Strategic corporate performance management solutions support the office of finance's efforts to manage organizational performance and strategy. Application leaders should use this Magic Quadrant to identify vendors that are a good match for their business needs.
Strategic Planning Assumptions
By 2020, at least 75% of organizations will seek to improve the accuracy and actionability of financial planning and analysis by using operational data from multiple business domains.
By 2020, at least 25% of organizations will achieve more collaborative, continuous and consistent financial planning and performance management by closely linking key operational and financial planning processes.
As the pressures of digital disruption force companies to either transform or die, companies in Asia’s BFSI sector are rushing to integrate cutting-edge technologies and roll-out innovative new services to their customers.
Fortunately, thanks to rapidly advancing technologies, developments in the regulatory landscape and the initiative of leading BFSI organisations, we are seeing incredible examples of innovation within the sector on a monthly, if not weekly, basis.
To celebrate this trend, we will showcase in this article a selection of the latest and greatest innovations offered by Asia’s leading BSFI organisations, which we believe represent the future of BFSI services not just in the region, but worldwide.
In today’s technology-driven world, a financial services organization’s ability to evolve the business quickly depends on the network. MetaFabric architecture, which is the foundation of Juniper’s unique end-to-end data center networking solution, helps financial services firms respond confidently to whatever happens in the market.
With an open, simple, and smart network in place, organizations can adapt quickly and seamlessly to changing requirements while eliminating the disruptions of forced upgrades and unnecessary purchases that come with vendor lock-in. Most importantly, the MetaFabric architecture helps companies stay at the forefront of innovation, keeping them one step ahead of the competition.
The digital financial services world has created an amplified set of challenges for the data center and network. Its role in enabling the success of the wider institution has become even more critical, but to deliver this it needs to provide a higher level of performance with increased agility, while maintaining high levels of efficiency and security.
This is forcing institutions to transform their underlying IT capabilities, with the need to simplify the network, obtain more flexible connectivity, automate IT operations, and enable centralized control and administration being core strategies in this respect. As shown in Figure 8, this is driving a number of requirements for the future network. Key considerations for financial institutions in architecture design and vendor selection should be around moving toward a software-defined, intelligent, cloud-ready, and open network that enables the institution to meet its ICT imperatives and achieve these key ICT strategies.
Businesses increasingly recognize that their customers and workers are engaging in ways that were inconceivable when their essential applications were first architected, according to Chris Rechtsteiner, vice president of marketing for ServerCentral. “A group in one country has to have the exact same service levels as a location in another country, and half the people are internal end users, while the other half are external customers,” he says.
As their businesses have globalized, their most strategic applications have struggled to keep pace. “Companies are coming to us, asking ‘How do we do this? How do we solve this problem?’ That’s really what it comes down to.”
This document is targeted at networking and virtualization architects interested in deploying VMware NSX network virtualization in a multi-hypervisor environment based on the integrated solution from VMware and Juniper.
VMware’s Software Defined Data Center (SDDC) vision leverages core data center virtualization technologies to transform data center economics and business agility through automation and non disruptive deployment that embraces and extends existing compute, network and storage infrastructure investments. NSX is the component providing the networking virtualization pillar of this vision. As a platform, NSX provides partners the capability of integrating their solution and build on the top of the existing functionalities. NSX enables an agile overlay infrastructure for public and private cloud environments leveraging Juniper’s robust and resilient underlay infrastructure that also helps bridge the physical and virtual worlds using the L2 gateway functionality.
The ongoing success of 7ticks depends on having an IT infrastructure that adapts and scales to unforgiving reliability, performance, and transparency requirements. To support the torrid growth of data, 7ticks needed to expand the IP/MPLS network connecting its data centers to 40 Gbps—and have an immediate path to 100 Gbps and beyond. Within its data centers, 7ticks needed network and security solutions that would keep pace—and would simplify service management and support automation.
“Our biggest challenge is performance at scale,” says Scott Caudell, founder of the 7ticks business and vice president of IT infrastructure at Interactive Data. “IT is our business. The 7ticks infrastructure helps customers get a lower time to market and faster execution speeds at a cost that’s sustainable for their businesses.”
The bank wanted to modernize its global data center core and edge networks to move to the next stage of its private cloud journey. The bank has long recognized the advantages of server virtualization, and it wanted to move more aggressively to a software-defined data center. The bank was virtualizing all services, including compute, storage, and network, to gain greater business flexibility and deliver cost savings. But first, it needed an elastic, flexible, and production ready network to connect its data centers.
The bank wanted a dynamically scalable network to interconnect its data centers in Europe, Asia, and North America, so that it could move toward a fully automated, self provisioned cloud. The global network needed to deliver performance at scale for the company’s highly virtualized resources, while also supporting integration of legacy assets into its software-defined data centers.
A Scalable Data Center Network for the Data Tsunami Digital Transformation and other changes drive vast and innumerable new data flows through the business, and increase pressure on IT to continually, quickly, and efficiently address a broad array of new demands. IT needs a network that empowers the business but is too often hampered by it instead. Network management as most practice it now is too complex and inefficient. The solution is automation.
In most cases, your physical data center will not disappear as these growth trends play out. Instead, it will evolve into a hybrid environment, incorporating a mixture of physical and virtual computing technologies—including both public and private clouds. You’ll face even more challenging security risks within these hybrid environments than you have protecting your physical data center today. And you won’t be alone with these challenges when making the shift to a hybrid data center architecture.
This white paper outlines a framework that emphasizes digitization and business transformation and the new opportunities pull processes bring.
The mechanism of “Pull” processes—those triggered by an actual event instead of a forecast—is nothing new. It is at the heart of many successful manufacturing strategies. Recent technological advances in digitization, including the harnessing of Big Data analytics, the use of the cloud, Business Process Management (BPM), social media, IIoT, and mobility, have extended the power of Pull beyond Lean manufacturing. In the wake of the current technological innovation wave, it is not uncommon for manufacturers to not know what next step to take.
In light of these new developments, this white paper will focus on the mechanism of business transformation enabled by these technologies, which can be attributed to two major forces: the power of Pull and digitization. Nine practical applications are detailed, showing how innovative manufacturers can better
To compete successfully in today’s economy, companies from all industries require the ability to deliver software faster, with higher quality, and reduced risk and costs. This is only possible with a modern software factory that can deliver quality software continuously. Yet for most enterprises, testing has not kept pace with modern development methodologies. A new approach to software testing is required: Continuous Testing.
In the first session in a series, join product management leadership to gain in-depth insights on how by shifting testing left, and automating all aspects of test case generation and execution, continuous testing, it enables you to deliver quality software faster than ever.
Recorded Feb 5 2018 49 mins
Steve Feloney, VP Product Management CA Technologies
Published By: Datavail
Published Date: Nov 03, 2017
The management of financial data in an organization is of paramount importance. Reporting, evaluating ROI, making adjustments across the business, and increasing revenue depend on good, accessible financial data that can be updated and integrated across systems and software.
For these reasons, many organizations have turned to master data management (MDM) software in the effort to better store, access, search, retrieve, and analyze their financial data. These MDM solutions are able to collect data within a single unified, fully integrated, user-friendly platform. However, in order to be most effective, MDM applications must also have capabilities in data relationship management (DRM). DRM software is able to describe and enforce the relationships between data, no matter where it's located within an organization, to provide a holistic and consistent solution.
Published By: Datavail
Published Date: Nov 03, 2017
“One of the most popular MDM solution is Oracle Hyperion Data Relationship Management. Oracle DRM is used to resolve the challenges across the people, processes, and tools that go into the tasks of data management. Although Oracle DRM is a powerful software, it nevertheless presents challenges for organizations seeking to integrate it with other Oracle applications such as PeopleSoft Financials – DRM is unable to automatically push updates made within its system to PeopleSoft. As a result, changes in DRM to cost centers, project centers, trees, and hierarchies must be manually updated in PeopleSoft Financials – a tedious process that can take hours every day. The good news is that these challenges can be easily addressed with the support of partners such as Datavail.
It appears that agility and efficiency are coveted by basically everyone involved in protecting and managing data- especially those people struggling to simultaneously keep up with sprawl and meet ever-heightening expectations. One answer to these storage-related challenges centers on introducing a software-defined layer that abstracts and normalizes underlying storage repositories while still enabling already-deployed best of breed componentry to do what it does best.
IBM® Information Governance Catalog helps you understand your
information and foster collaboration between business and IT by establishing
a common business vocabulary on the front end, and managing
data lineage on the back end. By leveraging the comprehensive capabilities
in Information Governance Catalog, you are better able to align IT
with your business goals.
Information Governance Catalog helps organizations build and maintain
a strong data governance and stewardship program that can turn data into
trusted information. This trusted information can be leveraged in various
information integration and governance projects, including big data integration,
master data management (MDM), lifecycle management, and
security and privacy initiatives.
In addition, Information Governance Catalog allows business users to
play an active role in information-centric projects and to collaborate with
their IT teams without the need for technical training. This level of governance
and collaboration c
Scalable data platforms such as Apache Hadoop offer unparalleled cost
benefits and analytical opportunities. IBM helps fully leverage the scale
and promise of Hadoop, enabling better results for critical projects and
key analytics initiatives. The end-to- end information capabilities of
IBM® Information Server let you better understand data and cleanse,
monitor, transform and deliver it. IBM also helps bridge the gap between
business and IT with improved collaboration. By using Information
Server “flexible integration” capabilities, the information that drives business
and strategic initiatives—from big data and point-of- impact analytics
to master data management and data warehousing—is trusted, consistent
and governed in real time.
Since its inception, Information Server has been a massively parallel
processing (MPP) platform able to support everything from small to very
large data volumes to meet your requirements, regardless of complexity.
Information Server can uniquely support th
Published By: Tenable
Published Date: Feb 07, 2018
"This IDC Technology Spotlight examines the evolution of vulnerability management. By leveraging the cloud and new technologies that deliver greater visibility, organizations can gain an accurate picture of their assets and overall risk posture. This is a critical step toward addressing the current landscape where attackers are using a wide variety of vectors such as mobile, social, and cloud-based attacks to infiltrate organizations and steal data.
By reading this report you will get an overview of:
- Benefits of cloud-based security and vulnerability management
- Challenges of adopting cloud-based vulnerability management
- IDC assessment of Tenable.io cloud vulnerability management"
Published By: Redstor UK
Published Date: Mar 12, 2018
Redstor Pro's Data Management Platform features an integrated archiving solution which delivers simple to manage, highly scalable long term archiving that ensures data remains extremely easy to access whilst freeing up expensive primary storage. Users of the service avoid the need to archive data to unreliable tape or add more expensive tier one storage due to data growth.
Published By: Redstor UK
Published Date: May 02, 2018
Many organisations are facing challenges relating to the unstructured data they hold. By its very nature, unstructured data is in a form that is difficult to manage, and it is growing rapidly in size. This can make it difficult to understand who owns that data, whether it is being used or even whether it is of any value.
Industry forecasts indicate the volume of data generated by corporates is expected to double over the next three years and, with General Data Protection Regulation taking effect in May 2018, organisations need a more efficient way to manage and control this data.
This White Paper provides an overview of the important technical considerations senior business and IT management teams need to review before choosing an archiving provider.
When application and database numbers increase, how does an organisation avoid overstretching its staff, multiplying costs, and complications? Many companies are using Oracle Exadata—a platform that’s powerful, optimised, and cloud-ready when you are. And they’re seeing, on average, a five-year ROI of 429 percent, 94 percent less unplanned downtime, and 103 percent improvement in transaction rates. See our infographic for more significant findings.
PowerEdge servers protect your customers and business with integrated security
Analysts say attacks on firmware are becoming a greater threat to systems, making a cyber-resilient server architecture essential to the modern data center. Dell EMC PowerEdge servers, powered by Intel® Xeon® Scalable processors, deliver comprehensive management tools and robust layers of security to protect hardware and firmware throughout the server lifecycle.
With GDPR looming large on the horizon in May 2018 and beyond, there are a number of myths and misunderstandings circulating around the upcoming changes to compliance and data protection.
In this expert e-guide, we explore how to maintain compliance for your critical content in the cloud. Uncover vendor-agnostic compliance tips from Box compliance president Crispen Maung for your content management system, and delve into topics, like:
• GDPR strategies for cloud ECM
• Cultural changes for upcoming compliance regulations
• Projected fines associated with GDPR
• And more
Modern regulation demands connected thinking, leading-practice processes, optimal data management and insightful reporting – all of which makes the finance function the ideal catalyst for change.
Read this report to find out:
• how to structure a transformation plan and strategy
• how to create the optimal team for transformation
• what leading companies are doing to drive transformation through regulatory change.