Cloud Computing Applications and Benefits for Small Businesses .docx
Understanding Cloud Computing & Its Relevance to Financial Software Solutions
1. Understanding Cloud
Computing & Its
Relevance to
Financial Software
Solutions
Author: Zan Zannettou
Disclaimer: The views and opinions expressed in this presentation are those of the author.
4. “Marc Benioff: Cloud computing is a technology model that refers to anything
that involves delivering services over the Internet. The idea rests on something
we call "multi-tenancy" and it's easy to think of it as an apartment building,
where the tenants of the building share common costs such as building security
or the laundry facilities, but they still have locks on their doors and the freedom
and ability to design their
apartments as they wish”
Cloud Computing – Various Definitions In The Market Place
“Larry Ellison: Is a platform that may run standard based software (such as OS and
DB), applications, and may be used as a development and execution environment.
It's based on a distributed computing stack which is scalable, must be virtualized,
and provides resource elasticity. It may be available on a public basis, or it may be
available on a private basis."
“Official: Cloud Computing is Internet-based
scaled computing, whereby shared resources, software and
information are provided to computers and other devices on-
demand, like electricity. It enables banks to move from a
capital intensive cost model to one which is based on the
consumption of technology.”
5. Capital Intensive IT Model vs. Consumption of IT Model
TIME
ITCAPACITY($$$)
Actual IT Usage
Allocated
IT Capacity
“Waste“ of IT
Capacity
“Under-supply“
of IT Capacity
“Waste“ of IT
Capacity
Load Forecast
7. Usage
Compute
Time
Average
Inactivity
Period
On & off workloads (e.g. batch job)
Over provisioned capacity is wasted
Time to market can be cumbersome
Compute
Time
Average Usage
Unexpected/unplanned peak in demand
Sudden spike impacts performance
Can’t over provision for extreme cases
Average Usage
Compute
Time
Successful services needs to grow/scale
Keeping up w/ growth is big IT challenge
Complex lead time for deployment
Compute
Time
Average Usage
Services with micro seasonality trends
Peaks due to periodic increased demand
IT complexity and wasted capacity
Workload Patterns Optimal For Cloud Computing
8. “A recent survey by Aité Group of senior technology executives at financial institutions found that
cloud computing holds the potential to redefine the relationship between IT departments and
financial institution business units. 50 percent of those surveyed responded that they were likely or
highly likely to use private clouds in the next 24 months.”
Cloud Computing According to Market Analysts
“Gartner predicts that by 2016 more than 60% of banks worldwide will process most of their
transactions in the cloud. That growth in cloud adoption will be driven by a poor return on equity.”
“A recent joint SAP / Ovum survey polled 400 Financial IT decision-makers, where 80 per cent said
they agreed with the idea that cloud services helps organizations act more quickly on new
opportunities, while another 79 per cent said they felt cloud services also helps new entrants
move into the market more quickly. Over the next year, 42 per cent of IT decision makers at banks
said they expect to make more investments in the cloud.”
9. SAP – TCO Analysis on Cloud vs. OnPremise
Extensive study by
SuccessFactors & Ariba, SAP Cloud
Businesses
Clients Revenue Break Even
start of Year 4 with Cloud Services
Typically Treasury, Risk
Management and Banking
Software licensing duration is 10+
years
11. Overcoming the Confusion on Cloud Computing
Public Cloud
Private Cloud
Hybrid Cloud
Infrastructure as a Service (IaaS)
Community Cloud
Platform as a Service (PaaS)
Software as a Service (SaaS)
Compute as a Service (CaaS)
12. Explained - Cloud Computing Options
Private
(on-Premises/3rdParty)
Storage
Server HW
Networking
Servers
Databases
Virtualization
Runtimes
Applications
Security & Integration
Bankmanage
Infrastructure
as a Service
Storage
Server HW
Networking
Servers
Databases
Virtualization
Runtimes
Applications
Security & Integration
Managedbyvendor
Bankmanage
Platform
as a Service
Storage
Server HW
Networking
Servers
Databases
Virtualization
Runtimes
Applications
Security & Integration
Managedbyvendor
Bankmanage
Software
as a Service
Storage
Server HW
Networking
Servers
Databases
Virtualization
Runtimes
Applications
Security & Integration
Managedbyvendor
17. • SOC – Formerly SAS 70 Type II Accreditation
• The highest available recognition that examines the procedures and controls
that manage and protect the exchange and processing of customer data and
financial information
• Rigorous evaluation services by expert consultancies i.e. EY
Cloud Service Accreditations
18. Case Studies : Deploying Financial
Software Solutions on the Cloud
19. Some Case Studies
- HPC for Credit Risk Simulations
- Rapidly provision Devp. & Test Servers
20. Cynics of the Cloud Computing Business
Have Now Embraced Its Value!
21. Remember Larry Ellison’s past comments, well here he is a number of years later
at Oracle OpenWorld 2014 on Oracle’s Cloud offerings!