TekFinancial Solutions® A Division of Tekmark® Global Solutions, LLC

Cloud Services Overview

100 Metroplex Drive Edison, NJ 08817 ph. 732-572-5400 www.tekfinancialsolutions.com100 Metroplex Drive Edison, NJ 08817 ph. 732-572-5400 www.tekfinancialsolutions.com

William Adiletta, President732-572-5400 Office

917-859-8545 Mobile

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Agenda - Cloud Services Overview

TekFinancial Solutions Overview

What is Cloud Computing– The New Service Delivery Model

Complexity and Cloud Computing

Cloud Computing Advantages / Disadvantages

Questions Clients ask about Cloud Computing

Cloud Computing – KPI’s of the new paradigm

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TekFinancial Solutions® Overview

Panelist: William Adiletta, President, TekFinancial Solutions

Division of Tekmark® Global Solutions, a global company with 19 domestic and international locations, founded in 1979.

Financial vertical specializing in value-added solutions with subject matter experts in banking, brokerage, asset management, and hedge funds.

TekFinancial Solutions offers our clients market leading insights into best practices to leverage emerging technologies such as Cloud Computing for cost reduction and competitive advantages.

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The Collapse of Complex Systems

Complex societies collapse because, when stress arrives, those societies have become too inflexible to respond.

Why didn’t these societies just re-tool in less complex ways?

It is because they cannot.

When the value of complexity turns negative, the inability to react and the tendency to remain as complex as ever ultimately lead to collapse, which is simply the last remaining method of simplification.

“When society’s elite members add one layer of bureaucracy or demand one attribute too many, they end up extracting all value

from their environment.”

-Joseph TainterThe Collapse of Complex Societies 1988

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Cloud Computing a response to Complex Systems?

Is Cloud Computing a response to Complex Systems?

History proves that trying to take a new paradigm and forcing it to an old model is a formula for missing the value of the new technology and ultimately failure.

Examples of paradigm shifts and 5 9s: – Web hosting– Cell Phones– Windows OS

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What is Cloud Computing?

Cloud Computing often called “IT delivered as a Service” (ITaaS) generally refers to the abstraction of computing, infrastructure, and storage resources accessed remotely in which the costs are incremental

Cloud Computing paradigm variations can include:

Hosting

Utility Computing

Managed Services

SaaS / IaaS / PaaS / HaaS

Co-location (specialized clouds, i.e. low-latency facilities)

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Cloud Computing Advantages

Incremental capital costs

Incremental scalability costs

Lower start-up costs

Faster time-to-market

On-demand resources

Per-user billing

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Cloud Computing Disadvantages

Loss of control

Inflexibility

Limited IT support

Lack of Transparency

Data breaches and losses

Cloud services enter firms outside of IT control

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Questions our clients ask about Cloud Computing

What are the risks of Cloud Computing:

Long term viability of the company

Use single or multiple clouds

Reliability Controls

Security

Transparency

SLAs

Regulatory Compliance (PCI, HIPPA)

SAS 70 Type I & II sufficient? What is on the “list”?

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Cloud Computing – KPI’s of the new paradigm

KPIKPI Objective Objective ImprovementImprovement

Services - Average Time to Market

100-1000 fold improvement

One month to one minute

Average Cost Per Service Delivered and Supported

10-100 fold improvement $50 to $1.50

Service Range, Richness and Adaptability

10-100 fold improvement 5-50 services per customer

Revenue Enhancement Up to 10-fold revenue increase

$2-$100 per customer per 3rd parties

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Translating KPIs Into An Actionable Timeline: A Simplified View

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Clouds - A Lesson in Verse

I’ve looked at clouds from both sides now

From up and down, and still somehow

Its cloud illusions I recall

I really don’t know clouds at all

Joni Mitchell

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Thank you!