Scope, Quality and Complexity in Cost Assessment
Now that we’ve made the case for Application Mass Index (AMI) as a tool to standardize applications and make comparisons in Part One, it’s important to outline the key steps for success when utilizing this metric.
The recent spate of IT glitches and ‘power outages’ at British Airways which caused the UK’s national carrier to cancel all its flights worldwide at the start of May bank holiday along with the WannaCry ransomware attack which ground the National Health Service to a halt have exposed again the importance of IT systems in today’s business. The complexity of these IT systems, the number of vulnerabilities that exist in critical software used by critical infrastructure sectors such as the NHS, airlines, telecom operators has made headlines once more.
Harvard Business Review has reported that digital leaders succeed in large part due to their ability to recognize and scale innovation across their business – seeing beyond transformation hurdles and IT complexity. They never lose sight of the end goal.
So, what does it take to be a digital leader? As a sponsor of the Software Risk & Innovation Summit last week in New York City, I was able to hear from some of the leading experts on the matter, including CISQ, JetBlue, COACH, Fannie Mae, BCG and others.
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.
Fintech is the hot new thing. It’s the industry that will carry the UK through Brexit. It’s the latest wave of startup mania in NYC. It’s becoming the darling of Silicon Valley. Chinese tech investors are all over it. It’s fresh. It’s sexy. But, wait a minute. What is Fintech?
Recently I attended MIT’s Fintech conference (#MITFinTech). We heard Brad Peterson, CIO of NASDAQ, talk about his firm as the original Fintech founded 45 years ago. Brad told us that NASDAQ no longer thinks of itself as an exchange, but as a Fintech company. A couple MIT professors told us there are 1800 Fintech companies out there today, and that number is quickly growing. There are some that promote robo-advisors as autonomous correctors for investor freak-out during volatile markets, and others that collect live market data from the web in order to predict real economic indicators, as opposed to statistics collected by government technocrats. Blockchain, we were told, is like the Internet was back in 1993.
Companies are waking up to the fact that the digital transformation journey is not a leisurely stroll. It’s more of a marathon sprint. Between externalization of processes and the Internet of Things (IoT) the need to increase “velocity” is becoming a key attribute of success. Yet the pressure to maintain cost effective solutions has not gone away. Big reasons today’s enterprises are accelerating digital transformation include:
CAST Italy users’ group conference
On June 22nd, CAST held its annual User Group in Italy, hosting software measurement professionals from major companies in the Banking, Insurance, Telco, Public Sector and IT Consulting industries for a four-hour working session. Attendees walked away from the event with a better understanding of best practices in establishing objective software measurement standards and creating better visibility in to application portfolios.
Among CAST Application Intelligence Platform presentations and updates regarding the new CISQ RFC for Automated Enhanced Points and its relationship with the AFP OMG standard, attendees also discussed software measurement in Agile and DevOps environments.