Leveraging Public Clouds for Financial Services Workloads

Leveraging Public Clouds for Financial Services Workloads

Many industries are learning to leverage cloud resources to help the solve the challenge of ever increasing, and uneven, demands for computationally-based analysis. With the growth of available data, advanced algorithms, competitive pressures, government regulations, and shrinking deadlines, the analysts and IT organizations within these institutions are struggling to find ways to meet these demands. This case study highlights one example of a financial workload and how it was moved to a public cloud. Specifically, we describe the CCAR regulatory analysis that motivated the project; we review the technical and organizational challenges associated with migration to the cloud; and we summarize the rewards of leveraging new approaches and using the cloud to resolve these problems. These challenges include security concerns, relationship to existing process, costs, technical experience, vendor choices and more. The rewards include delivering faster response to the business, improving overall operating efficiency, and driving improved business practices. Based on this initial success, several other time-sensitive workloads were migrated to a public cloud, thus enabling the organization be more responsive to customers and stakeholders. Download and let us know what you think...

Cloud Computing Business Benefits & Technical Details Behind Fortune 500 Manufacturing Simulation

I want to share an insideHPC slidecast interview about an Enterprise-speed Cloud run we did for HGST (a Western Digital company). But first, let’s take a quick look at the business benefits of Cloud cluster computing. Because this particular run was record-setting and included a Fortune 500 manufacturing company, we’ve received a lot of attention & press coverage about it (The Register, ZDNet, EnterpriseTech, HPCwire, etc.). A lot of the focus has been paid to how Cycle Computing was able to enable a 70,000+ core run so quickly. But behind the scenes, it’s maybe even more important to understand what the business benefits are that are driving Cloud cluster computing adoption. The Business Challenge The business challenge for HGST was common to other manufacturing companies: How do we accelerate common business functions, to help reduce design cycle times? Solution & Benefit: For HGST, speed & agility for its research and development efforts are of paramount importance. When Cycle Computing found out about the run on a Wednesday, it was able to accomplish all of the set-up, and complete the entire Cloud computing run by the weekend. This particular workload traditionally has taken about one month to complete in the past running on internal clusters. By leveraging Cloud computing, the workload ran from start to finish in about eight hours. And the total cost of this run was only $5,500. Manufacturing workload: Design Optimization of >1 Million designs Project Agility: From project idea, to completion – about four days Time Savings: From 1 Month to 8 hours Value: Only cost $5,500 Technical Details: There are a lot of exciting things...