tekfinancial solutions® a division of tekmark® global
TRANSCRIPT
TekFinancial Solutions® A Division of Tekmark® Global Solutions, LLC
Cloud Services Overview
100 Metroplex Drive Edison, NJ 08817 ph. 732-572-5400 www.tekfinancialsolutions.com100 Metroplex Drive Edison, NJ 08817 ph. 732-572-5400 www.tekfinancialsolutions.com
William Adiletta, President732-572-5400 Office
917-859-8545 Mobile
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Agenda - Cloud Services Overview
TekFinancial Solutions Overview
What is Cloud Computing– The New Service Delivery Model
Complexity and Cloud Computing
Cloud Computing Advantages / Disadvantages
Questions Clients ask about Cloud Computing
Cloud Computing – KPI’s of the new paradigm
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TekFinancial Solutions® Overview
Panelist: William Adiletta, President, TekFinancial Solutions
Division of Tekmark® Global Solutions, a global company with 19 domestic and international locations, founded in 1979.
Financial vertical specializing in value-added solutions with subject matter experts in banking, brokerage, asset management, and hedge funds.
TekFinancial Solutions offers our clients market leading insights into best practices to leverage emerging technologies such as Cloud Computing for cost reduction and competitive advantages.
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The Collapse of Complex Systems
Complex societies collapse because, when stress arrives, those societies have become too inflexible to respond.
Why didn’t these societies just re-tool in less complex ways?
It is because they cannot.
When the value of complexity turns negative, the inability to react and the tendency to remain as complex as ever ultimately lead to collapse, which is simply the last remaining method of simplification.
“When society’s elite members add one layer of bureaucracy or demand one attribute too many, they end up extracting all value
from their environment.”
-Joseph TainterThe Collapse of Complex Societies 1988
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Cloud Computing a response to Complex Systems?
Is Cloud Computing a response to Complex Systems?
History proves that trying to take a new paradigm and forcing it to an old model is a formula for missing the value of the new technology and ultimately failure.
Examples of paradigm shifts and 5 9s: – Web hosting– Cell Phones– Windows OS
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What is Cloud Computing?
Cloud Computing often called “IT delivered as a Service” (ITaaS) generally refers to the abstraction of computing, infrastructure, and storage resources accessed remotely in which the costs are incremental
Cloud Computing paradigm variations can include:
Hosting
Utility Computing
Managed Services
SaaS / IaaS / PaaS / HaaS
Co-location (specialized clouds, i.e. low-latency facilities)
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Cloud Computing Advantages
Incremental capital costs
Incremental scalability costs
Lower start-up costs
Faster time-to-market
On-demand resources
Per-user billing
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Cloud Computing Disadvantages
Loss of control
Inflexibility
Limited IT support
Lack of Transparency
Data breaches and losses
Cloud services enter firms outside of IT control
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Questions our clients ask about Cloud Computing
What are the risks of Cloud Computing:
Long term viability of the company
Use single or multiple clouds
Reliability Controls
Security
Transparency
SLAs
Regulatory Compliance (PCI, HIPPA)
SAS 70 Type I & II sufficient? What is on the “list”?
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Cloud Computing – KPI’s of the new paradigm
KPIKPI Objective Objective ImprovementImprovement
Services - Average Time to Market
100-1000 fold improvement
One month to one minute
Average Cost Per Service Delivered and Supported
10-100 fold improvement $50 to $1.50
Service Range, Richness and Adaptability
10-100 fold improvement 5-50 services per customer
Revenue Enhancement Up to 10-fold revenue increase
$2-$100 per customer per 3rd parties
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Translating KPIs Into An Actionable Timeline: A Simplified View
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Clouds - A Lesson in Verse
I’ve looked at clouds from both sides now
From up and down, and still somehow
Its cloud illusions I recall
I really don’t know clouds at all
Joni Mitchell
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Thank you!