Are technical debt and legacy systems paralyzing your cloud migration efforts?
Our agile approach will facilitate your cloud migration in 30 days or less.
Banks and financial institutions are considering migrating to the cloud because:
- customer expectations are higher than ever
- the explosive data and application needs
- finance ecosystems are dependent on speed, agility and cost containment
In this ebook we describe how we overcome technical debt. Legacy technical debt isn't going anywhere. The common way to solve for it is 'lift and shift', but we have found that this isn't practical in most cases.
Our ideal approach to cloud migration to retire technical debt is to bring the cloud to you and your current architecture rather than attempting to change the architecture and applications to make them cloud ready. Since fulfilling thousands of complex transactional events is the name of the game for banks, the best approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies.
Our ideal scenario for every financial institution is to have the control needed to reach the ideal cloud destination in 30 days or less. A hybrid cloud strategy made possible by Anthos will pave the way for a “cloud native first” destination architecture that adapts to all future data flow needs.
Lift and shift is not always effective.
The cloud migration model of lift and shift doesn't maximize the potential operational benefits of a hybrid cloud set-up for a bank. Hybrid cloud strategies become complicated and risky in using the current outmoded cloud strategy approach because it doesn't solve for the risks around cloud management, regulatory compliance, security, cost containment, migration time, technical debt.
Lift & shift is not always effective
That often ineffective orthodoxy revolving around the lift and shift migration model cannot maximize the potential operational benefits of a hybrid cloud set-up for a bank. Hybrid cloud strategies become complicated and risky in using the current outmoded cloud strategy orthodoxy because of the following challenges associated with the tran- sition:
This eBook will provide bank IT teams with a fast yet agile path while avoiding the challenges and costs associated with current cloud migration practices. Here is what is covered in this ebook:
best approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies. Since fulfilling thousands of complex transactional events is the name of the game for banks, thebest approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologiesSince fulfilling thousands of complex transactional events is the name of the game for banks, thbest approach is to pull these events from the edge of the network and beyond to the current system architecture in a way that it can be easily managed. That enables you to meet the transaction event flow needs with the current technology and control the pace of digital transformation to newer technologies
1. Banking Challenges
- How to overcome technical debt
- How to create effective hybrid and multi cloud strategies
2. Reasons Why Banks are Reluctant to Move to the Cloud
3. There's a Better Way than Lift and Shift
4. Benefits of Modernizing in Place for the Cloud Journey:
- Boosted scalability
- Agility of events, micro services and asynchronous interaction
- Greater product innovation
- Long-term cost savings
- Improved security
- Overcoming technical debt
- Effective hybrid and multi cloud strategies
