What do a Bank and a Telecom Operator have in common?
I’m not an expert in banking or the FinTech industry, but simply as an observer, and I notice a lot of similarities with the Telco industry. We can already see a large number of FinTech startups around, but just a few next-gen telecom operators, it might just be a matter of time.
In a recent interview Tony Evans (Vice President, Global Financial Services, Juniper Networks) highlighted that the top three issues for CIOs at his customers in the financial services industry are: cost; agility; and risk. None of these are surprising, and will probably still be the big issues this time next year
It's interesting to think about how each of these areas of cost; agility and risk can be tackled by CIOs in the financial services industry.
Software Defined Networking (SDN) has been the the hot topic within network infrastructure industry for a few years now. We are now starting to see its influence not only in the data center, where SDN originated, but also within other areas such as core networks and enterprise services. Enterprise services is an area where SDN has real potential to impact services for end users.
Growth opportunities for service providers will come from selling other services (e.g. security) on top of a SD-WAN (especially to the under-served SME segment), and these should be delivered using SDN and virtual network functions. Only by offering additional services on top of SD-WAN will service providers be able to meet the customer requirements and grow their own business.
This past fall, Juniper introduced a new Cloud CPE solution, an exciting new addition to our Network Functions Virtualization (NFV) portfolio. This new solution empowers service providers to simplify the service creation process, reducing the operation from months to minutes by completely automating the entire service delivery workflow. Service providers can now introduce managed business services such as virtual CPE products, delivered on-premises or in the cloud, with a new level of speed and agility that greatly improves their value to enterprise customers.