre-integrated systems and appliances
Provided as services
Software, hardware and services
© 2010 IBM Corporation
Building a smarter planet
What is different about cloud computing?
With cloud computingWithout cloud computing
Virtualized resources
Automated service management
Standardized services
Location independent
Rapid scalability
Self-service
• Software• Hardware
• Storage• Networking
• Software• Hardware• Storage• Networking
• Software• Hardware• Storage• Networking
9
Service Management Service Management Service Management
© 2010 IBM Corporation
Building a smarter planet
There is a spectrum of deployment options for cloud computing
Private Public
Hybrid
IT capabilities are provided “as a service,” over an intranet, within the enterprise and behind the firewall
Internal and external service delivery methods are integrated
IT activities / functions are provided “as a service,”
over the Internet
Third-party operated
Third-party hosted and operated
Enterprise data center
Enterprise data center
Private cloud Hosted private cloud
Managed private cloud
Enterprise
Shared cloud services
AEnterprise
B
Public cloud services
AUsers
B
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© 2010 IBM Corporation
Building a smarter planet
Public and Private Clouds are preferred for different workloads
Source: IBM Market Insights, Cloud Computing Research, July 2009. n=1,090
Database and application-oriented workloads emerge as most appropriate
Infrastructure workloads emerge as most appropriate
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© 2010 IBM Corporation
Building a smarter planet
Cloud computing framework
Bus
ines
s pl
anni
ng /
lifec
ycle
m
anag
emen
t ser
vice
s
Shared middleware services
Infrastructure services
Industry-specific services
Inte
grat
ed s
ervi
ce
man
agem
ent a
nd s
ecur
ity
Cloud-based business solutions for industry- specific processes
Virtualized and optimized systems
storage and networking
IT services that are integrated with cloud services
Application infrastructure for delivering cloud
services
Business services delivered via the cloud
Integrated capabilities for visibility, control, automation and security of cloud services
Capabilities to define an enterprise architecture for
business planning/alignment and tools for managing the lifecycle of cloud services
Process services
Collaboration services
Analytics services
Existing services and third-party services, partner ecosystems
…
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© 2010 IBM Corporation
Building a smarter planet
Ready-to-consume cloud services from IBM
IBM Smart Business on the IBM CloudBusiness processes BPM BlueWorks Smart business expense
reporting on the IBM Cloud
Collaboration IBM LotusLive
Desktop and devices IBM Smart Business Desktop on the IBM Cloud IBM Smart Business End User Support
Development and test IBM Smart Business Cloud for development and test
Infrastructure Compute IBM Smart Business Cloud for production workloads
IBM Managed Security Services IBM Tivoli Live
Infrastructure storage IBM Information Protection Services
Software as a Service IBM WebSphere Application Server IBM WebSphere sMash IBM WebSphere Portal
IBM DB2 IBM Informix Dynamic ServerLotus DominoLotus Web Content Mgmt
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© 2010 IBM Corporation
Building a smarter planet
Businesses that implement cloud computing services from IBM are seeing significant results
Risk & Compliance30,000 + employee bank deploying a private cloud from IBM to centralize management of desktops via an enterprise class data center rather than at the user stations.
Gets greater remote flexibility without sacrificing control.
Capitalizing on new efficienciesReduced labor and infrastructure need to develop and deploy new services.
Decreased new application deployment time from 10 weeks to less than 1 week.
Accelerated business transformation.
Smart Business Test CloudCreated a self- service, flexible and secure environment to develop, port, test and validate their software on standard systems and middleware.
Improved time to market, higher quality and reduced costs.
Time to ValueCreates an ecosystem for 3rd Party developers.
Reduces developer effort to deploy a work environment with seamless.
Large Financial Services Provider
in the United States
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Large Financial Services
Provider in Asia
Large Financial Services Provider
in South Africa
Large Global Payments Provider
© 2010 IBM Corporation
Building a smarter planet
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Making cloud computing real
Clear economic
valueIntegrated and open
Secure and ready for business
Designing for
simplicityGlobally relevant
New economics with new trade-offs
Business flexibility
results from IT flexibility
Demanding greater speed, control,
security and transparency
New technology
experiences with faster
time to market
Need solutions that work and are
supported consistently.