The winds of change are blowing strong across the financial services sector. Customer expectations for highly personalized and flawless services have never been higher. Non-traditional competitors are coming on fast, and they thrive on using technology to drive disruption.
The heavy hand of regulation continues to put pressure on profits, and new requirements such as precision time-stamping for transactions must be addressed. Cyber-security attacks are increasingly damaging, as the industry has become the favorite target of cyber criminals.
Having the ability to be agile with your automation tools has never been more important.
Yet for many in the financial services sector, the ability to capture the next wave of opportunity is stymied. Their rigid, inflexible IT infrastructures are a formidable impediment to moving quickly in the digital economy.
What firms need is a more agile network. A network they can count on to be there, automatically and instantaneously, for every application and service, everywhere in the world. A network that is aware of the services it delivers, and has the ability to adapt dynamically to changing conditions.
These requirements change the fundamental assumptions of how networks are built and delivered, and are making a service-aware network the foundation of business agility. By adopting new technologies and processes, such as service-aware networking and DevOps, firms can improve performance, lower costs, and build an infrastructure that will remain flexible and agile.
How do you get to a service-aware network?
A service-aware network starts with a simple, open, and smart architecture. Simplifying the network means fewer devices and fewer layers, eliminating complexity, increasing performance and scale, and easing operational overhead. A service-aware network is smarter, changing to meet application and service needs dynamically and securely, and is ready to serve, whether it’s millions of customers or complex calculations. An open network gives IT greater flexibility to add new applications and services to the network as the business evolves, and delivers a lower cost of ownership than being locked into a proprietary network and someone else’s priorities.
Financial services firms are looking to leaders in the digital economy that have embraced DevOps practices, and are working to apply these principles to their own development and operations teams to move boldly while mitigating risk.
Automation and orchestration are also essential to achieving greater efficiency, and freeing up IT resources for more strategic processes. Firms are using automation to dynamically align data center resources with application needs while eliminating repetitive, error-prone manual work.
Building a service-aware network means embracing change at all levels, but change is essential for the industry to continue to innovate in the face of new competitors, regulatory oversight, and well-organized security attacks.