By Meg Ramsey
Recently I attended my fourth Amazon Web Services (AWS) Summit of the year. As a seasoned Summit attendee, I appreciate the customer stories that AWS amplifies and look forward to this aspect of each Summit. The keynote usually highlights at least one local startup and one enterprise company to promote their AWS use cases, and sessions are a mix of customer user stories and technical content from AWS evangelists.
The Summit held in New York City did not break the mold, however, I noticed that this event focused heavily on the financial services industry, which I believe signals an increase in public cloud adoption by large financial institutions. There was an entire track devoted to this industry that featured companies like IHS Markit, FINRA and AIG. The sessions in this track were filled to capacity.
FICO CIO, Claus Moldt, spoke on the main stage about moving its flagship analytics platform onto the public cloud provider. While some sessions were focused on AWS' new services like analytics and machine learning, one session that seemed to encompass most of the Summit’s major Financial Services topics was with AIG. In the session, AIG told the story of its massive digital transformation project that took its global business claims application from mainframe to hyperscale. It perfectly illustrated the decision points enterprises face when transforming legacy infrastructure for the public cloud.
As I listened to the speaker from AIG detail lessons the company learned along the way, I noted several commonalities with my own experiences. Some of the most prominent takeaways from this session are listed below.
By taking mission-critical workloads out of their own jurisdiction and moving to the cloud, organisations are wise to leave it to the experts. It’s a smart move for any industry.
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