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Redefining Perspectives 12th edition Session 1


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Session 1:
Topic: Cloud Computing in Capital and Commodity Markets: Past, present and future
Briefly recap technology innovations that have led to the emergence of the Cloud as a major IT imperative, and examine future possibilities that support its wider adoption. We will review how Cloud technologies are currently being leveraged in the industry, and more specifically, how companies in the capital markets and commodities realm are leveraging them.
Explore factors to be mindful of while planning Cloud adoption for the enterprise and also develop a high level roadmap for moving services to the Cloud.

Speakers: Dixit Patel, Vice President Technology, Sapient Global Markets (London) and Sudip Dasgupta, Director Infrastructure, Sapient Global Markets (London)

Published in: Technology
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Redefining Perspectives 12th edition Session 1

  1. 1. Redefining Perspectives A thought leadership forum for technologists interested in defining a new future
  2. 2. The Past, Present and Future of Cloud Computing in Capital and Commodity Markets Session 1
  3. 3. Dixit Patel Vice President Technology Sapient Global Markets (London) Dixit brings over 20 years of consulting experience across various industry sectors. He specializes in enterprise architecture planning and IT strategy In his current role he is responsible for all solution delivery projects for the Sapient Global Markets European business
  4. 4. Sudip Dasgupta Director – Infrastructure Sapient Global Markets (London) With over 15 years in the industry, Sudip is an expert in infrastructure design and operations including capacity planning, design of high availability and disaster recovery architectures, and network designs He has also designed compute, storage and network architectures for high-end infrastructure solutions including multiple virtualisation technologies
  6. 6. 1. What is Cloud Computing? • Definition and History • Architectural Components of Cloud 2. The Cloud Market 3. Cloud Adoption • Drivers and Challenges 4. Planning for the Cloud 5. Q&A Topics 6© COPYRIGHT 2014 SAPIENT CORPORATION
  7. 7. What is Cloud Computing?
  8. 8. A Definition for Cloud Computing “Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.”1 8© COPYRIGHT 2014 SAPIENT CORPORATION Note 1: Source: National Institute of Standards and Technology, US Department of Commerce Essential Characteristics Delivery Models Deployment Models Broad Network Access Rapid Elasticity Measured Service On-Demand Self-Service Resource Pooling Software as a Service (SaaS)Platform as a Service (PaaS) Infrastructure as a Service (IaaS) Private Hybrid CommunityPublic Multi-tenancy
  9. 9. Recap of the Technology Developments The cloud is not an overnight phenomenon • The history of cloud technology can be traced back half a century 9© COPYRIGHT 2014 SAPIENT CORPORATION 1960s 1962 1972 1998 2006 20091990s 1999 2006 2008 John McCarthy devises notion of timesharing for organizations to use the same mainframe simultaneously JCR Licklider introduces the "Intergalactic Computer Network” (networked time- sharing apps) IBM releases VM/370, its virtual machine OS for the System/370 mainframes Spread of the Internet sets the stage for an accessible public cloud VMware is founded and releases VMware Workstation the following year, virtualizing x86 pioneers the concept of enterprise apps over a website (SaaS) Sapient designs private cloud for one of the largest civilian IT programs AWS launches Elastic Compute Cloud (EC2),which becomes a widely used IaaS platform Sapient implements its internal private cloud, which is profiled in a VMware case study Google launches its Google Apps suite of cloud-based applications
  10. 10. Architectural Components of Cloud 10© COPYRIGHT 2014 SAPIENT CORPORATION CPU Memory NIC Disk Infrastructure Resources Hypervisor/VM Orchestration and Management Provisioning Monitoring Reporting Capacity Billing SLA Management Virtual Machine OS APP Virtual Machine OS APP Virtual Machine OS APP Virtual Machine OS APP Virtual Machine OS APP Security User Creation of new instances on demand using templates Full stack monitoring and alerts Analytics and reporting on usage Elastic scalability for “burst” workload profiles Mapping of required SLAs to achieved results Ability to meter usage and charge-back (pay-per-use)
  11. 11. The Cloud Market
  12. 12. The Cloud Market: An Increasing Trend 12 © COPYRIGHT 2014 SAPIENT CORPORATION Source: Forrester Research, 2011 and Gartner, 2010 The worldwide market for cloud services is estimated to be worth over $140 billion today • Financial Services, Government, Manufacturing, and Communications /High-Tech account for over 2/3rd of the cloud market • Within Financial Services, Trading Organizations lag behind retail and corporate banking divisions • Energy firms lag behind their financial services counterparts in adoption
  13. 13. What the Cloud Market Looks like 13© COPYRIGHT 2014 SAPIENT CORPORATION Source: Forrester Research, 2011 • SaaS is the leading segment of cloud computing followed by IaaS, both in terms of current adoption and future growth • Public cloud markets account for about $80 billion • The market is expected to continue growing at over 20%
  14. 14. Cloud Adoption
  15. 15. Key Drivers for Adoption within Trading Organizations • Cost management • Configuration management • Maintenance • Standardization • Agility and speed of deployment • Financial management • Cap-ex to op-ex • Regulatory compliance and transparency • Trading organization market shift post credit crunch • Simplification and rationalization of business models 15© COPYRIGHT 2014 SAPIENT CORPORATION
  16. 16. Key Challenges for Adoption within Trading Organizations • Complex in house enterprises requiring re-architecture • Security and data privacy requirements • Integration / Interoperability • Service quality – Performance, Availability • Complex governance and management • Commercial model complexity 16© COPYRIGHT 2014 SAPIENT CORPORATION Source: IDC Enterprise Panel, 2009 and Forrester Research, 2009
  17. 17. Planning for the Cloud
  18. 18. Planning for the Cloud – Steps to Follow 18© COPYRIGHT 2014 SAPIENT CORPORATION DISCOVER “Understand the type and size of the opportunity” TRANSFORM “Transform your enterprise with a transition to cloud” OPTIMISE “Implement cloud characteristics with existing private infrastructure” Key Considerations Risks to the business Assess your application portfolio Comparison with internal hosting option Availability and reliability requirements Develop the cloud operating model Business case development Analysis of cloud vendor’s products Cloud vendor assessments Performance expectations Socialise impact on the infrastructure lifecycle Example Vendors
  19. 19. Planning for the Cloud – Functional View 19© COPYRIGHT 2014 SAPIENT CORPORATION Within Capital Markets and Commodities: • Back office applications will lead the way • Middle office will follow. They will benefit from elastic compute capability • Front office trading will be pre-dominantly on-premise • Functions like equities trading are latency- sensitive and benefit from private infrastructure, near exchanges
  20. 20. Planning for Cloud – Potential Target Model 20© COPYRIGHT 2014 SAPIENT CORPORATION Public Cloud Public Cloud Private Cloud Hybrid Cloud Public Cloud Hybrid Cloud Public Cloud
  21. 21. Client Server Virtualisation Virtual Desktop Public Cloud IaaS SaaS Notes UK-based Tier 1 Investment Bank Investment Banks: Most of the server estate is virtualised. Extensive use of virtual desktops, including in some cases thin terminals. Use of SaaS for key applications like CRM. Large Tier-1 Investment Bank Capital Markets Start-up Cloud solutions provide a low barrier to entry for start- ups Italian Integrated Energy Company Commodities Trading Organisations: A lot of the server infrastructure is virtualised, but there is opportunity to drive this higher. The firms are starting to push virtual desktop to control costs and administration effort VMware and Citrix are main virtualisation technologies. Large Germany-based Utility Large UK-based Utility What have we seen with our clients 21© COPYRIGHT 2014 SAPIENT CORPORATION
  22. 22. Thank You