Redefining Perspectives A thought leadership forum for technologists interested in defining a new future

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1 Redefining Perspectives A thought leadership forum for technologists interested in defining a new future

2 Session 1 The Past, Present and Future of Cloud Computing in Capital and Commodity Markets

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 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

5 THE PAST, PRESENT AND FUTURE OF CLOUD COMPUTING IN CAPITAL & COMMODITIES MARKETS Dixit Patel and Sudip Dasgupta May 2014

6 1. What is Cloud Computing? Definition and History Architectural Components of Cloud Topics 2. The Cloud Market 3. Cloud Adoption Drivers and Challenges 4. Planning for the Cloud 5. Q&A 6

7 What is Cloud Computing?

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 Broad Network Access Rapid Elasticity Measured Service On-Demand Self-Service Multi-tenancy Essential Characteristics Resource Pooling Infrastructure as a Service (IaaS) Platform as a Service (PaaS) Software as a Service (SaaS) Delivery Models Public Private Hybrid Community Deployment Models Note 1: Source: National Institute of Standards and Technology, US Department of Commerce 8

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 John McCarthy devises notion of timesharing for organizations to use the same mainframe simultaneously IBM releases VM/370, its virtual machine OS for the System/370 mainframes VMware is founded and releases VMware Workstation the following year, virtualizing x86 Sapient designs private cloud for one of the largest civilian IT programs Sapient implements its internal private cloud, which is profiled in a VMware case study 1960s s JCR Licklider introduces the "Intergalactic Computer Network (networked timesharing apps) Spread of the Internet sets the stage for an accessible public cloud Salesforce.com pioneers the concept of enterprise apps over a website (SaaS) AWS launches Elastic Compute Cloud (EC2),which becomes a widely used IaaS platform Google launches its Google Apps suite of cloud-based applications 9

10 Security Architectural Components of Cloud Virtual Machine Virtual Machine Virtual Machine Virtual Machine Virtual Machine Orchestration and Management Creation of new instances on demand using templates APP APP APP APP APP Provisioning Full stack monitoring and alerts OS OS OS OS OS Monitoring Analytics and reporting on usage User Infrastructure Resources Hypervisor/VM Reporting Capacity SLA Management Elastic scalability for burst workload profiles Mapping of required SLAs to achieved results CPU Memory NIC Disk Billing Ability to meter usage and charge-back (pay-per-use) 10

11 The Cloud Market

12 The Cloud Market: An Increasing Trend 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 The worldwide market for cloud services is estimated to be worth over $140 billion today Source: Forrester Research, 2011 and Gartner,

13 What the Cloud Market Looks like Public cloud markets account for about $80 billion The market is expected to continue growing at over 20% SaaS is the leading segment of cloud computing followed by IaaS, both in terms of current adoption and future growth Source: Forrester Research,

14 Cloud Adoption

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

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 Source: IDC Enterprise Panel, 2009 and Forrester Research,

17 Planning for the Cloud

18 Planning for the Cloud Steps to Follow DISCOVER Understand the type and size of the opportunity Key Considerations OPTIMISE Implement cloud characteristics with existing private infrastructure TRANSFORM Transform your enterprise with a transition to cloud Assess your application portfolio Risks to the business Availability and reliability requirements Performance expectations Cloud vendor assessments Analysis of cloud vendor s products Business case development Comparison with internal hosting option Develop the cloud operating model Socialise impact on the infrastructure lifecycle Example Vendors 18

19 Planning for the Cloud Functional View 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 latencysensitive and benefit from private infrastructure, near exchanges 19

20 Planning for Cloud Potential Target Model Public Cloud Private Cloud Hybrid Cloud Public Cloud Public Cloud Hybrid Cloud Public Cloud 20

21 What have we seen with our clients Client Server Virtualisation Virtual Desktop Public Cloud IaaS SaaS Notes UK-based Tier 1 Investment Bank Large 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. Capital Markets Start-up Cloud solutions provide a low barrier to entry for startups Italian Integrated Energy Company Large Germany-based Utility Large UK-based Utility 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. 21

22 Thank You