In Red Hat’s Vertical Industries blog, we’re adding another important commercial segment: energy— encompassing utilities and smart grid as well as oil and gas. For companies in these industries, business is not for the faint of heart. These markets are operating in global economic turmoil, undulating price swings, increased competition, and ever-changing regulatory environments.
Perhaps no vertical illustrates volatility and global competitiveness better than the financial services industry. The global recession has taken its toll; slow growth, customer distrust and a more aggressive regulatory environment. Financial services companies need modern technologies that foster dynamic business operations—technologies like open, hybrid clouds with software-defined networking (SDN) that provide responsive and reliable infrastructures so financial services companies can succeed in today’s global, competitive, regulated and highly dynamic market.
Moving applications to the cloud is where things start to get interesting. That’s because applications designed for traditional IT infrastructures are fundamentally different than those designed for cloud. After all, cloud isn’t just cheap virtualization. Applications really need to be re-architected for the cloud, otherwise all of cloud’s benefits won’t be realized.
At its annual summit last week Red Hat announced the winners of the ninth annual Red Hat Innovation Awards. The awards honor Red Hat customers, partners and communities for their outstanding and innovative use of Red Hat solutions.
At last week’s Red Hat Summit, there was plenty of news for companies across industries, including financial services, telecommunications and healthcare firms—and the news reflects Linux’, and open source’s, place in the data center. As Red Hat’s Paul Cormier, executive VP and president, products and technologies, told attendees, “Linux has won in the data center. Now on to the rest of IT.”
Cloud has won the hearts and minds of enterprise IT shops across industries, and they’re looking for next-generation telecommunications services to support these cloud computing environments. As such, telecommunications providers need to embrace the distributed nature of cloud-based service offerings, to launch network services targeted for cloud applications, improve operational agility and responsiveness, and reduce complexity and costs.
Telcos are already making moves. According to a 2013 KPMG survey, 76 percent of financial executives from telecommunications firms consider the cost-reduction opportunities of the cloud to be strategically important to their business. But more needs to be done.
The healthcare industry is undergoing a significant transformation, thanks to the Affordable Care Act (upheld again today, this time in a 6-3 Supreme Court decision). There are also ongoing pressures to reduce cost. All of this is forcing healthcare companies to rethink their business models and supporting IT systems, according to new analysis from Frost & Sullivan. The findings are part of Frost & Sullivan’s report, “The Future of IT in the Healthcare Industry in North America, Latin America, and Europe.”
This week, the 10th annual Red Hat Summit gets underway in Boston. The open source technology event, which premiered in 2005 in New Orleans runs June 23-26 at the Hynes Convention Center. There will be more than 170 sessions and labs, 8 keynotes, parties, and receptions to showcase the latest and greatest in cloud computing, platform, virtualization, middleware, storage, and systems management technologies. There will, of course, be presentations specifically tailored for the verticals: financial services, telecommunications and healthcare and life sciences.
When you sit down and talk cloud with IT and business executives at financial services companies, the conversation shifts between public clouds and security concerns to more flexible, on-demand computing resources and new revenue opportunities, and beyond. For the most part, financial services institutions are still new users of cloud computing, and many are still developing their cloud strategies—but those leading the way are quite knowledgeable about the risks and rewards.
There’s no question DevOps is more than technology. DevOps is a trifecta of people, processes and technology. Its goal is to help IT organizations across industries, including telecommunications, more quickly deliver optimal services, best meet the needs of their internal and external customers, and foster innovation. But what are the technology pillars in a successful DevOps initiative?