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Building new architecture versus moving calculation is limited in the time it takes to run and progress and share their settings and results easily.
existing on-premise architecture to the cloud the number of vCPUs it can use. An effective and easy-to-use multi-user mode helps
Migrating a mature enterprise software package reduce the cost of running enterprise risk in the
to the cloud is a formidable challenge. A complex User collaboration in the cloud cloud through more effective collaboration and
project with tough deadlines and budget limitations With typical cloud applications, there is no need to data sharing.
often causes a project’s leadership to take the path share query or calculation results between users –
of least resistance and simply transplant existing the application performs each query or calculation Summary
software architecture to the cloud by relying on the anew because the overhead costs of storing the Migrating to the cloud entails much more than
Infrastructure-as-a-Service (IaaS) offering of their results exceed that of repeating the call to the moving existing on-premise applications to
cloud provider. This option results in migrating the function that produces them. virtualised servers hosted by cloud IaaS providers.
application by merely creating its mirror image in the In enterprise risk, using the application is a Only by embracing true serverless cloud technologies
cloud, with each on-premise server migrated to its collaborative process, and multiple users can work can firms leverage the full benefits of the cloud in
virtualised cloud counterpart. This approach requires together to produce or analyse the same complex, reducing the development and operational costs of
few changes in the software itself for the migration. CPU-intensive reports. In a well-designed enterprise enterprise risk. ■
In the long run, this deprives organisations of risk cloud application, users can view each other’s
the tremendous value and potential of true cloud
technologies such as Docker, Kubernetes, Amazon AWS and Azure
Web Services (AWS), and Lambda, Fargate, Step
and Azure functions. The advantages of true cloud
technologies include lower development and
operating costs – due to the use-based billing
model of the serverless cloud – and superior
scalability and flexibility.
By implementing serverless cloud technologies,
CompatibL was able to reduce the infrastructure cost
of CompatibL Risk Cloud deployment in the AWS
cloud by an average of 62%, and in the Azure cloud
by an average of 72% compared with deploying the
same application in an on-premise data centre. This
cost advantage was made possible by leveraging true
serverless cloud technologies rather than running the
existing application on virtualised servers.
risk.net 2
Sponsored Q&A
Seamless integration
Drivers of and barriers
to cloud adoption
Siarhei Niaborski, executive vice-president of risk at CompatibL, discusses the rate of cloud adoption in the capital markets industry
and its possible drivers and barriers, how firms can derive maximum value from cloud usage and the criteria on which firms should
determine their choice of cloud model
risk.net 4