Leveraging cloud computing to drive innovation
In part one of our series on leveraging cloud computing, we noted that IT often fails to bring the full benefits of cloud to the table. To address this issue, we suggested that businesses apply a holistic view, assess and analyze the current situation and develop recommendations.
The table below outlines our assessment of the maturity of the cloud strategies of 14 large clients in the financial services sector.
Most clients have successful cost optimization. This achievement marks further optimization of traditional infrastructures through building private cloud solutions and the use of software-as-a-service. Businesses are also investing in application innovation, and often, they’re re-investing funds they’ve saved from reducing traditional IT and using them instead on cloud-native applications and advanced analytics. These activities are often point solutions. While they help companies to optimize locally, they do not address the key business challenges.
Sustainable improvements require businesses to integrate traditional environments like systems of records (SOR) with cloud-native applications such as systems of engagement (SOE) and systems of interaction (SOI). Therefore, we suggest focusing on hybrid applications and cognitive delivery. These dimensions reflect the integration of the traditional environment with cloud and cognitive delivery.
Applying cloud throughout the enterprise
In the application sector, businesses can create value through hybrid applications that combine SOR with SOE and SOI. They should continue to develop cloud-native applications by leveraging existing core business systems. For most IT organizations, this will require developing traditional IT and providing corresponding investments.
Businesses can improve the agility and cost of infrastructure by supporting use-cases that integrate traditional IT with cloud delivery models. Examples include the use of reserve capacity for peak demands or the use of off-premise resources for backup and archiving.
To support an integrated environment, companies must build a corresponding service management environment which provides seamless end-to-end management on both the application and infrastructure level.
Cognitive delivery can empower businesses to do more. When a cognitive environment runs itself, it can dramatically reduce practitioner error, significantly improve service quality and provide automated infrastructure flexibility.
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