Bank of America-Infographic
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This document discusses the bank's IT strategy around software defined networks (SDN). SDNs can program networks using ordinary software and standard servers, which allows for automated, simplified and flexible networks. The bank holds annual technology summits to identify emerging technologies from startups, with 15% of presenting companies becoming vendors. It also aims to streamline its data centers and eliminate costs for network ports, servers and other infrastructure. The goals are to align IT with business needs by focusing on delivering business goals, managing risk and contributing to profitability rather than just managing infrastructure. Efficiency efforts are expected to save over $500 million annually by 2019.
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ADLINK And InfluxDB Deliver Operational Efficiency For Defense Industry With ...
ADLINK And InfluxDB Deliver Operational Efficiency For Defense Industry With ...
Bank of America-Infographic
- 1. IT STRATEGY SDN Background F R O M O L D T O N E W Did you know? David Reilly started as a nightshift operator cleaning the printer bands with a toothbrush. "The executive who faces the consumer business and delivers the infrastructure the consumer business needs, happens to run the mainframe and the ops team for the whole company" Software Defined Networks can be programmed using ordinary software on commodity servers with standard operating systems. Automated. Simplified. Flexible. B A N K O F A M E R I C A R U S S F R O M , A D A M S C H U E R M A N , N I C K R I N D T INNOVATION Annual Technology Summits where venture capital companies bring emerging technologies. 15% of presenting companies have gone on to be vendors of the bank STREAMLINE The data centers often to eliminate cost for network ports, servers, storage, desktops, etc. Netflix has 3.14 petabytes of video A L I G N I N G I T W I T H T H E B U S I N E S S "Workers aren’t judged based on the number of boxes they manage, or how virtualized an environment is. Rather 'How am I delivering against the goals of the firm, how am I managing risk, and how am I contributing to overall profitability?'" "When technology infrastructure efficiency efforts are completed in 2019, we will save more than $500 million in annual costs. We continue to identify and pursue this type of simplification and efficiency, every day throughout the company."