Posts tagged ‘data analytics’

The Cloud World Forum visitor ticket is now officially published! #CloudWF

The Cloud World Forum 2015 visitor ticket is here! Download for the full agenda, speaker line-up, exhibition news, sponsor list and NEW visitor features…

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Download your copy to view the full agenda, speaker line-up, exhibition news, sponsor list and NEW visitor features. Start planning your day at the Cloud World Forum, taking place on the 24th and 25th June 2015 at Olympia Grand, London.

DOWNLOAD YOUR VISITOR TICKET HERE!

 

Co-located with Enterprise Apps World, the Cloud World Forum 2015 theatres respond to the investment areas and trends discussed on 100+ calls with C-Level IT decision makers, operations and development teams, as well as the market’s leading technology pioneers.

The show’s content powers the digital enterprise through best practice in Cloud, IoT, DevOps, Data Analytics, Security and Comms & Collaboration end user case studies, as well as much, much more.

By expanding the show’s content in 2015, we ensure need-to-know information is delivered to meet the demands of the senior IT professionals attracted to our show.

This year there is a particular focus on enterprise application development and mobility, with a dedicated DevOps and Containers theatre, as well as two theatres running throughout the 24th and 25th June within Enterprise Apps World.

The Enterprise Mobility Strategies and Enterprise App Development theatres focus on strengthening organisations’ mobility, application and API strategies, in addition to teaching developers how to achieve that necessary edge in the lucrative and increasingly competitive enterprise market!

See you in June!

The Cloud World Forum Team.

REGISTER FOR YOUR FREE EXPO PASS HERE.

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80% of banks to replace core systems “within five years” #CloudWF

Four out of five banks believe they will have to replace their core banking system in the next three to five years, with nearly 90% in favour of including SaaS or cloud based services as part of the infrastructure, according to a new survey of senior bank executives.

In the report, Invigorating Banking, sponsored by fintech firm Five Degrees and carried out by Finextra Research, the results revealed strong support for core system replacement and renovation. Some 83% of respondents believe their bank’s existing core technology can no longer support its needs. A further 89% believe that it is inevitable that banks rapidly modernise processes and IT to avoid losing market share.

“You cannot become a digital bank without core systems renewal; you cannot renew core systems without using cloud for data management; you need to consolidate data in the cloud to be able to perform effective data analytics; and when you’ve renewed core systems through the cloud to perform data analytics, then you can innovate,” said Chris Skinner, report contributor and independent financial consultant.

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Many banks planned to respond by working with new technology providers, even where these have fewer customer references, so that the bank can ensure that it implements standard service oriented architecture (66%). A slim majority of banks still believe that IT is a unique selling point and will continue to rely on their own in-house development teams for niche technology that fits the bank’s strategy (61%). However, banks were split down the middle on whether to stick with their current technology provider, following its migration and upgrade process even if it would not provide the benefits of newer SOA technology (50% versus 50%).

There were also geographical differences in how the banks planned to respond to these challenges. While support for new cloud based platforms was strong overall, it was lowest in western Europe, where only 51% were strongly in favour, versus Asia Pacific, where the equivalent figure was 76%. Yet , across all banks, 97% believe that the bank needs to be able to offer new financial products and services faster.

On others areas there was virtually unanimous agreement. Some 97% of respondents agreed that security must be improved for customers due to the increasing risks associated with multi-channel technology. Likewise, overwhelming majorities supported the need to equip bank staff and customers to a higher level of self-service (97%). Unsurprisingly, 82% agreed with the statement that customers prefer an excellent mobile channel over a branch nearby.

However, there is still a place for face to face dialogue. Responses were strongly divided over whether customers prefer an efficient virtual dialogue over a personal one to solve financial matters (52% in favour, 48% against) – suggesting that banks are far from confident that the branch can be done away with entirely.

A number of obstacles to modernisation were identified in the report. One of the biggest was the difficulty of getting a sponsor at boardroom level (71%). Another was regulation: 67% believe their bank is too busy with regulation and compliance to think about innovation and modernisation. Yet at the same time, regulation also appears to be prompting change, since 92% of respondents believe that modernising their systems and processes is necessary to comply with constant regulatory change.

The threat of new entrants and disruptive competitors rate highly in the responses. Some 77% of respondents recognise new market entrants such as Google and Apple as a real threat that could steal their customers. Most respondents (56%) also felt that the digital only banks like Moven, Simple and Frank are a serious threat. However, the presence of new challenges is not necessarily seen as entirely negative – fully 88% of banks believe that new market entrants have a positive effect on the traditional banking scene by keeping banks focused.

Source: Banking Tech

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The Cloud World Forum will take place at Olympia Grand in London on the 24th – 25th June 2015.

It will feature 300+ speakers, many of whom represent the financial sector, including Thomas Naylor, CIO, Salamanca Group; Oliver Bussman, Group CIO, UBSJohn Finch, CIO, Bank of England and many more.

Don’t miss the chance to take advantage of all the knowledge and networking opportunities presented by EMEA’s only content-led Cloud exhibition.

Register for your FREE exhibition pass here!

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2nd edition Cloud World Forum preview brochure ready for download…

Cloud World Forum 2015
24-25 June 2015, Olympia Grand, London  
After four months of face to face and telephone research with over 100 C-Level IT purchasers and technology pioneers including our esteemed advisory board , I am ready to reveal the key agenda themes for Cloud World Forum for 2015.
Download the 2nd edition preview agenda here >>
Register for your free expo and conference pass here >>
Due to industry demand we will be bringing you 16 different ‘deep dive’ conference tracks devoting time to the critical areas highlighted through my research. Here they are:
  • Building Business in the Cloud: Powering Disruptive Businesses in the IOT World
  • Containers & DevOps: Revolutionising Cloud Application Development
  • Cyber Security: Securing Digital Transformation
  • Employee Experience: Not Just About Cost Savings: How Cloud is Powering Next Generation Workplaces
  • IOT & Big Data: Revealing the Impact of IOT & Big Data on the Enterprise
  • Data & Analytics: Monetizing Data in the Cloud through Predictive Analytics
  • Enterprise App Development: How Developers can Stand out in an Increasingly Competitive Market
  • Software Defined Everything: Introducing Future Investment in Software Defined Environments
  • Cloud Security & Data Governance: Data Governance, Privacy, Security & Identity
  • Comms & Communication: Delivering Seamless Employee & Customer Experiences
  • Enterprise Mobility Strategies: Delivering Cross-device Applications for Employees & Customers

(more…)

Cloud and Digital Services: Enabling Trading at the Speed of Light

Ahead of Cloud Asia, we speak to Rocky Scopelliti, Group General Manager, Industry Centre of Excellence, Telstra, Australia in order to determine some of the winning steps companies should be taking when approaching data analytics.

Rocky Scopelliti Head ShotWhen thinking about those companies that are successful in terms of their data analytics, there are inevitably some common characteristics in terms of their approach to them, and the company-wide policy with regard to them. Rocky is in agreement with this, stating that for these companies “their analytics support a strategic, distinctive capability, while the approach to, and management of, analytics is enterprise-wide”. What’s more, “Senior management are committed to the use of analytics; and the company makes a significant strategic bet on analytics-based competition”.

It’s not just the responsibility of the enterprise, however; ICT organisations have a vital role in enabling more competitive and effective data analytics, by creating an environment for them to succeed. Looking at a specific vertical – Financial Services – this is something that Telstra refer to as a Smart Connected Financial Services World. This, according to Rocky “will enable data analytics to benefit financial institutions; it will be used to respond to the changing competitive environment, and how the design of experiences will be valued by consumers, delivering growth. Demand for ‘trading at the speed of light’ and the need for shaving nanoseconds of latency has seen organisations like Telstra make significant investments in cable systems linking global markets and exchanges”. Trading at the speed of light is paramount, where a fraction of a second can cost millions. As global technology infrastructure develops even further, consumers across all verticals will inevitably become more demanding – what will be next, retailing at the speed of light? Data mining at the speed of light?

Looking specifically at what Telstra can offer to enable a Smart Connected Financial Services World, they have a wide range of cloud and leading edge digital services to enable institutions to reduce risk, improve productivity and create growth. When discussing this, Rocky makes the point that “Our research demonstrates that there is very strong customer demand for the personalisation and convenience that relationship managers typically provide. Unfortunately, direct relationship management is relatively expensive and is typically restricted to very high value customers”. However, there are several options: “Contact.Me brings together the best of a virtual IPA and a real, but remote, relationship manager in a single, engaging interface. Also we have Branch.Me, which is all about personalising the customer’s experience while they are visiting the branch – should they opt in for this level of service. In terms of a personalised customer experience, we have Digital.Me, it isn’t just about using analytics to help the customer manage their finances more easily and effectively, it’s also about creating a platform that will allow providers to offer new services that customers will value”.

Finally, talk turns to this November’s Cloud Asia event, where Telstra are the exclusive Enterprise Cloud Partner. Rocky’s reasons for Telstra’s participation at this important industry meeting place are that “Cloud Asia brings together new insights from leaders breaking new ground. I look forward to contributing my thought leadership on how Cloud can create new business models to compete in an increasingly data-fused environment”.

We look forward to it too. You can join Rocky, and all our event participants, by registering today. With a free-to-attend expo, and complimentary conference passes for enterprise, make sure you’re part of the conversation.

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Social Media, Mobility, Analytics & Cloud #cloudasia

Achieving Business & IT Agility through Advanced SMAC Technologies…

This year’s opening plenary and 3 dedicated streams in Enterprise ensure the opportunities and challenges surrounding the 3rd Platform’ Technologies: Social, Mobility, Analytics and Cloud are comprehensively covered!

Achieving true enterprise mobility is about more than deploying cloud computing. Cloud is the powerful platform needed to achieve business and IT agility, however cross device enterprise application management, integration of communication and social media, as well as data analytics are the game changers for the successful enterprises, SMEs and Start-Ups of the future.

Recognising the unification of these ICT trends and opportunities, Cloud World Forum Asia combines new case studies from across the SMAC: Social Media, Mobility, Analytics and Cloud landscape in the APAC region.

SMACView more information about the 5th edition Cloud World Forum Asia by visiting: www.asia.cloudworldseries.com.

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