CIS8000 Cloud Computing Presentation

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Project Proposal – A Cloud Computing Solution for Insuracorp Michael Crowe, Chief Information Officer

Agenda:

Agenda Scope Background of cloud computing What is cloud computing? The benefits of transitioning to cloud computing Risks and considerations Proposal Business Case Sensitivity Analysis Conclusion Lessons Learned References

Scope:

Scope Discuss ‘what is cloud computing’ and look at how we here at Insuracorp can best utilise this IT option moving forward. Uncover the advantages and risks of this IT solution Review financial modeling that outlines the gains Insuracorp stand to make from moving in to the cloud.

Background:

Background What is cloud computing? A model for allowing convenient, on-demand network access to a shared pool of configurable computing resources. A move away from the traditional dedicated resource Types of cloud computing Public - an elastic, cost effective means to deploy solutions, to leverage the provisioning and releasing characteristics of the shared computing resources pool.  Private - In a private cloud, the pool of resources are owned and managed by an organization for its internal users. Data and processes can be managed within the organization without the restrictions of network bandwidth, security exposures and legal requirements that may apply when using a public cloud. Hybrid - typically deploy non-sensitive applications and data to the public cloud, while keeping sensitive services and data in their control in the private cloud.

Background (cont.):

Background (cont.) The benefits of transitioning to the cloud: Increase productivity – Productivity increases through improved business processes with faster execution. The cloud also accommodates real time reporting and centralized data. Accommodation cost savings – Reduces accommodation costs through decrease in power requirements to run and store IT infrastructure. Achieve economies of scale – increase volume output or productivity with fewer people. Reduce capital costs. There’s no need to spend big money on hardware, software or licensing fees. Improve accessibility. You have access anytime, anywhere, making your life so much easier ! Reduce spending on technology infrastructure. Maintain easy access to your information with minimal upfront spending. Pay as you go (weekly, quarterly or yearly), based on demand.

Background (cont.):

Background (cont.) Cloud computing Risks: Security and privacy  — data integration and ownership concerns. Governance  — Cloud providers have overall control, not the client. Bandwidth  — network bandwidth is the most important component of the model without which the model is an illiquid asset . Staff  — cloud expertise will be difficult to keep as more companies jump on the bandwagon and want to profit from the price paid by early adopters.

Proposal:

Proposal Insuracorp should adopt hybrid model of cloud computing Initial expenditure of $8.75M Insuracorp is expected to gain benefits from Increased productivity Reduced infrastructure costs Reduced capital costs Expected Net Cash Flow of $16.2M after 6 years

Business Case:

Business Case

Sensitivity Analysis:

Sensitivity Analysis

Sensitivity Analysis (cont.):

Sensitivity Analysis (cont.)

Sensitivity Analysis (cont.):

Sensitivity Analysis (cont.)

Conclusion:

Conclusion To remain competitive in the current market, Insuracorp needs to keep on the forefront of technological advances. Cloud computing as a solution is proven to provide many benefits to companies that are realised as cost savings. For an estimated $8.75M up front, Insuracorp will being seeing a return after the first 2 years. It is time for Insuracorp to enter the cloud.

Lessons Learned:

Lessons Learned Cloud computing is a model for allowing convenient, on-demand network access to a shared pool of configurable computing resources . The adoption of cloud computing had seen increases in productivity through improved business processes with faster execution. Particular consideration should be given to security, privacy and governance when looking at cloud solutions. Bandwidth should also be a key concern for businesses who uptake the cloud, particularly public models of cloud computing.

Lessons Learned (cont.):

Lessons Learned (cont.) Legacy systems are costlier than companies are aware Targeted training and open communication are necessary strategies to onboard those struggling to see the benefits of cloud computing.

References:

References Armbrust , Michael, et al . "A view of cloud computing." Communications of the ACM 53.4 (2010): 50-58 . Buyya , Rajkumar , et al. " Cloud computing and emerging IT platforms: Vision, hype, and reality for delivering computing as the 5th utility." Future Generation computer systems 25.6 (2009): 599-616 . Computing, Cloud. "Cloud Computing." (2010).   Kim, Won, et al. "Adoption issues for cloud computing." Proceedings of the 7th International Conference on Advances in Mobile Computing and Multimedia . ACM, 2009. Kondo, Derrick, et al. "Cost-benefit analysis of cloud computing versus desktop grids." Parallel & Distributed Processing, 2009. IPDPS 2009. IEEE International Symposium on . IEEE, 2009. Marston, Sean, et al. "Cloud computing—The business perspective." Decision Support Systems 51.1 (2011): 176-189. Mell , Peter, and Tim Grance . "Effectively and securely using the cloud computing paradigm." NIST, Information Technology Lab (2009). Pearson, Siani , Yun Shen, and Miranda Mowbray. " A privacy manager for cloud computing." Cloud Computing. Springer Berlin Heidelberg, 2009 . 90-106 . Peng, Junjie , et al. "Comparison of several cloud computing platforms." Information Science and Engineering (ISISE), 2009 Second International Symposium on . IEEE, 2009. Rimal , Bhaskar Prasad, Eunmi Choi, and Ian Lumb . "A taxonomy and survey of cloud computing systems." INC, IMS and IDC, 2009. NCM'09. Fifth International Joint Conference on . Ieee , 2009.

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