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TekFinancial Solutions ® A Division of Tekmark ® Global Solutions, LLC Cloud Services Overview 100 Metroplex Drive Edison, NJ 08817 ph. 732-572-5400 www.tekfinancialsolutions.com William Adiletta, President 732-572-5400 Office 917-859-8545 Mobile
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2 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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3 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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4 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 Tainter The Collapse of Complex Societies 1988
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5 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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6 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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7 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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8 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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9 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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10 Cloud Computing – KPI’s of the new paradigmKPIObjectiveImprovement 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 improvement5-50 services per customer Revenue EnhancementUp to 10-fold revenue increase $2-$100 per customer per 3 rd parties
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11 Translating KPIs Into An Actionable Timeline: A Simplified View
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12 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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13 Thank you!
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