6.10
Case II: Consideration of Constructing Enterprise Cloud
Service Platform from Financial Industry Perspectives
Synopsis:
1.
Should CEO of a financial corporation consider constructing an enterprise
cloud services platform?
2.
Innovative cloud services applications for Financial Industry
"
Cloud computing" is a buzzword from the technology industry. The heads of information
services are most likely the first ones who have the opportunity to learn about this concept.
IaaS and PaaS are the couple of the more mature cloud applications in the past few years.
The early stage cloud development did not give the decision makers in the enterprises to
take a serious look of the potential innovative applications that can be generated on the
cloud computing platforms for their strategy. The progress was merely regarded as a
technology evolution and is of concern only to the CIOs.
In reality, cloud computing represents not a highly innovative information technology, but the
integration of several hardware and software technologies in the past few years, such as
Software as a Service (SaaS) application and the public cloud services like Amazon's AWS
or IBM SCE. On one hand, it can reduce the entry barrier to information technology, allowing
enterprises to focus on the innovation of supply chain value. On the other hand, it can
effectively shorten the time to market for new products or services of the enterprise or
organization from concept to the market place. This development began to be accepted by
the industry for the industry to consider how to use the new platform to promote the
transformation of the business model.
In the following, from an actual case of a very crucial financial market provider (FMP) in
Taiwan, we will learn how it could assess and develop its own cloud strategy as well as local
applications via examining the challenges of operations and bottlenecks for growth, and
referencing the development tracks of similar industry or new emerging industry.
6.10.1
The thinking of cloud computing facilitated the transformation of
business model
The limitation of financial auditing and the openness to the international market of the
Taiwan financial industry are considered conservative as compared to that of the other world
financial centers. Many local FMPs are refrained from non-essential investment in
