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.
Le 15 Juin 2016, CAST a organisé un workshop au tour du sujet Security By Design à l’hôtel Hilton, Paris La Défense avec des intervenants de SOLUCOM, ATOS, BNP PARIBAS CARDIF et CAST en présence d’une trentaine de participants du secteur public, finance, énergie, éditeurs de logiciels, etc.
CAST security workshop
La sécurité des applications reste un enjeu majeur à la fois en termes de fréquence, de gravité et d’impact, non seulement pour le business mais également pour le DSI lui-même. Selon l’étude PWC “le nombre de cyber-attaques recensées a progressé en 2015 de 51% en France, alors que les budgets sécurité des entreprises françaises ont augmenté en moyenne de 29%, soit autant que les pertes financières estimées imputables à ces incidents (+ 28%)“. Plus particulièrement, les analystes précisent que les problèmes de sécurité sont à 75% liés à des failles d’architecture logicielle ou le « design » des applications, c’est-à-dire à la manière dont les composants et applications sont interconnectés.
Panel Discussion at the 2016 Software Risk Summit
Software risk has historically been overlooked as a security concern by business leaders, and companies have paid a high price as a result. Remember the JPMorgan hack of 2014? That cost the bank more than $6 billion. RBS has paid £231 million for their IT failures as of two years ago. The Target breach? The retailer posted a write down of $152 million. Or, more recently, Jeep controls being taken over by hackers, and a similar incident with Toyota-Lexus having to fix a software bug that disabled cars’ GPS and climate control systems? That costs the manufacturers valuable consumer confidence points and can seriously damage sales.
So I was thrilled to know that the topic for the first annual Software Risk Summit in New York was indeed just that, software risk. I had the pleasure of moderating the panel discussion with esteemed guests from BNY Mellon, the Software Engineering Institute at Carnegie Mellon, the Boston Consulting Group and CAST. But beforehand, I was able to sit-in on the keynote by Rana Foroohar.
High-capacity network bandwidth has become more widely available, and we have quickly tapped into every last inch of its capacity. More devices are built with wi-fi capabilities, the costs of mobile devices are going down and smartphones are in the hands of more people than ever before. In fact, Apple might have already exhausted the market and is seeing drastically lower sales forecasts for the iPhone.
We are moving into an era in which virtually any device will connect to the Internet. Phones, fitness trackers, dishwashers, televisions, espresso machines, home security systems, cars. The list goes on. Analyst firm Gartner estimates that over 20 billion connectable devices will exist worldwide by 2020. Welcome to IoT—the Internet of Things. A giant network of connectable things.