Deutsche Bank Conquers the Cloud

Deutsche Bank Conquers the Cloud

Considering the dynamic, constantly-changing nature of cloud computing, “conquering” it may be an exaggeration; however, that was the title bestowed onto Deutsche Bank by its peers in the Open Data Center Alliance (ODCA). Late last month, the ODCA announced that Deutsche Bank won the “Conquering the Cloud Challenge,” a competition to identify best practices for cloud and data center solutions.

The ODCA is an independent IT consortium comprised of several reputed companies who have come together “to provide a unified customer vision for long-term data center requirements.” It has twelve members on its Board – BMW, Capgemini, China Life, China Unicom, Deutsche Bank, JPMorgan Chase, Lockheed Martin, Marriott International, Inc., National Australia Bank, Terremark, Disney Technology Solutions and Services and UBS. Intel is the technical advisor to the Alliance.

Deutsche Bank’s entry “Identity Management in the New Hybrid Cloud World,” involved an Infrastructure as a Service (IaaS) development platform called Ultra Low Cost Developer Service that can host up to 2,000 virtual machines and is built inside a shipping container. The judges commented that it tackled a difficult problem, clearly described a technology implementation and showcased an effective approach to cloud computing that can be leveraged across organizations. Using this system, end-user costs are cheaper for each developer than running a dedicated PC for development, besides substantially reducing enterprise storage costs (Details about the system can be found here ).

We were very impressed with the caliber of entries we received, further underscoring the level of work and expertise invested in cloud computing among ODCA members,” said Ravi Subramaniam, principal engineer at Intel Corporation. “Deutsche Bank’s entry not only demonstrates true innovation, but also provides a clear and concise approach to deploy and measure cloud success. Most importantly, we feel these practices can be emulated by other organizations looking to implement effective cloud computing solutions.

Other than Subramaniam, the panel of judges included Jan Drake, principal cloud architect for Disney Corporation; Frank Gens, senior vice president and chief analyst at IDC; Ben Kepes, analyst, entrepreneur, commentator and business adviser; and Jeff Perdue, senior scientist at Carnegie Mellon University and co-director of the Cloud Service Measurement Initiative Consortium.

Learning from others has enabled us to develop and deploy our own unique approaches to the cloud. We are honored to be selected as the winner of the ‘Conquering the Cloud Challenge’ and proud that we are able to share our insights and continue to help this industry grow,” said Andrew Stokes, Chief Scientist of Deutsche Bank’s Global Technology team.

I have earlier written about how healthcare and financial institutions are a bit cagey about entering the cloud (See: Health Care’s Reservations about Cloud Computing  and What NYSE’s Adoption of Cloud Computing Means for the Industry). Under such circumstances, Deutsche Bank’s practice augurs well for cloud computing’s acceptance in high finance.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/
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