Hybrid cloud and data analytics: maturing the model
21 August 2017
Steve Short, Atos (centre); Neil Winchester, Dell EMC (right) and Wayne Bartlett, Microsoft (left)
Business analytics and cloud are strategic assets in the drive to modernise the way in which financial organisations think, act and respond to the market.
Yet very few have a value-driven analytics strategy in place or access to the skills internally to deliver it. Why and what can they do about it?
Analytics is not well organised in many organisations
Analytic initiatives are often fragmented. The larger the organisation, the more fragmented the picture. Centralise and Business lines complain that they aren’t getting the service they need. Federate and costs go up, different software is used and methods are not standardised.
Business Leaders are not natural analytics strategists
Leaders are often ill-equipped to translate a business objective into terms on which analytics can deliver actionable insight, so their data scientists struggle to define the right use case and data to deliver. These initiatives can fail to deliver substantive benefits and lose support.
Technical skills are at a premium
Financial Services-experienced data scientists are scarce. The UK the candidate pipeline is well below demand, reflected in soaring salaries for the most seasoned.
Expectations run ahead of capability
Faced with the enormous possibilities and software packages which visualise datasets instantly, senior executive expectations soar ahead of their people’s ability to fulfil them.
1. Champion all analytics efforts
Big data projects often deliver incremental benefit but, taken together, make a major difference. Championing many small analytics efforts and measuring their impact makes sense.
2. Recognise that culture change is important
Analytics takes long term cultural change as well as rare, smart skills applied to data on clever technology. It takes leadership from the top and sustained investment to re-orientate a firm to embed the exploitation of data.
3. Know where you want to improve
Once embedded, analytics can drive strategy and operations. Processes become more intelligent. Operations can be automated. Customers can be nurtured to yield higher returns. Risks are better monitored and neutralised.
Hybrid Cloud: asking the right question
Analytics as a Service in hybrid cloud configurations is not new. Early adoption by Marketing and Product champions showed how insight could be applied to improve revenue yields and cut wasted cost. Finance, HR and Compliance followed suit. Then, business unit leaders started to grasp the possibilities.
Great strides in the global supply, reach and security of public cloud have been made. Microsoft and others offer boundless capacity. Some are building ecosystems of partners, platforms and applications as services which have created new options for business users and technologists.
So ‘What kind of cloud?’ and ‘What kind of analytics?’ are the two linked questions that business leaders now have to answer.
The breadth of cloud options now available mean that it has become a variable for each kind of workload. The economics of cloud are changing in parallel, accelerating the direction of travel towards greater adoption of public cloud.
Data proliferation and access make the first challenge for business people how to master what Analytics can now do, how to test and prove value, then how to scale up to reap business rewards.
Simplifying the complex
Atos, Microsoft and Dell EMC bring the benefits of data analytics delivered on hybrid cloud to financial services organisations through Atos’s Hybrid Cloud for Financial Services – Data Analytics solution. Services are fully managed by Atos and incorporate private and public cloud services from Dell EMC and Microsoft.
This end to end solution helps organisations formulate an effective hybrid cloud analytics strategy, identify the highest potential areas for performance improvement, prove business value by building and testing a set of use cases then scaling up and integrating them at enterprise-scale.
Atos Codex is the family of Atos analytics assets, capabilities and skills and includes its high-performance analytics platform, Advanced Analytics consulting, development and delivery methodologies and services.
Atos creates the capability to deliver high-impact analytics across the hybrid cloud running workloads on Dell EMC’s Cloud for Microsoft Azure Stack, allowing Azure to be deployed in both an on premise and public cloud environment seamlessly across an organisation.