EXTENT-2019: Cloud Technology

Cloud Technology
Ann Neidenbach
Chief Information Officer, Shared Services, LSEG

EXTENT-2019
17 September 2019, London

What benefits does cloud bring to the infrastructure? Why is cloud key to leveraging automation? At what stage are industry participants and regulators with acceptance and implementation cloud technology?

Watch this video to find out: https://youtu.be/aT8isl-KxqQ

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Transcript

1. Cloud Technology: EXTENT
   Ann Neidenbach
   17th September 2019
   Page 1
   

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2. What used to take months can now take weeks or hours
   The shift to Cloud
   Digitally transforming enterprises (63%) is the leading factor driving
   greater public cloud adoption followed by the pursuit of IT agility
   (62%) ~ Source : Forbes
   90% of companies are on the cloud with the average business running
   38% of its workloads in public cloud ~ Source : Hostingtribunal
   What used to be fixed based pricing, done well becomes consumption
   based pricing
   Cloud Technologies have matured to the point they can meet the high
   expectations of regulators and financial institutions ~ Source: Bank of
   England report on future of finance
   

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3. Cloud benefits
   TIME TO MARKET: Increasing speed of delivery/agility improving time
   to market for the businesses assisting on revenue production and
   margin improvement.
   QUALITY: Providing access to rich computing capabilities to enable
   development, testing and change, whilst improving quality and
   security.
   CAPABILITY: Providing access to vast R&D capabilities
   EFFICIENCY: Increased efficiency/cost savings by reducing
   maintenance overhead, taking advantage of significant scale,
   improved automation, and better reliability.
   EFFECTIVENESS: Enabling technology resource to shift focus from IT-
   intensive systems and service management to business
   process/platform management, business interfacing and customer
   servicing.
   

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4. The LSEG Cloud Program
   Cloud Service Provider (“CSP”) selection
   Migration planning (6Rs assessment)
   Foundational Tooling
   Cloud adoption is an LSEG board supported
   strategy with a target of 60% of service delivery
   and corporate computing operating in the public
   cloud.
   Cloud Service Provider (“CSP”) selection: LSEG is implementing a multi-
   CSP strategy and has selected 3 providers
   Workload prioritisation: Following an independent assessment of LSEG
   systems and applications, a business level review and prioritisation will
   take place. This will drive the migration schedule for 2019 and 2020.
   Minimum entry criteria enforced through the use of a foundational
   toolset intended to:
   • optimise TCO
   • adherence to security standards;
   • confirm compliance
   • A number of strategic tools have been selected for deployment:
   ▪ Cloud Health
   ▪ Datadog
   ▪ Dome9
   

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5. Governance, regulatory and compliance
   Contracts negotiated with CSPs have been benchmarked against the
   relevant regulatory obligations and guidance; standardisation of
   terms on this basis allows LSEG to be agnostic from a contractual
   standpoint when determining where to place workloads.
   Both the FCA and EBA have published guidelines for outsourcing to
   the cloud, these are being mapped to LSEG policies and traceability
   will ultimately be provided to the operating model.
   Technical
   Design
   Authority
   Legal, Risk
   &
   Compliance
   Business
   Strategy
   Delivery and
   Operations
   

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6. Institutionalising Dev/Ops mentality
   An automation driven operating model; an
   approach prioritising automation when moving to
   cloud and Infra as code to enable a DevOps
   organisation
   • A new operating model is being developed to
   support the pilot deployments on AWS.
   • A new testing strategy has been developed to
   validate key metrics as part of the migration;
   including performance, resiliency and
   availability.
   

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7. Cloud reality
   Business
   Governance &
   Security
   Technical Operational
   • Innovation possibility and lower barrier
   of entry
   • Improved Agility
   • Increased Capacity
   • Consumption based charging
   • Enriched User Satisfaction
   • SW Licensing
   • Security framework changes
   • Regulatory Compliance
   • Legal and procurement governance
   • Data Sovereignty
   • CSP Vendor Agreements
   • Architecture
   • Resilience and Disaster recovery
   • Technology Stack
   • Performance/Scale
   • Dependencies
   • Data Size/Velocity
   • Institutionalize DevOps mentality
   • Higher levels of Monitoring & Logging
   • Continuous development on guardrails
   • Change Management
   • People/Skills
   • Service Levels framework changes
   

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