While taking a break, I took the opportunity to revisit my financial portfolio and considered picking up the phone and setting up an appointment with my financial analyst. But, wait a minute; I had received a communication recently from this institution about the availability of a machine-like interface where I can interact with a faceless agent who can provide me guidance on making financial decisions. Really? Who is behind this interface? Who is really thinking on my behalf? How capable is this person? Can I trust this “thing”? These were the thoughts that went through my mind as I pondered over my next step. Welcome to the world of Robo Advisors, the world of logic and algorithms and mathematical calculations that can have a direct impact on your own finances. Intrigued? Well, I am not surprised. I reached out to my colleague, Anthony Golia, the Chief Architect for Financial Services at Red Hat to have a conversation around this technology as well as the pertinent human and emotional perspectives that it could entail. Join me as I take you through this new world of financial advisors.
When MyRepublic decided to overhaul its legacy IT architecture, it went all out for open source. The internet service provider (ISP), based in Singapore, chose Red Hat OpenStack Platform for its Infrastructure-as-a-Service (IaaS), along with several other Red Hat solutions. Now, the ISP’s IT architecture is more flexible and scalable. Thanks to the simpler, automated deployment, it also can deliver new services more quickly and generate more business. And it reduced hardware costs by 30% and cut year-on-year TCO by double-digit percentages. You can read more about MyRepublic’s use of Red Hat solutions in its new cloud-based platform in this case study, and hear about the implementation in this video.
Why do telcos and OpenStack go so well together? What opportunities can telcos realize through an OpenStack implementation? And how does NFV, cloud and 5G fit into the telco business model? Red Hat’s vice president of telecommunications, Darrell Jordan-Smith, joined Stu Miniman, senior analyst at Wikibon and John Troyer, chief reckoner at TechReckoning, in “The Cube” at OpenStack Summit this past May to talk telco and OpenStack.
To meet customer demands and stay ahead of the competition, organizations must become adept at quickly delivering applications that meet customer needs while increasing efficiency and saving money. This three-part, on-demand webinar series shows you how to do just that, by modernizing the legacy applications you have today and building cloud-native applications for tomorrow using microservices, DevOps, and containers.
“When we speak of free software, we are referring to freedom, not price.”*
We all know about the benefits of open source software. Many in the development community within the financial services industry believe that the contributions of a community of developers providing extensive peer review help deliver a more secure, reliable and stable product. The ability to more rapidly deploy new versions provides fertile ground for innovation and collaboration. It is not surprising that open source has gained in popularity among the world’s leading financial institutions and that the developer community sees that the benefits can go beyond the Linux operating system. Virtually every component in the applications software stack may now be sourced from open source software. So, what is the value of an enterprise subscription to open source solutions?
As businesses modernize and transform to keep pace, developers are looking for tools to improve agility and productivity throughout the application development life cycle. To remain competitive and flexible, today’s solutions need to allow for secure cloud integration and the opportunities that containers can provide. Join us for an August 2nd webinar to learn how using OpenShift on OpenStack for your cloud application platform can expand your developer toolkit.
With today’s rapidly changing market conditions and the complex regulatory and technology landscape, financial institutions constantly struggle to quickly and accurately calculate and predict risk. They are often hindered by legacy risk calculation platforms that:
- Can’t be easily updated to meet constantly changing market conditions and compliance requirements, or to more accurately predict a risk profile
- Can’t scale to handle the massive volume of data that must be stored for compliance purposes
- Don’t provide the speed and accuracy required by today’s users
- Often run on expensive proprietary vendor software and hardware platforms
Where do we stand with OpenStack today, and what’s on the horizon? Red Hat’s Radhesh Balakrishnan, general manager for OpenStack, joined SiliconANGLE in “The Cube” at Red Hat Summit 2017 to outline steps for implementing OpenStack and what the future holds.
Network functions virtualization (NFV) deployments continue to grow in the telco sector. Top service providers from all over the world are moving to virtualize 60 to 80 percent of their networking functions in the next three to five years, including AT&T, China Telecom and Vodafone Germany, according to research from Light Reading. If you’re ready to get going on your NFV deployment, we have seven “must have” tips for an effective telco NFV deployment to help you get started, which Red Hat and Juniper Networks shared at the OpenStack Summit last month.
If you are a telecommunications provider, you are already using cloud technologies and most likely looking closely at network functions virtualization (NFV). So, you probably know that the move to cloud and NFV infrastructure can complicate the delivery of high-availability services. At the recent OPNFV Summit in Beijing, Red Hat’s Aaron Smith and Pasi Vaananen took the stage to share a proof-of-concept (POC) project that gets right to the heart of the challenge. Turns out, delivering high availability services can be done.