Dear Readers – When hardware becomes software
Digitalization stops at nothing, not even itself. From pure computing capacity to technology infrastructure to complete enterprise services, these days everything is available via the net – now known as the cloud. And that means far more than the relocation of operational processes.
The computing power of the cloud is accessible and available to virtually everyone, giving it the potential to revolutionize all forms of competition. The cloud is not an option; the cloud is the way in which digital services are provided. To some extent today, and certainly in the near future.
The cloud has the potential to throw overboard all conventional cost accounting. The provision of digital services does not
entail high up‑front investment in hardware and infrastructure. The costs arise from operation – on demand and optimized to current needs (“from CAPEX to OPEX”). And providers are working with great intensity and delivering impressively on that potential. Even small users already have access to highly scalable and secure environments where they can realize innovations that were previously the province of large corpora-
tions with the right size budgets.
But, as with everything in life, we still have some homework to do before the cloud can be adapted to bridge the gap between its potential and what it can deliver. There are many important legal and regulatory issues, particularly for banks, insurers and other holders of sensitive data. Where are the data stored, what legislation are they subject to, does storage and processing comply with data protection provisions, what happens when a cloud provider is taken over, who bears ultimate responsibility?
Many lawyers will no doubt get rich off the back of these questions, but the issues are complicated rather than complex – and hence resolvable.
A further aspect is the software architecture of both new and existing solutions. Cloud solutions rely on fine‑grained services that are operated and orchestrated across many containers. First we have to master these new technologies; the migration of monolithic legacy applications is then the next challenge.
And then there’s the issue that the “cloud” doesn’t always mean the same thing. Each provider integrates its own solutions into its technology stack, so what happens when you want to switch providers? How can I avoid vendor lock‑in, and what restrictions will I encounter if I want to take a multi‑cloud approach,
The cloud will become part of
the mainstream because the advantages of cloud‑based services are irresistible.
None of these issues will prevent the cloud from triumphing. The cloud will become part of the mainstream because the
advantages of cloud‑based services are irresistible. And you can always call in an expert to help complete your homework. Our portfolio here at ti&m has a strong focus on the cloud. As a partner of the major cloud providers, we provide support across
the full spectrum of areas, from training through development of the optimal cloud strategy for your business to implementation of the latest cloud‑based applications. The ti&m swiss banking cloud addresses all your needs for a highly secure, compliant and local solution. And last but not least, all our products are not just cloud‑ready; our ti&m channel suite open service middle-
ware also provides the ideal backbone for cloud‑based enter-
This ti&m special features contributions from leading specialists and innovation leaders, who examine the cloud from a variety of expert perspectives. I hope you enjoy reading it and look forward to some stimulating discussions.
We’re ready for the cloud.
Innovation // Switzerland offers a unique ecosystem for innovation and successful business models. What are the key success factors and how can you benefit from them?find more information
Security // Password-based authentication is one of the biggest threats to cyber security, and accounts for over 80 per cent of all data protection breaches. Abolishing passwords not only increases security, but can also make users’ lives easier when making use of digital services. But what would the future look like without passwords? And how do we get there?find more information
Best Practice // Change, agile, cloud, digital transformation — these are no doubt among the most popular buzzwords of the moment, and describe our inherent desire for change, combined with our great hope for improvement. These buzzwords are often followed in the same breath by somewhat anxiety-provoking terms like disruption, open banking, fintech, neobanks, challengers, and so on. With this tension between hope and trepidation, what is the best way forward?find more information
Digitalisation and digital transformation are two very different things. The first is relatively straightforward and can usually be implemented without opposition; the second is a hugely difficult undertaking – especially for large corporations.find more information
Die Zukunft des Bankings liegt im Omni-Channel. Doch der Weg dahin ist gerade für kleinere Banken schwierig. Die Filialen haben darum nach wie vor ihre Berechtigung – wenn auch mit geänderten Voraussetzungen.find more information