Cloud computing service providers to "IOE" to help finance IT transformation

The financial industry It transformation needs the spoiler, needs the cloud computing public service to carry on the change. Let the financial industry's it construction from the information to the Internet. In the future, financial institutions will not need IT infrastructure, to "IOE" is the first step, cloud computing technology will become the enterprise to "IOE" the best solution. The internet will become the infrastructure that provides computing services to tens of thousands of financial institutions as data centers, and the financial industry's products and services are hugely innovative as a result of cloud computing technology.

Cloud computing public services to "IOE" first financial industry will benefit

The so-called "IOE" is to go to IBM, Oracle, EMC abbreviation, the three are overseas it giants, including IBM on behalf of hardware and the overall solution provider, Oracle Representative database, EMC representative data storage.

Due to the advantages of foreign manufacturers in technology and products, IT systems of financial institutions use the hardware and software architecture of well-known foreign manufacturers, IT system is almost ioe monopoly. It is based on this feedback and security considerations prompted the Ministry of Industry to "IOE" to achieve autonomous control, the establishment of the Banking Regulatory Commission at the end of last year to encourage the bank's core technology localization, including banking systems and large-scale mainframe equipment localization, The aim is to promote changes in core technology controlled. "Prism" event "for national information security sounded the alarm, to the" IOE "played a catalytic role, although no financial institutions have made a clear-cut commitment to" IOE ", but the subtle changes have revealed its concerns about external security and potential changes, domestic data center services will have a broader space for development.

Financial industry IT systems and equipment localization of the momentum has been able to be felt, according to industry estimates, in financial institutions 100 billion to 200 billion per annum in the IT market share, software services, domestic manufacturers market share should be more than 50%, in addition, "IOE" Implementation has also become an important consideration for financial institutions to choose cloud computing service providers.

In the domestic cloud computing market, Lenovo, Huawei, Shanda, Ali, Baidu, the few giant manufacturers, Ali is the earliest to "IOE" company. 2008, Jian joined Alibaba to become the group chief architect, with the technical gene and the scholar demeanor Jian in Alibaba Group proposed is called "IOE" movement, and completed in December 2012.

Cloud computing public services to "IOE", not only to solve the problem of using foreign products or technology, for the financial industry, first of all, cost reduction is the first to see. In the past, corporate organizations needed to buy expensive servers, packaged software, and maintenance contracts, and now they can implement system support with inexpensive, highly available, and available services. In addition, in Jian see, to "IOE" brought about by the fundamental change is "in the internet age, not only the Internet enterprises, the vast majority of enterprises to compute demand through the IOE provided by the technology to meet, IOE constraints on the long-term development of enterprises; The technology path relies on specialized hardware devices that are more dangerous The commodity PC architecture that can be bought anywhere is the safest for Ali and most businesses in the long run. ”

Aliyun's cloud computing public services have been targeted at the financial industry's huge financial data, customer data and financial data, high sensitivity, high confidentiality and other characteristics, providing the financial industry-specific cloud computing solutions, first of all by the scale, technology, cost, The ability of the regional banks to export cloud computing services is limited by many factors such as manpower and the difficulty of it transformation. Cloud computing public services for regional banks to "IOE" the help and benefit is particularly prominent, jian that "in theory, as long as the computational capacity is enough," IOE "will be able to remove!" but actually "going to IOE" has technical challenges and risks. For the vast majority of businesses, "go IoE" is not simply changing the software and hardware itself, replacing old hardware and software with new hardware and software, but replacing the old way with a new way of using cloud computing to revolutionize the IT infrastructure. "This is primarily a regional bank that cannot be achieved on its own, and regional banks that change IT infrastructure through cloud computing can advance financial information and financial innovation."

Cloud computing public Service promotes innovation in financial industry

Cloud computing technology brings thinking to the financial it change, which makes the whole IT industry adapt to the trend of development, save cost and shorten the financial business cycle for the financial industry.

Many of the resources in the banking system are flexible, such as funds, precious metals transactions, electronic payments, and net bank transactions, which can reach the total volume of transactions in a single day when trading is hot. Therefore, the banking system capacity planning is fully taken into account the peak trading, but this in the normal time there is a large transaction waste, Taobao "double 11" activity, for example, trading volume in a few minutes may reach the total volume of the whole year, the need for system services to improve the capacity of 10 times times, "Double 11" Before the start of the bank a large number of IT resources required flexible deployment, "Double 11" after the IT resource requirements to reduce the need for rapid migration back, this kind of migration needs of rapid and imperceptible, so flexible and rapid resource scheduling to play a full role, cloud computing technology, so that the bank IT system has the ability to integrate resources, Let the system have sufficient elasticity, can dispatch 10 machines at any time to improve service capacity, to ensure the sudden demand for transactions, as well as a variety of unexpected factors caused by the surge in trading volume.

According to authoritative news, Aliyun will work with Alipay to promote the "Cornucopia" project aimed at regional banks, in order to make up the majority of small financial institutions in the card holders can also enjoy safe and convenient internet financial services. Regional banks can improve the competitiveness of banks by changing projects to obtain flexible expansion, low-cost, secure and reliable cloud computing services. In addition, Ali will combine professional financial product solutions providers (Financial ISVs) who provide specific service development and maintenance for these regional banks, while Alipay provides substantial support in financial technology and services.

Aliyun is reducing the development and it costs of network payments through public services in cloud computing, and by partnering with ISVs, small and medium-sized banks will quickly advance the development of new business on the web. It is believed that the future financial institutions will move more and more businesses to the cloud computing platform, with the help of cloud computing innovative products to improve market competitiveness and profitability.