Financial services is becoming a digital business, and that digital heartbeat brings with it many opportunities as well as significant challenges. Clients today are much savvier and have higher expectations for exceptional digital experiences, and traditional asset and wealth managers, banks and insurance companies are under intense competitive pressure, not only from one another, but from non-traditional entrants new to the market. To remain relevant, financial institutions need to deliver superior client experiences across channels, remain agile to navigate the changes, reduce costs and improve operational efficiencies, and most importantly, innovate. At the recent Gartner Symposium/ITxpo 2017 in Orlando, I shared how application modernization can help financial services institutions do just that.
Deploying network functions virtualization (NFV) offers a host of benefits for telecommunication service providers, such as lowering costs, increasing flexibility, and speeding time-to market. And some of the largest service providers in the world are already reaping those benefits, by transforming from big-iron networks to cloud-based, software centric virtualized networks. Join us for a webinar on Tuesday, December 12 at 11 a.m. ET to get your business on the path to NFV.
Open banking is rapidly changing how banks make information available to their customers. It is also accelerating the adoption of application programming interface (API) management tools to industrialize the deployment of public-facing APIs. My colleague Cheryl Chiodi recently wrote about the challenges and opportunities on meeting the directive by member financial organizations (you can read it here: Open Banking – How to Leverage Open APIs for Competitive Advantage in Financial Services). My post extends that discussion, focusing specifically on API security, and in particular the importance of open identity.
To gain maximum benefit from cloud transformation, communication service providers must evolve from virtualization of network functions to truly cloud-native design. This evolution delivers improved scalability, faster innovation and a more rapid response to customer demands. Join us for a webinar with Nokia on Tuesday, December 5 as we discuss requirements, benefits and use case examples of going cloud native with open source.
The beauty of open source software is that anyone can download the code and then install, configure and use it. The challenge is doing so in a production environment at scale. That’s what communications service providers (CSPs) face as they build out platforms at scale to operate cloud environments that serve millions of users. These cloud platforms include compute, networking and storage hardware as well as software to automate, manage, monitor and secure the platform.
Digital transformation is about using technologies to achieve agility, responsiveness, elasticity, and speed. According to Ross Turk, Red Hat’s director of product marketing, that means telcos and other companies can respond to business demands more quickly and take advantage of success when it happens. So, what role does storage have in all of this? During his presentation Storage and Your Digital Transformation at Red Hat Summit last spring, Ross shared planning principles and solutions for bringing digital transformation into the core of the datacenter.
Cloud computing continues to be a focus for IT departments in nearly every industry. IDC predicts* that by 2018, at least half of IT spending will be cloud-based, reaching 60 percent of all IT infrastructure, and 60–70 percent of all software, services, and technology spending by 2020. Of course, defining and implementing a simplified, fully automated private cloud can be challenging for telcos and others. Join us on November 15 to learn how to create and architect a private cloud environment for your business, using Red Hat Virtualization and Red Hat CloudForms.
As I was compiling all of the fantastic stories from financial institutions that Red Hat has partnered with to transform their business, I was in awe of the depth and breadth by which we are able to create real business impact for such a variety of leaders in the financial services industry. In our new eBook you’ll read of 15 different stories of transformation, innovation, automation, modernization and simplification. By balancing digital transformation with reliability, security features, and compliance — Red Hat has become a trusted adviser to leading financial institutions.
It’s been the stuff of science fiction and our imagination for years, but artificial intelligence (AI) is finally getting its due. Already used to express and understand human speech, drive autonomous cars, and interpret highly complex data, AI has the potential to revolutionize all aspects of our lives. But that’s only half the story. While there has been considerable attention paid to the algorithms and analytics that will comprise these applications, the question remains – what ecosphere will support this new form of life?
OpenStack has become a popular platform for telecommunications providers as they implement network functions virtualization (NFV), software-defined networking (SDN) and cloud. Remember that survey last year, in which 86 percent of global telcos consider OpenStack essential or important to their success? Sprint has made the move to OpenStack; in fact, the telco is using it as the foundation for NFV across its data centers to better support network demand, improve network throughput and set the stage for advanced network functions. At this week’s Openstack Summit in Sydney, Sprint took the stage with Red Hat to talk about its use of OpenStack for NFV.