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Podcast

How banks are solving the cloud complexity conundrum

Part of the On Cloud Podcast series

For most banks, cloud complexity is growing. The key to reining it in lies in identifying risk, becoming more agile, and changing the organization's culture to become cloud-fluent.

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A view from Red Hat on how banks can rein in growing cloud complexity

As both banks and regulators have accelerated their move to cloud, complexity has significantly increased. In this episode, David Linthicum talks with Red Hat’s Dr. Richard Harmon about how banks can rein in that complexity and leverage cloud to better meet regulatory requirements and manage risk. According to Richard, identifying critical failure points and adaptability play key roles, but the biggest determinant of success is an enterprise-wide cultural shift to a cloud-centric world.

 

Complexity really requires [banking] institutions to look at a phased approach as they move into these new environments.

Dr. Richard Harmon is the global head of financial services at Red Hat. He has over 25 years of experience in capital markets. with specializations in risk management, advanced analytics, fixed income research, and simulation analysis. 

 

Taming cloud complexity chaos

To manage cloud complexity effectively, leading practices include increasing agility while focusing on improved governance, automation, and data architecture.

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How banks drive innovation and business value with cloud

For banks, cloud adoption is increasing, but their motivation is changing. Now it's about enhancing the customer experience and increasing business value. Cloud-enabled technologies like machine learning are a big reason for the shift.

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Cloud, in context

Cloud is more than technology. It’s about making cloud work for your business. Our hosts, David Linthicum and Mike Kavis, deliver their unique perspectives around the technology, business, and culture of cloud to help you achieve your cloud goals. Topics range from an enterprise-level, strategic look at cloud to practical information on the people, processes, and technology that can make cloud work better for your organization.

David is a top cloud influencer and author of 13 books plus thousands of articles on cloud. Mike is the author of two books, including the recently published Accelerating Cloud Adoption, and won the 2010 AWS Global Startup Challenge. They know cloud. Listen to the Deloitte On Cloud podcast to get the information you need to achieve your possible with cloud.

Contact us at cloud@deloitte.com for information on this or any other On Cloud podcasts.

Or visit the On Cloud library for the full collection of episodes.

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