Wednesday, December 8, 1999

4 Case Studies of FS Organizations’ Successful Journeys to Cloud


How did four economic services corporations remodel their enterprise by way of harnessing the price of cloud?

Cloud is the inspiration for a digital-enabled insurer. In this blog series, I’ve spoken approximately the cost, adoption, myths and challenges of cloud—with a focus on the brand new communication that’s rising in the insurance enterprise. We’re moving past speakme approximately cloud to taking actual action and seeing real rewards.

In this publish, I’ll have a look at 4 case research of financial services corporations that have efficiently made the journey to cloud—and training we can study from every of them.

Towergate Insurance

Towergate has emerge as one of Europe’s largest impartial intermediaries, usually via acquisitions. But boom has its cost and as greater businesses joined, Towergate’s IT surroundings multiplied to encompass loads of various structures, applications and processes.

Recognizing that it was time to alternate, Towergate embarked on a complete IT reboot and an formidable cloud migration attempt. Accenture partnered with Microsoft and Avanade to transform 4 key areas of Towergate’s infrastructure: facts middle and web hosting, network and telephony, quit-consumer computing and service guide.

In 12 months, Towergate became a cloud-primarily based virtual-enabled employer with seamless tactics. It connected four,500 personnel and united three hundred companies, and now generates 30 percent annual financial savings. Read the full story here.

Capital One

Accenture partnered with Amazon Web Services (AWS) to help US financial institution and credit facility, Capital One, relocate its flagship cellular banking software to cloud. In doing so, Capital One decreased its records center footprint from 8 to a few centers by 2018.

Capital One CIO Rob Alexander believes that “digital is the brand new bank department” and says in a video on the AWS platform: “We need to be amazing at constructing virtual reviews for our clients.”

“We need to be in the business of constructing remarkable applications for our customers, not to put money into building high-priced and complicated infrastructure,” Alexander says. He explains that Capital One chose AWS for its speed, elasticity, availability, protection, expertise and the width and breadth of its platform. Watch the entire video right here and study extra how Capital One used AWS cloud offerings via the distinct degrees of its development—from project to optimization.

Suncorp Group

Six out of 10 insurers update their legacy systems each 3 to six years, which will increase their overall cost of possession. Suncorp determined “no more.” The Australian FS organization decided to interrupt the cycle of refreshing its legacy systems and constructed a brand new commercial enterprise model using cloud.

In the procedure, it contracted its facts middle area by seventy five percent and decreased its application expenses. It followed a step-by way of-step technique to cloud migration: first it moved all its garage to cloud, followed by different workloads and packages.

Suncorp selected AWS to aid its cloud-first approach. In three months, the business enterprise released a running digital non-public cloud and virtual facts middle. Watch this video in which CEO Jeff Smith explains how the employer decided to move the entirety to cloud and then did it.

Accenture

Accenture’s adventure to cloud is a riveting story, which may be read in complete right here, and we are excited to proportion our key learnings with our customers. Today, Accenture is 92 percentage in the public cloud in our quest to come to be a digital-first organization. Furthermore, ninety five percentage of all new infrastructures are furnished without delay in the cloud.

Our three-yr adventure to cloud happened in three stages: adoption, optimization and transformation. So some distance, thanks to our successful cloud migration, we’ve carried out as much as 50 percent reduction in cloud provision lead instances; our cloud footprint increased from 9 percent to ninety two percent in less than 3 years; and we’ve seen a forty percentage bargain on cloud times over a one-yr term.

Watch this video where Accenture CIO Andrew Wilson demonstrates what it looks like to work in the cloud:

Learn greater via analyzing Insurance cloud: Strategic investment for Europe.

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