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CIOs Shouldn't See OpenStack and Public Clouds as an Either/ or Proposition
By Shelton Shugar, CIO, Barclaycard [NYSE:BCS-D]
Why is it Valuable to Enterprises?
OpenStack provides a hardware abstraction layer that allows the programming of infrastructure through APIs. The OS platform allows the simple provisioning of infrastructure like servers, networking and disk as well as cloud building blocks like availability zones, software-defined networking and monitoring. Many of the capabilities of public clouds are provided as part of the OS ecosystem.
Organizations in the financial services industry have leveraged OpenStack to accelerate development and infrastructure provisioning within their private clouds. Barclaycard has used OpenStack to fully automate the provisioning of application environments using build pipelines. The abstraction OpenStack provides, allows API driven configuration of all aspects of an applications ecosystem.
While the public cloud is very appealing, in some situations it makes sense to maintain private clouds or to combine both public and private clouds into one ecosystem. Many reasons exist for each option. The public cloud is great for many organizations but in some industries and with some workloads, a dedicated private cloud makes sense. In organizations like financial services, a mix of public and private clouds can be useful, especially when dealing with certain customer data or any kind of confidential/secret data. It can also be useful to run a private cloud when the elasticity of the public cloud is not needed or if workloads require very low latencies, especially when tied to a specific SLA. A private cloud might also make sense if the needed workload is not elastic and requires a constant fixed set of resources.
The hybrid approach is emerging in the financial services industry and we see OpenStack as a crucial tool for the foreseeable future
Combining Best of both Worlds
There is no question that the cloud is the future. Therefore, CIOs have an important job to guide major enterprises towards the cloud in a smooth, profitable way—utilizing the right technologies for the most effective applications.
The hybrid approach is emerging in the financial services industry and we see OpenStack as a crucial tool for the foreseeable future. With the FinTechs of the world driving faster, more efficient innovations across the industry, companies must continue to modernize infrastructures to ensure the best results for their customers.