CAST recently participated in a TechMarketView round table in London, discussing the effectiveness of digital strategies in banking. It’s no surprise that banks are facing some significant headwinds heading into 2017, including geo-political uncertainties, increased regulation, the need to modernize legacy systems and growing cyber threats.
Digital is no longer “just another channel” – it’s essential to success and securing optimal position for the next generation of banking customers. In order to capitalize on opportunities, bank management must establish solid KPIs to create and sustain the right behaviors in a digital environment.
It seems more and more frequently we see security and cyber-attacks in the news today. From Yahoo’s apparent cover up of a massive security breach that is damaging its merger with Verizon to the even more recent bank hack in India, where millions of debit cards were compromised, it’s apparent that there are holes in our current defense systems. Adding to the complexity of it all, eWeek has reported that DDoS attacks hit record highs in Q3 2016.
For most data-intensive organizations, it would spell disaster if mission-critical or customer information was leaked. What’s more, security gaps are known to go undetected for much longer in enterprises with a high percentage of legacy systems.
Insurance organizations have reached a tipping point. Historic institutions, with in some cases hundreds of years of service, they are being forced to transform due to changing consumer demands and nimble, technology-centric startups bringing innovative products to market. No stranger to regulatory and privacy concerns, Insurance carriers have overcome many roadblocks throughout their lifetime of doing business. Now they must tackle their legacy IT systems and improve software risk management to deliver the value today’s market is after.
The value of using established technology frameworks is proven. By adopting a software component for which many are skilled and experienced, it is easier for developers and IT managers to maintain a lingua franca.
Earlier this month, CAST held its annual customer and partner conference in Munich, Germany.
IT and business executives from the Insurance, Banking, Telco and IT Consulting sectors shared how they are working with CAST and why software measurement is critical to the success of their IT projects.
It’s no question that Cloud is no longer a passing phase. In the span of a few years, Cloud has moved from an interesting concept to a useful business tool. What began as a creative tool for testing has moved into the mainstream as a way to improve hardware utilization and expand capacity. The benefits for Cloud are well established, and more customers are moving to consumption-based models, either with captive or public Cloud solutions. Many tools exist to help with Cloud migrations, but few have the flexibility to “see through the Cloud” to the application code, and make that code fit this new world.
This blog is from CAST’s keynote speech at MeGSuS’16, 3rd International Workshop on Measurement and Metrics for Green and Sustainable Software. Download the presentation here.
Fueled by our growing thirst for constant connectivity and the dawn of the Internet of Things, the energy required to power all the world’s computers, data storage and communications networks is expected to double by 2020 according to the latest research by McKinsey & Company. This would increase the total impact of IT technology, in terms of global carbon emissions, by at least 3%.