Tag Archives: Digital Transformation

Business, Editorial

Cloud, 5G, Machine Learning & Space: Digital Trends Shaping the Future

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The world is arguably never going to be the same after the COVID-19 pandemic. The sentiment rings true in many aspects and sectors even now, a year on. However, the effects of the pandemic have spurred our normal to take a digital shift in which more companies are accelerating their digital transformation journeys with some further than others. That said, the adoption of technologies has created waves and trends that seem to be influencing everything in our lives.

In a nutshell, these trends are going to change the way we approach a whole myriad of thing from the way we work to the way we shop. We’re seeing businesses like your regular mom and pop shops adopt cloud technologies to help spur growth while digital native businesses and companies are doing the same to adapt to the ever-changing circumstances. The adoption of technologies and, in particular, cloud technologies, is building resilience in businesses like never before.

Our interview with the Lead Technologist for the Asia Pacific Region at Amazon Web Services (AWS), Mr Olivier Klein, sheds even more light on the trends that have and continue to emerge as businesses continue to navigate the pandemic and digitisation continues.

The Cloud Will Be Everywhere

As we see more and more businesses adopt technologies, a growing number of large, medium and small businesses will turn to cloud computing to stay competitive. In fact, businesses will be adopting cloud computing not only for agility but due to increasing expectations that will come from their customers. However, when referring to “The Cloud”, we are not only talking about things like machine learning, high performance computing, IoT and artificial intelligence (AI); we’re also talking about the simple things like data analytics and using digital channels.

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Digitization journeys are creating expectations on businesses to be agile and adaptable. That said, businesses with humble beginnings like Malaysia’s TF Value-Mart have been able to scale thanks to their willingness to modernize and migrate to the cloud. Their adoption of cloud technologies has created a more secure digital environment for their business and has augmented their speed and scalability. This has allowed them to scale from a single, mom and pop store in Bentong in 1998 to over 37 outlets today.

The demand for cloud solution is increasing and there’s no deny it. Even businesses like AWS have had to expand to accommodate the growing demands for digital infrastructure and services. The company has scaled from 4 regions in their first 5 years to 13 regions today with more coming in the near future. AWS’s upcoming regions include six upcoming regions, of which four are in Asia Pacific: in Jakarta, Hyderabad, Osaka and Melbourne.

Edge Computing Spurred by 5G & Work From Anywhere

In fact, according to Mr Klein, AWS sees the next push in Cloud Computing coming from the ASEAN region. This will, primarily, be spurred by the region’s adoption of 5G technologies. Countries like Japan and Singapore are already leading the way with Malaysia and other countries close behind. The emergence of 5G technologies is creating a new demand for technologies that allow businesses to have a more hybrid approach to their utilisation of Cloud technologies.

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As companies continue to scale and innovate, a growing demand is emerging for lower latencies. While 5G allows low latency connections, some are beginning to require access to scalable cloud technologies on premises. Data security and low latency computing are primary drives behind this demand. Businesses are innovating faster than ever before and require some of their workloads to happen quicker with faster results. As a result, we see a growing need for services like AWS Outpost which allows businesses to bring cloud services on premises, and with their recent announcement at AWS re:Invent, Outposts are becoming even more accessible.

Edge computing is also part and parcel of cloud computing as the mode in which we work continues to change. With most businesses forced to work remotely during the pandemic, the trend seems to be sticking; companies are beginning to adopt a work from anywhere policy which allows for more employee flexibility and increased productivity. That said, not all workloads are able to follow where workers go. With the adoption of 5G, that is no longer the case. Businesses will be able to adopt services like AWS Wavelength to enable low latency connection to cloud services empowering the work from anywhere policies.

The same rings true when it comes to education. The growth experienced in the adoption of remote learning will continue. Services like Zoom and Blue Jeans have become integral tools for educators to reach their students and will continue to see their roles expand as educational institutions continue to see the increased importance of remote learning.

Machine Learning is The Way

As edge computing and Cloud become the norm, so too will machine learning. Machine learning is enabling companies to adopt new approaches and adapt to changing circumstances. The adoption of machine learning solutions has paved the way to new expectations from customers that has and will continue to spur its adoption. In fact, Mr Klein, tells us that businesses will not only be adopting machine learning for automation but also to provide better customer experiences. What’s more, a growing number of their customers are also going to expect it.

Machine Learning’s prevalence is going to grow in the coming years – that’s a given. Customers and users have already had their experiences augmented by AI and machine learning. This has and continues to create expectations on how user experiences should be. Take for instance, services like Netflix have been using machine learning and AI to recommend and surface content to their users. Newer streaming services which lack these integrations are seen to be subpar and are criticised by users.

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Aside from user experiences, businesses are getting more accustomed to using machine learning to provide insights when it comes to making decision making and automating business operations. It has also enabled companies to innovate more readily. These conveniences will also be one of the largest factors in the increasing prevalence. It will also see increased adoption which will be largely attributed to the adoption and development of autonomous vehicles and other augmented solutions.

Companies like Moderna have been utilising machine learning to help create and innovate in their arena. They have benefitted from adopting machine learning in their labs and manufacturing processes. This has also allowed them to develop their mRNA vaccines which are currently being deployed to combat COVID-19.

To Infinity & Beyond

The growing adoption of digital and cloud solutions is also spurring a new wave of technologies which allow businesses deeper insights. These technologies allow businesses to access insights gained from satellite imaging. Data such as ground imaging and even ocean imaging can be used to gain actionable insights for businesses. Use cases are beginning to emerge from business involved in logistics, search and rescue and even retail.

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However, the cost of building and putting a satellite in orbit is nonsensical for a business. That said, we already have thousands of them in orbit and it would make more sense to use them to help gain these insights. AWS is already introducing AWS Ground Station – a fully managed serve that gives businesses access to satellites to collect and downlink data which can then be processes in AWS Cloud.

These trends are simply a glance into an increasingly digitised and connected world where possibilities seem to be endless. Businesses are at the cusp of an age that will see them flourish if they are agile and willing to adopt new technologies and approaches that are, at this time, novel and unexplored.

Business, Contributed

Resilience in the wake of 2020: Red Hat’s path in 2021

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2020’s gone and it won’t be missed. For all of the chaos, confusion and change the previous year brought, it helped illuminate a critical facet of Red Hat, our associates, our partners, our customers and our communities. It showed that we are resilient. Not only did we weather it as a company, we helped those around us stand firm through the storm. That’s something to be proud of, and I know that as CEO of Red Hat, I’m thankful at how we as a business, as a pillar of the open source community and as a global organization kept a steady hand throughout. 

Red Hat was born out of community. It’s at the center of everything we do. When faced with uncertainty and when we see others in need, that’s when we pull together and show our mettle. Throughout the past year, Red Hatters showed a tremendous capacity for fortitude and humanity. When I first took over the role of CEO, I made the comment that I wanted every Red Hatter who was here at that point to still be here in a year. And I think we’ve held true to that. 

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At the time, that conversation centered on finding work-life balance when the lines became blurred. Without taking care of our personal lives and mental health, we’re not able to meet the needs of our customers. As associates became school teachers and caretakers, dealt with drastically reduced social interactions and grieved the loss of normalcy, they still served customers and helped them be successful. We didn’t just hunker down and wait for the storm to pass; we still moved forward and made ourselves available to help others.

No time to slow down

While the COVID-19 pandemic stalled many industries, the software industry raced forward. Technologies like cloud computing and automation became more important than ever. They are now firmly in the category of must-have, instead of nice-to-have. As a company, we turned our attention to products and services that our customers need to support remote work, expand digital services, scale to meet demand, become more resilient and keep innovating. I attribute our ability to continue to show strong growth throughout the year to this strategy and I’m so proud of the team for keeping the momentum going. 

With our biggest announcements last year, you’ll no doubt sense a theme – making sure that our customers can develop and deploy any app, anywhere. They want the choice and flexibility to use the innovations and technologies on a platform that makes sense for the job at hand, and we’re making sure they can do just that. Red Hat OpenShift is the industry’s leading enterprise Kubernetes platform and highlights a future where containers and virtualization, managed consistently across the open hybrid cloud, are helping customers maintain operations while still bringing new products and services to market faster. 

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We introduced Red Hat Advanced Cluster Management for Kubernetes, a new management solution designed to help organizations exert more consistent control over their Kubernetes clusters across the hybrid cloud — from bare-metal to major public cloud providers and everything in between. 

Once they can deploy anywhere, they need to be able to bring those mixed workloads together and that’s where OpenShift Virtualization comes in. An integrated component of Red Hat OpenShift, we’re giving customers the ability to manage traditional workloads alongside cloud-native services, letting them prepare for the future while retaining existing investments. This helps to break down technology silos that can slow innovation and impact the customer experience. 

For those wanting an increased level of support from us, OpenShift Dedicated is a fully managed service of Red Hat OpenShift on AWS, Google Cloud Platform and Microsoft Azure. We continue to enhance and refine the capabilities of this managed offering, providing an option for organizations looking to reduce the operational complexity of infrastructure management, but still get all the benefits of enterprise Kubernetes. This enables their IT teams to focus on building and scaling the next-generation of applications, rather than keeping infrastructure lit up.

One of the benefits of open source is our close connection to the innovation born in open source communities, where new ideas and concepts emerge and incubate. This is a direct link to IT’s future, enabling us to more readily see trends as they evolve. It’s this connection that enabled us to push the envelope in open hybrid cloud computing, and it’s now providing our launchpad for the next wave: edge computing. Edge brings its own challenges for administrators and developers alike, so we’ve delivered new capabilities for Red Hat Enterprise Linux and Red Hat OpenShift to help bring edge computing into hybrid cloud deployments. 

Coming together

The channel is what made Red Hat. Without our partner ecosystem, Red Hat would be a very different company. We have been successful because of our independence and our work across a broad spectrum of cloud and service providers, including Amazon, Google, IBM and Microsoft. As the saying goes: “actions speak louder than words.” Our neutrality is something that can’t change and you can see it in some of the moves we made this year. 

Red Hat and Microsoft have been working to co-develop hybrid cloud solutions for years, which ultimately led to Azure Red Hat OpenShift, the industry’s first jointly-engineered, managed and supported OpenShift service on a leading public cloud. This year we continued our drive as a leading enterprise Kubernetes service on the public cloud with Azure Red Hat OpenShift on OpenShift 4, bringing the power of Kubernetes Operators to Azure along with the flexibility of Red Hat Enterprise Linux CoreOS.

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As I’ve said, open source is about choice and about meeting customers where they are, on whichever cloud platform they prefer. With that in mind, we continued our work across the public cloud withRed Hat OpenShift Service on AWS, a jointly-managed and jointly-supported enterprise Kubernetes service on AWS. Red Hat OpenShift is now the common Kubernetes denominator on two of the world’s largest clouds but, most importantly, it’s now easier for our customers to consume OpenShift where it makes most sense for them without sacrificing operational flexibility or service levels. 

We’re also seeing the promise of our acquisition by IBM come to fruition, as we scale and work together for powerful world-spanning solutions. Schlumberger represents one of these moments. By collaborating with IBM, this initiative will support its business and provide Schlumberger’s associates global access to its leading exploration and production cloud-based environment and cognitive applications by using IBM’s hybrid cloud technology, built on Red Hat OpenShift. 

On the horizon

Just a month in and we’ve already set the tone for the year. All roads, whether it’s through edge computing, serverless or Kubernetes, lead to open hybrid cloud. That’s what we’ve worked to build and where our focus continues to be. We’ve been talking about it for nearly a decade because it’s not just another trend; it’s an enterprise imperative. It’s through the hybrid cloud that we help our customers solve dynamic challenges and keep Red Hat in innovation’s vanguard.

We announced our intent to acquire StackRox, a leader and innovator in Kubernetes-native security. Once the transaction closes, this move will allow us to enhance security for cloud-native workloads by expanding and refining the Kubernetes’ native controls already present in OpenShift while shifting security into the container build and CI/CD phase. 

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Having a seamless integration between our sales and services strategy and our technology vision is critical to our success, and it calls for the right leader. For nearly a decade, Arun Oberoi has led the team and transformed our go-to-market approach matching our expanding open hybrid cloud portfolio, through strategic acquisitions and new alliances. He will retire later this year and Larry Stack will step into the role of executive vice president of Global Sales and Services. What I appreciate most about him is that he embraces the Red Hat culture and the customer is always the focus. There is a huge opportunity in front of us, as we keep scaling, Larry’s strong experience and the strategic thinking that he brings are going to help us capitalize on it.

Just because we made it out of 2020, doesn’t mean we’re back to business as usual. The pandemic is still impacting the world and organizations are still feeling the effects. The challenges aren’t going away, but we’ve shown resilience and that needs to be a trait that we keep as we move through the year. While 2021 holds many unknowns, one thing that is not unknown is our path forward. 

Android, Lifestyle, Mobile, News

Touch ‘n Go eWallet is Now More Than Just Payment with GO+

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If you checked your Touch ‘n Go eWallet app these past few days, you would have noticed a new feature, or a new icon. You might have come across ‘GO+’. I know I have, and a few of our friends have asked us what it was before today’s official launch of Touch ‘n Go’s GO+. Now that it is officially launched, we can properly explain what GO+ is.

Welcome to GO+, your gateway to small time investments and mainstream financial services. Essentially, you are investing with Principal, an asset management platform anchored by CIMB. In turn, GO+ is anchored by Principal, in alliance with CIMB, specifically their e-Cash Fund platform.

GO+ will take advantage of Principal’s asset management platform to sort of make investments to grow your financial assets via Touch ‘n Go’s eWallet platform. By putting as little as RM10 into the platform will supposedly guarantee a growth rate of 1.43% per annum. While that may not seem like much, it is more than putting your money into your bank’s savings account or current accounts.

The growth is not credited over a year long period too. You get returns on a daily basis and the returns are credited to your GO+ account every day. That also means the growth is an immediately visible one. Principal also promises no risks to the platform, so you can be rest assured that you will only be seeing growth.

What makes GO+ even better for users is that because it is integrated with Touch ‘n Go eWallet app, you can transfer the funds from GO+ into Touch ‘n Go eWallet accounts immediately at any given time, and vice versa. It does not stop there though; you can transfer credits from GO+ to any of your registered bank accounts immediately too. You can even use your GO+ account to pay for things via Touch ‘n Go eWallet app. That also means with GO+, you are more flexible than anything else you can currently find on the Malaysian market.

To get yourself on GO+ now, you can look into your Touch ‘N Go eWallet app and immediately register and upgrade your account to a GO+ account. You can start investing with GO+ with as little as RM10. For now, the service is only available to Malaysian citizens above 18 years of age. The Touch ‘n Go eWallet app is available for free from Google’s Play Store and Apple’s App Store for Android and iOS respectively

Business, Contributed

Four Steps to Accelerate Your Machine Learning Journey

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This is the golden age of machine learning­ (ML). Once considered peripheral, ML technology is becoming a core part of businesses around the world, regardless of the industry. By 2021, the International Data Corporation (IDC) estimates that spending on artificial intelligence (AI) and other cognitive technologies will exceed $50 billion.

Locally, 25% of organizations say they are setting aside at least 10% of their budget for technology, which includes investments in big data analytics (64%), cloud computing (57%), Machine Learning and artificial intelligence (33%), and robotic process automation (27%), based on the Malaysian Institute of Accountants’ “MIA-ACCA Business Outlook Report 2020″. [1] As more companies gain awareness of the importance of ML, they should work towards getting it in motion as quickly and effectively as possible.

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At Amazon, we have been on our own ML journey for more than two decades – applying it to areas like personalization, supply chain management, and forecasting systems for our fulfillment process. Today, there is not a single business function at Amazon that is not made better through machine learning.

Whether your company is just getting started or in the middle of your first implementation, here are the four steps you should take to have a successful machine learning journey.  

Get Your Data in Order

When it comes to adopting machine learning, data is often cited as the number one challenge. We found that more than 50% of time spent in building ML models can be spent in data wrangling, data cleanup, and pre-processing stages. Therefore, prioritize investing in the establishment of a strong data strategy to avoid spending excessive time and resources on data cleanup and management.

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When starting out, the three most important questions to ask are:

  • What data is available today?
  • What data can be made available?
  • A year from now, what data will we wish we had started collecting today?

In order to determine what data is available today, you will need to overcome data hugging – the tendency for teams to gatekeep data they work with most closely. Breaking down silos between teams for a more expansive view of the data landscape while still maintaining data governance is crucial for long-term success.

Additionally, identify what data actually matters as part of your machine learning approach. Think about best ways to store data and invest early in the data processing tools for de-identification and/or anonymization, if needed.

Identify the Right Business Problems

When evaluating what and how to apply ML, focus on assessing the problem across three dimensions: data readiness, business impact, and machine learning applicability.

Balancing speed with business value is key. Instead of trying to embark on a three-year ML project, focus on a handful of critical business use cases that could be solved in the upcoming six to 10 months. Start by identifying places where you already have a lot of untapped data and evaluate if machine learning brings benefits. Avoid picking a problem that is flashy but has unclear business value, as it will end up becoming a one-off experiment.

Champion a Culture of Machine Learning

In order to scale, you need to champion a culture of machine learning. At its core, ML is experimentation­. Therefore, it is imperative that your organization embrace failures and take a long-term view of what is possible.

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Businesses also need to combine a blend of technical and domain experts to work backward from the customer problem. Assembling the right group of people also helps eliminate the cultural barrier to adoption with a quicker buy-in from the business.

Similarly, leaders should constantly find ways to simplify the process of ML adoption for their developers. Since building ML infrastructures at scale is a time and labor-intensive process, leaders should encourage their teams to use tools that cover the entire ML workflow to build, train, and deploy these models efficiently.

For instance, 123RF, a homegrown stock photography portal, aims to make design smarter, faster, and easier for users. To do so, it relies on Amazon Athena, Amazon Kinesis, and AWS Lambda for data pipeline processing. Its newer products like Designs.ai Videomaker uses Amazon Polly to create voice-overs in more than 10 different languages. With AWS, 123RF has maintained flexibility in scaling its infrastructure and shortened product development cycles and is looking to incorporate other services to support its machine learning & AI research.

Develop Your Team

Developing your team is essential to foster a successful machine learning culture. Rather than spending resources to recruit new talent in a competitive market, hone in on developing your company’s internal talent through robust training programs.

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Years ago, Amazon created an in-house Machine Learning University (MLU) to help its own developers sharpen their ML skills or equip neophytes with tools to get started. We made the same machine learning courses available to all developers through AWS’s Training and Certification offering.

DBS Bank, a Singaporean multinational bank, employed a different approach. It is collaborating with AWS to train its employees to program their own ML-powered AWS DeepRacer autonomous 1/18th scale car, and race among themselves at the DBS x AWS DeepRacer League. Through this initiative, it aims to train at least 3,000 employees to be conversant in AI and ML by year end.

[1] MIA (Malaysian Institute of Accountants) and ACCA (Association of Chartered Certified Accountants), Business Outlook Report 2020, 2020

Business, Editorial

Digitization – The Key to Business Resilience During a Pandemic

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COVID-19 poses a unique challenge to businesses, forcing them to adopt practices which many only saw further down the road when it came to their digitization plans. In fact, we’ve seen the effects of the pandemic on many businesses who have failed to adapt or adopt plans to build in resilience in these unprecedented times. That said, the big question remains, “How can businesses be more resilient with the COVID-19 reality?”.

There are many factors that lend itself to a business’s resilience but one of the biggest factors is the company’s progress in their plans for digitization. Conor McNamara, Managing Director of ASEAN at Amazon Web Services (AWS), highlights that a company’s progress towards digitization, particularly in their adoption of cloud technologies, has been one of the determining factors of resilience during these times. He has also highlighted that the transition to the cloud isn’t simply a technological one, it’s a multifaceted one that builds in capacity, increases agility, changes mindsets, and transforms the culture of an organisation.

Thriving Businesses Have Used COVID-19 as an Impetus for Digitization

No one can deny it. The COVID-19 pandemic has changed the way that companies and businesses need to operate. Research has shown that the new realities of the pandemic have led to an increase in demand for resources such as the internet. This is inevitably spurred by the increased adoption of work from home policies necessitated by lockdowns the world over – a clear indication that our business realities have changed. This is corroborated by AWS, which reported an increased uptake of services such as Amazon Chime, their web-conferencing platform, Amazon Workspaces and other productivity related services.

“The COVID-19 pandemic has underscored the importance of digital transformation across all industries. So far indications are that organizations, including those in ASEAN, have already adopted DX plans and/or accelerated their transformation plans have been known to have coped better with the crisis.”

Daphne Chung, Research Director, IDC Asia Pacific (excluding Japan) cloud services, and software research group

That said, digitization doesn’t happen overnight. Companies have to create an environment that allows and empowers staff and decision makers to adopt technologies such as AWS. The adoption of public and private cloud technologies have allowed many AWS customers to adapt to the new realities more seamlessly. In fact, Globe Telecom was able to spin up virtual call centers with Amazon Connect which allowed them to adapt to the new realities with ease and even increase staff productivity since the pandemic hit. What’s more, the company was able to affect this transition in 24 hours. Of course, the reality is that not many companies will be able to do this.

“Many businesses and organizations have now understood the importance of the cloud and are committed more than ever to get their business on the cloud. At AWS, we keep many organizations functioning, and allow them to adapt when a crisis such as the pandemic occurs.”

Conor McNamara, Managing Director of ASEAN at Amazon Web Services

The new realities of the pandemic have allowed companies to expedite their plans for digitization and cloud adoption. Those who have been successful in taking advantage of the new realities as an impetus for plans already in the pipeline are the ones who have most demonstrated the most resilience with the current situation.

Executive Driven Digitization Policies Spur Resilience

It’s always been said that digitization is a journey. Yet, we never think to ask who would be the best to guide and determine the course the company takes. Conor McNamara stresses that the business resilience of any given orgranisation is very dependent on the company’s executives. Decisions and policies made by CXOs are what will enable companies to maximize the opportunity that COVID-19 has presented to accelerate a company’s digital trajectory.

It’s pretty simple; when the decision to adopt cloud technologies and further advance the company’s digital journey comes from the level of CXOs, it naturally sets off a cascade which will allow companies to think differently. The CEO’s acceptance that the future of business is in the cloud sets off a cascade of events that start with the search for and upskilling of staff to meet the new needs of the business. The demand for skills that enable the company to be competitive and prepared for further advancements in their journey. It also creates a new mindset mired in the need to be agile and proactive to meet customer needs.

IDC sees an opportunity to manage the downturn better by using technology to minimize the impact of the current crisis and emerge on the other side of the curve resilient, more digitally fit and agile, and ultimately, better equipped to capture their share of the new opportunities as part of the “next normal”.

Daphne Chung, Research Director, IDC Asia Pacific (excluding Japan) cloud services, and software research group

This impetus prepares businesses to handle situations like the current pandemic. The skills, demands and needs of businesses literally changed overnight as countries began to lockdown. Brick and mortar businesses were forced to consider adopting digital and cloud technologies to keep their businesses viable. Businesses which were already making the shift to cloud and digital technologies with CXO driven policies have so far been the most resilient and adaptable.

In fact, the current realities have been used as an opportunity to upskill workforces. AWS shares that since the beginning of the lockdowns, there has been a sharp uptick in the demand for certification courses and trainings in their AWS Education platform.

It’s a People Related Change

Perhaps the most important quote we can share from Conor McNamara is this: “[Digital Transformation] is a People related change”. He said this while he was explaining some of the new realities AWS’s customers have been facing – and when it comes to it, it seems like the statement rings true in every aspect of a business’ digital transformation; every step of the way involves dealing with people.

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The digital transformation journey is one that involves a major cultural change. A change that shifts the mindset of preparedness to deal with any given situation. Creating a culture of work which prepares staff for ambiguity and change. In some cases, these businesses have made failure a norm. They adopt providers such as AWS to minimise the cost of failure and continue to innovate. This is one of the hallmarks of a business which has been able to deal with the realities of the pandemic. These companies are ready or have already adopted cloud and are prepared for the new work from home norm; it wouldn’t be too farfetched to say that they may be the ones best prepared for the next norm post COVID.

Adopting cloud and shifting to digital usually has the connotation of being cold and impersonal. However, one take away from businesses that are showing resilience is that it couldn’t be further from the truth. These businesses have shifted their focus to their clients and customers building solutions catered to their needs. Perhaps more importantly, their digital transformation and shift to the cloud has made them more cognizant to the needs of their clients and customers.

Business Resilience is Built from the Top Down and Empowered by the right technologies

Essentially, business resilience is built from the top down with policies spearheaded by CXOs and CEOs that drive a cultural change in the company; one which prepares them for sudden and constant change, allowing businesses to be agile and adaptable. That said, these changes are empowered by companies such as AWS who provide the cost optimizations and technologies that allow this shift to happen. This has been tried and tested with the harsh realities of the pandemic.

Business, Contributed

CFO, CIO Collaboration Is Crucial For COVID-19 Era – And Beyond

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In this COVID-19 global pandemic era, there is not a single CFO out there who isn’t scrutinizing their company’s spend. It has been very challenging for Malaysian businesses as well – with a weakening economy, supply chain disruptions, knock-on effects from troubled sectors and loss of jobs.

Fortunately, data’s role has exploded in the business world and is favourably impacting the situation. To properly assess a company’s financial position, a CFO needs to be able to effectively access data. The key is to take a large amount of information and narrow it down to action items. Effectively harnessing important data can be an issue.

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IT has evolved from being a background cost centre generating reports used to close the books, to a place where data is housed, manipulated and made available, which is key to running a successful business. IT is no longer in the background, carrying out mundane operations; it is capturing vital data and is now a strategic voice in running a business. When a CFO can effectively capture and analyse data, he or she can improve specific strategic areas. As a result, there is an increasing collaboration between CFOs and CIOs as IT formats data and provides insight into what might be most helpful to Finance.

The COVID-19 Challenges

While financial scrutiny is applicable to all areas, IT is different because most CFOs do not know all the specific technological nuances for his or her company. As the pandemic forces businesses to deal with unprecedented financial challenges and pressures, the CIO needs to help provide perspective to the CFO for necessary actions and what items might be able to be temporarily suspended without harming the business.

Buying IT equipment requires cash, and all companies are looking at actions to maximize cash flow and minimize expenses as COVID-19 impacts the global economy. Some expenditures are going to have to be delayed as cash is prioritized away from capital expenses. Most CFOs will not know what IT department costs to reduce without a collaborative conversation with the CIO.

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One strategy I consistently employ with our CIO, which has been extremely helpful during this crisis, is a regularly scheduled, detailed review of all ad-hoc expenses across the company, looking for technology items that should be aggregated or are not compliant with standards. This is an area that requires CIO input and experience.

Relying on Each Other

It is very difficult for CFOs to keep up with IT. It evolves so rapidly and requires specialty knowledge; generalists are left in the dust when it comes to technological progress. A CFO can measure costs but determining capabilities and staying ahead of what is on the horizon requires a specialist, a CIO. At the same time, technology often offers glitzy, fancy new toys, and it is imperative that IT professionals stay focused on what type of capital is available, what they want to spend it on, and how their values are aligned with the business.

Communication and collaboration with our CIO to work on business cases for development projects helps validate the financials of the project. A working knowledge of the ever-changing standards in technology protects financial projections and budgets.

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CFOs are focused on maintaining normal business activity without increasing expenses. Industry analyst Gartner has reported for many years that third party maintenance is less expensive than what OEMs offer. And the service is just as good if not better. If anybody came to you and demonstrated, “You’re paying $100,000 for this service; I can do it for $50,000-$60,000 and I’m going to do it better,” there’s not a CFO who wouldn’t take that deal, but it would require CIO scrutiny and knowledge.

I.T.’s Unique Contributions

In my collaborations with I.T. leaders, I have learned that I.T. is uniquely positioned to scan the entire company for technology-enabled improvements: revenue opportunities, productivity increases and cost savings. When the CIO and the CFO collaborate to find and implement these improvements, the company becomes more effective than if a siloed approach is taken on a per-department basis.

While COVID-19 is a challenge, it also presents an opportunity to identify improvements. As people are suddenly forced into working in a different model, the traditional ways of doing business can be challenged more quickly. A collaboration between the CIO and the CFO in looking at the results of the workforce being sent home may present opportunities in office utilization, software purchases, hardware deployment and other areas.

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While hardware and software expenses are relatively easy to monitor and measure against the company’s metrics, the implementation of IT projects is a key collaboration area for CFOs and CIOs. Every project brought forward to IT can have cost structures that include outside purchases as well as internal labour. Projects need to bring value to the company; and the calculation of that value, perhaps in the form of ROI, requires CIO and CFO collaboration to accurately calculate the value and measure the results after the project is in place.

With our CIO, I consult with an ongoing process analysis team that looks for cost reduction opportunities that won’t impact customer satisfaction. This input is key to make sure a potential financial decision that may benefit the company does not negatively impact customer service.

The Park Place Difference

CFOs will not know that value without CIOs sharing the information. For example, CFOs and CIOs together can protect their business revenues and their business-critical IT by “sweating” their IT assets longer through value-added life-cycle support services. Maximizing payback and ROI on hardware infrastructure can yield financial benefits for the longer term.

There is a new category to look out for: Discover, Monitor, Support and Optimize (DMSO), that Park Place Technologies is uniquely positioned to deliver for its customers. It is a fully integrated approach to managing critical infrastructure that can help businesses manage data centre remotely, optimise network performance with analytics, and simplify the management of complex hybrid environments while realising cost-saving.  

As businesses continue their digital transformations, they depend on data that resides on-premises, in public and private clouds, devices at the edge and networks, and operation centers that span the globe. Managing these complex environments is increasingly becoming more difficult. Exponential increases in time, labor and cost, as well as the complexity of navigating a maze of service providers to establish clear accountability and support, requires a more intelligent and flexible approach as DMSO. We are all hoping the COVID-19 era passes quickly. But the long-term necessity and benefits of CFOs and CIOs collaborating will continue well beyond the current crisis and will remain an ongoing part of any business’s evolution, strategy and long-term health

Business, Contributed

Can cybersecurity keep up with flexible work arrangements?

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2020 will be remembered as the year the world experienced its largest ever work-from-home experiment as the global pandemic forced businesses to move operations online and adapt to a new distributed workforce.

As some markets around the globe gradually ease some restrictions and allow employees to go back to the office, the situation remains in a delicate balance and work as we know it has been redefined for many. Increasingly, organisations are embracing the new work model and the many benefits that come with it including increased employee well-being and better work-life balance. In fact, some organisations are now establishing permanent work-from-home policies with 60 percent of the largest companies integrating flexible virtual-physical collaborative environments by 2021, according to Bain & Company. This is supported by Lenovo’s Work From Home survey which found that nearly half (46 percent) of employees are as productive when working from home as they are in the office, with 15 percent saying that productivity increases at home.

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The survey also found that 87 percent of workers feel somewhat ready to adapt to a distributed, work-from-anywhere environment if required. So too are cybercriminals. The looming uncertainty among employees of the delicate, everchanging global circumstances, combined with their unfamiliarity with the new work arrangement, has created a wealth of opportunities for cyber-attacks. Cyber criminals are taking advantage of the situation to launch COVID-themed attacks, phishing attempts and spread fake news. In Malaysia, cybersecurity cases have seen a surge of more than 90% during the Movement Control Order (MCO) so far compared to the same period last year, CyberSecurity Malaysia revealed.

Watch for your blind spots

With employees accessing confidential data from various devices, locations, and unsecured networks, it opens more endpoints and vulnerabilities for cyberattacks. In our hyper-digital and mobile world, hardware security is becoming ever more critical, as across the globe, each person is expected to own 6.58 network connected devices in 2020. In fact, according to cybersecurity solutions provider Sepio Systems, there has been a 300 percent increase in the number of new connected devices from unknown vendors attached to the enterprise network.

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While a majority of employees are working primarily from home, it is only a matter of time before they begin heading back to shared workspaces, coffee shops and planes and once again enjoy the flexibility of working from anywhere. This means that an organisation’s network, database and confidential files may be accessed from unsecured VPNs, unknown networks, and rogue access points. Without proper security standards put in place, hackers can easily gain access to an organisation’s network via vulnerable devices and execute attacks remotely. Organisations must take this into consideration and be on the offensive to mitigate potential attacks before malicious entities infiltrate company systems and confidential data.

Adopt a Zero Trust mindset

The nature of a distributed workforce removes the luxury of face-to-face identification and validation. Tech Wire Asia reported that cyber scams based on COVID-19 becomes prevalent in recent months, as hackers look to capitalize on the virus-driven uncertainty affecting individuals, enterprises, and governments. This means that organisations must double down on their efforts in credential and access management and continue to educate employees to identify and weed out impersonation scams and phishing attempts. As hackers grow in sophistication, organisations and employees must take a Zero Trust. In order to protect business and employee data, organisations must implement a system to ensure that the right people have access to the right data at the right time, on a ‘need-to-know’ basis.

Empowering a distributed workforce with cybersecurity

To reap the full benefits of a distributed workforce in the long run, organisations must provide employees with secure devices and create a safe digital environment to operate in, allowing them to focus on the job at hand. This shift to a decentralised work environment means that IT teams must have extended visibility over digital platforms and the organisations digital ecosystems in order to identify and mitigate potential threats in a timely manner.

However, with the shortage of cyber talent and growing digital footprint, this can take a toll on IT teams. IT teams must be supported to enhance their capabilities with solutions that provide both hardware and software security. For example, Lenovo’s ThinkShield solution helps secure devices from development through disposal, giving IT admins more visibility into end points and providing easier and more secure authentication. Lenovo has also partnered with SentinelOne to leverage its behavioral AI technology to predict tomorrow’s attacks today and allow ThinkShield devices to predict cyberattacks and enable devices to self-heal from any attack instantaneously, adding another critical layer to our ThinkShield offering.

As employees have quickly adapted to new work structures in these unique times, organisations must also embrace the risk that comes with it and put in place the right measures and solutions to create a secure and robust environment for employees to operate in. One way Lenovo helps organisations empower employees is by offering services that supports remote workers. For employees who do not have access to IT helpdesks, Lenovo’s Premier Support allows for direct, 24/7 access to elite Lenovo engineers who provide unscripted troubleshooting and comprehensive support for hardware and software. This results in less downtime for end users when things go wrong, freeing IT staff up to focus on strategic efforts.

Only then will organisations and employees be able to reap the full benefits of a distributed workforce and build a stronger digital foundation to effectively navigate and succeed in the new world of work.

Business, Contributed

The Top Skills a Cloud Architect Needs to Be Successful

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As the world rapidly evolves, digitalization is taking place across all aspects of life, and ushering in a rise in cloud adoption. Today, it is vital for employees to understand and acquire the skills it takes to succeed and stay relevant for jobs in the digital economy. Cloud architects must keep up with the pace by adapting and expanding their existing skillset in order to be considered valuable candidates and employees.

As cloud adoption rises, it is not surprising to see growing demand for cloud expertise. Based on the Malaysian Institute of Accounts’ “MIA-ACCA Business Outlook Report 2020,” 25% of organizations in Malaysia say they are allocating at least 10% of their budget for technology, including investing in big data analytics (64%), cloud computing (57%) and more.[1] Yet, research shows that 90% of IT decision-makers report cloud skills shortages in their workforce.[2]

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When I first started out in the IT industry years ago, the role of cloud architect was almost nonexistent. However, cloud adoption has grown considerably since then, and the role of cloud architect is currently in high demand and will continue to present endless opportunities for business growth and innovation.

But first – what does a cloud architect do?

Cloud architects are responsible for managing an organization’s cloud computing architecture. They have in-depth knowledge of the architectural principles and services used to develop technical cloud strategy, assist with cloud migration efforts, review workload architectures, and provide guidance on how to address high-risk issues. To do this, cloud architects need a mix of business, technical, and people skills, as well as an understanding of the always-evolving, technical training that may benefit their team.

At Amazon Web Services (AWS), I lead a team of cloud solutions architect in Southeast Asia, and we are constantly on the lookout for individuals with a builder’s mentality and a desire to build, invent, and innovate on behalf of their customers. This is especially important as the role of cloud architect has evolved beyond just architecting infrastructure solutions like database and storage, to building and innovating reliable solutions that involve emerging technologies such as machine learning.

What skills are most important for a cloud architect?

Flexibility and Eagerness to Learn

A cloud architect must be able to work in a wide variety of scenarios and be open to learn the unique requirements of each project. With a curious mind-set, cloud architects can be better equipped to seek out new approaches to problem solving.

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Time Management

Cloud architecture professionals must possess strong time management skills. Their days are varied and can include customer meetings to discuss problems and needs and designing architectural frameworks for those needs. As such, cloud architects are mindful to plan their days, prioritize their time on tasks, and understand how to maximize small pockets of time.

Communication Skills, Business Acumen, and Decisiveness

Cloud architects are encouraged to ask for a seat at the decision-making table and be prepared to communicate their design to any stakeholder. Successful cloud architects know how to communicate to audiences with little or no technical knowledge, while aligning their recommendations to business imperatives and the bottom-line. Other than that, stakeholders also rely on cloud architects to provide guidance from a calm, leading place of domain authority.

Industry Technical Credentials

A cloud architect must also possess the necessary technical skills to serve as the foundation for cloud architecture planning and management, including basic programming, software development and continuous integration, database, networking and security skills, modern application architecture skills, and more.

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Additionally, cloud architects can attain an industry-recognized certification, such as the new AWS Certified Solutions Architect – Associate certification, which validates the ability to design and deploy well-architected solutions on AWS that meet customer requirements.

Over the last few years, I have seen cloud computing evolve from a relatively unknown technology to a leading driver of business results. While the technology has grown and changed significantly, most skills needed to succeed in its use have remained largely constant. By committing to understand how to use cloud to its full potential – and empowering the professionals who make that possible – we can make the most of the tremendous opportunity cloud creates for businesses and employees to thrive.

[1] MIA (Malaysian Institute of Accountants) and ACCA (Association of Chartered Certified Accountants), Business Outlook Report 2020, 2020

[2] Global Knowledge, 2018 IT Skills and Salary Report, 2018.

Business, Contributed

Cracking the Code to Digital Banking Success

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“We live in a time of great change. Thanks to technology, the rate of change around us continues to accelerate,” said Jim Whitehurst, president of IBM. Although today’s banking landscape in Asia-Pacific is proving slow to change, the springboards that could redefine banking are quickly emerging. 

One such springboard is regulators issuing digital banking licenses in the region. The Hong Kong Monetary Authority, for example, gave out eight virtual banking licenses last year. Awardees include Ant SME Services (Hong Kong) Limited, Ping An OneConnect Company Limited, Tencent’s Infinium Limited, and Xiaomi’s Insight Fintech HK Limited. Depending on the country, the licenses would allow non-banking entities to conduct banking activities such as taking deposits from retail customers and giving out loans to businesses. Since such firms are not required to have physical branches, they are also called online-only, virtual, or neo-banks. Examples of virtual banks in the region that are already in operations include Tencent’s WeBank in China, and Kakao Bank in South Korea. 

These new entrants, together with fintechs, have raised customers’ expectations of banking services. Recent research from independent research firm Forrester found that 77% of Asia-Pacific banking customers prefer to interact with their financial services providers on digital channels, especially in mobile-first countries such as Mainland China, India, Indonesia, and Thailand. Nearly three-quarters of them also believed that they should be able to accomplish any financial task on a mobile device. 

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As the incumbent banks in Asia-Pacific are finding ways to address those changes head-on, they also need to look at their IT infrastructure, which supports and enables their business models. This is because the IT infrastructure handles the most demanding compute transactions such as trading stocks, bonds, currencies, or derivatives, or allowing retail customers to make purchases using a smartphone app. 

Simplifying IT to drive better business outcomes

Established banks today are running on core systems that are often inflexible, expensive to maintain, and difficult to integrate with customer channels. Moreover, while integration is necessary, it is not sufficient to be able to create the technology platform flexibility necessary to lower operating costs, adapt to changes quickly, and optimize customer engagement. To overcome these challenges, banks in Asia-Pacific are working to transform their often monolithic, rigid, legacy IT architecture to a more open architecture that provides the agility to deliver dynamic business needs. This enables them to: 

Optimize operations by streamlining processes

Since a single customer record can have various finance-related transactions associated with it, banking systems based on application programming interfaces (APIs) can better service multiple activities associated with a single customer record. Banks can further improve operational efficiency by deploying an API integration tool, which connects externally facing APIs with the internal banking APIs and systems of record. It transforms and directs incoming API requests to the appropriate endpoint within the IT environment, allowing changes to the back-office without impacting customer engagement services.

The issuing of digital banking licenses and introduction of online-only financial institutions in the region have raised the expectations of banking services of today. With banking customers in the region preferring digital channels to interact with their providers, incumbent banks in Asia-Pacific will have to find ways to address these needs by looking at their IT infrastructure to support and enable their business model.

Additionally, banks can leverage microservices to expose individual functions, facilitating new service implementation as well as existing service updates. A microservices-based architecture can help banks better integrate their services into their partners’ platforms to deliver more services to customers. Since microservices can be reused, they also flexibly support and maintain production services by removing single points of failure in end-to-end flows. To reap the full benefits from microservices, they should be coupled with containers, which enable the portability of decisioning systems, across hybrid cloud environments.

Consistently deliver good customer experience in a standardized way despite changes in the business

Banks were initially built based on the branch office model, and were later supported by call centers and digital channels. These changes call for the IT architecture to be enhanced so that IT can effectively support new business models. However, there might be cases where IT architects missed integrating IT enhancements or new channels with existing operations, leading to data silos.  

This is where standards, which can be critical for processing within the back office, can help. They are able to provide a foundation for a uniform system blueprint that gathers more detailed and consistent customer data that can be more easily combined across different transactions and banking channels. Since banks do not have the luxury of shutting down operations to rebuild, applying consistent standards across the board helps to more easily modify processing while still running and maintaining established levels of customer support. API implementation and reuse from shared catalogs can help to enforce adherence to standards and accelerate delivery.

Support business agility through continuous delivery

As change is the only constant, banks need to be able to rapidly develop and modify servicing logic, business rules, and predictive models to adapt to changing customer demands, comply with new regulations, and respond to new competitive offerings. A modern, microservices-based architecture can help banks gain that agility by enabling them to adopt continuous integration and continuous delivery (CI/CD) so that they can build, deploy and manage apps quickly. 

Open source will be key to transforming the back-office

As more banks are embarking on the modernization journey to simplify IT, they are harnessing open source solutions to support customer engagement applications and deliver delightful customer experiences. According to The 2020 State of Enterprise Open Source: A Red Hat Report, 93% of IT leaders from the financial services industry globally said enterprise open source is important to their organization, and cited IT infrastructure modernization as one of the top three use cases for the technology. Respondents cited top reasons for using enterprise open source as being able to gain access to latest innovations and achieve higher levels of  security. 

Thailand’s Kasikorn Bank (KBank) is one bank that has benefitted from enterprise open source. It tasked its tech arm, Kasikorn Business-Technology Group (KBTG), to update and optimize its IT infrastructure to ensure that its mobile banking app is feature-rich, user-friendly and reliable even as the user base grew. KTBG did so by deploying Red Hat’s open source solutions, including Red Hat Enterprise Linux, Red Hat JBoss Enterprise Application Platform (JBoss EAP), Red Hat AMQ, and Red Hat OpenShift Container Platform.

Coupling the tech deployment with DevOps and agile methodologies, KTBG achieved the speed and scale KBank needed such that it can now handle 5,000 transactions per second. The open, modern IT architecture also enabled KBank to easily connect with its business partners’ systems to deliver more features on its mobile banking app, and provided a responsive, reliable application environment that reduced application development time from one month to two weeks. All in all, the changes that are reshaping the financial services industry offer established banks in Asia-Pacific opportunities to adopt technology that can increase their competitiveness and agility. In response to this, banks in the region have enhanced many of their customer-facing front-end operations with digital solutions. However, the front-office experience only makes up a small part of the entire process. Most of the servicing happens on the back end, often using numerous manual touchpoints that are rarely exposed to customers. Having a digital banking platform built on enterprise open source can help banks simplify IT and break down barriers between the customer engagement and back-office teams. With a stable yet flexible platform that can scale and adapt, banks can deliver a streamlined and frictionless customer experience that meets their expectations, therefore cracking the code to becoming successful digital banks that can compete effectively with new entrants.

Business, News

Nutanix Empowers Work from Anywhere in ASEAN

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As nations begin to start emerging from COVID-19 induced lockdowns, businesses are beginning to resume in a new normal; one where remote work and social distancing are the status quo. These new work realities are creating new demands on businesses to adapt. One of the many ways they can, is by adopting new or pre-existing technologies that enable remote work in a secured, business friendly environment.

Nutanix, one of the larger cloud software and hyperconverged solutions providers, has created a solution which allows businesses to quickly adapt to the growing demands of remote work. Their new “FastTrack for VDI” service allows businesses to pivot to remote work realities quickly and reduce the time needed to onboard employees working remotely. VDI – Virtual Desktop Infrastructure – allows employees to access sensitive documents from a remote machine while keeping documents within a secured environment. This opens doors to businesses dealing with sensitive data to enable remote work and put their employees health and safety first.

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The new initiative by Nutanix also allows businesses to quickly acquire and provision desktops within five business days. These desktops will come with configurations predefined by Nutanix enabling secure access for remote work employees. The service also gives businesses the flexibility to leverage existing hardware, select predefined Nutanix hardware or leverage managed cloud infrastructure from the company’s partners.

“In 2020, remote working has become our new normal. It is time for businesses to start planning for the long term and leverage technologies for a new business reality. Nutanix is committed to ensuring that Malaysian businesses have quick and easy access to the right solutions and technology to keep their staff engaged, efficient and productive throughout these unprecedented disruptions,”

Avinash Gowda, Malaysia’s Country Manager for Nutanix

With the new service, businesses who were already in the midst of their digitization journey will be able to continue and accelerate their efforts while those yet to begin are provided with a fast track.