A good, pretty long overview of JPMorgan Chase’s plans for doing cloud with a PaaS focus. Some highlights.
More than just private-IaaS and DIY-platforms:
Like most large U.S. banks, JPMorgan Chase has had some version of a private cloud for years, with virtualized servers, storage and networks that can be shared in a flexible way throughout the organization.
The bank is upgrading its private cloud to “platform as a service” — in other words, the cloud service will manage the infrastructure (servers, storage, and networks), so that developers don’t have to worry about that stuff.
On the multi-/hybrid-cloud thing:
By the second half of 2017, the bank plans to run proprietary applications on the public cloud. At the same time, it’s building a new, modern internal cloud, code-named Gaia.
While “hybrid-cloud” has been tedious vendor-marketing-drivel over the past ten years, pretty much all of the large organizations I work with at Pivotal have exactly this approach. Public, private, whatever: we want to do it all.
Shifting their emphasis innovation:
“We aren’t looking to decrease the amount of money the firm is spending on technology. We’re looking to change the mix between run-the-bank costs versus innovation investment,” he said. “We’ve got to continue to be really aggressive in reducing the run-the bank costs and do it in a very thoughtful way to maintain the existing technology base in the most efficient way possible.” …Dollars saved by using lower-cost cloud infrastructure and platforms will be reinvested in technology, he said.
On appreciating the scale of “large organizations” that drive their very real challenges with adopting new ways of running IT:
The bank has 43,000 employees in IT; almost 19,000 are developers.
Good luck having the “we have no process by design” process with that setup.
On security, there’s a nice, almost syllogistic re-framing of “cloud security here”:
For years, banks have worried about using the public cloud out of security concerns and fears of what their regulators will say. Ever since the 2013 Target data breach, in which hackers stole card information from 40 million customers by breaking into the computers of an air conditioning company Target used, regulators have strongly urged banks to carefully vet and monitor all third parties, with a specific focus on security.
“We’re spending a significant amount of time to ensure that any applications we choose to run on a public cloud will have the same level of security and controls as those run internally,” Deasy said.
Most notable corporate security breeches over the year have involved on-premises IT (like the HVAC example above). The point is not to make sure that “cloud is as secure as [all that on-prem IT that’s been the source of most security problems in the past], but to make sure that all IT has a rigorous approach to security. “Cloud” isn’t the security problem, doing a shitty job at security is the security problem.
Source: Unexpected Champion of Public Clouds: JPMorgan CIO Dana Deasy, Penny Crosman, American Banker