The Strategic Consumerization of IT

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cloud computing usage

It’s fair to say that Cloud computing presents both a great
opportunity, and a significant challenge, to CIO’s looking to develop
IT and business strategies for the next two to five years.  Cloud
computing will have a significant and long-term impact on the way
businesses consume IT resources, not least because it could change both
who provides those resources and how they are delivered.  In fact, it
will change the way businesses use IT in much the same way that the
mobile computing is changing the way we, as individuals, communicate –
faster, more chaotic and highly distributed.  These changes will happen
in unpredictable ways, rarely when we expect them, and often with
unforeseen consequences.
One of the great business benefits of cloud is that it accelerates the
way an organization can define, identify and consume IT resources- which
in turn accelerates the business capacity to respond to market trends
and opportunities.  In short, it decentralizes and accelerates the way
that IT usage will evolve within the business.  That might be good for
some aspects of the business, but it presents challenges for CIOs
wanting to define and optimize IT strategies to present that draw on
efficiencies of scale that are better business aligned.  Specifically,
if every part of the business now feels empowered to go and source some
portion of their own IT resources through multiple cloud providers, CIOs
will have a hard time defining anything, least of all a plan to
eliminate inefficiencies and duplication.  Simply tracking IT usage may
become impossibility.
However, savvy CIOs are also looking at Cloud to present a better way to
deliver what the business needs, faster, and in the way the business
needs it.  Cloud could redefine the delivery of IT resources in much the
same way that just-in-time redefined the way organizations thought about
supply chain management.  By providing guidance, policies and expertise
down to the business units, and presenting a well-managed framework
within which to operate, successful CIOs will be able to cement the role
of IT far more firmly within the business processes they serve than
perhaps has been possible before- but in a way that is very different
from that role today.
It’s too early to fully appreciate how the emergence of Cloud
technologies will change the way businesses address their technology
needs, and it’s likely that predictions based on our current
understanding will miss the mark both on the scale and the way in which
changes occur.  However it’s not too early for CIOs to begin to think
about how to integrate Cloud delivery methods in the way they enable
business users to meet their goals, and to start to offer guidance and
expertise in the use of Cloud resources.  Cloud is already changing the
both lexicon and the expectations around business IT usage; it’s vital
that CIOs now engage in the dialogue, and set the ground rules for the
conversation.

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The Future of Mobile Banking

image

where do I believe the retail banking industry will be in 3-5 years with mobile
commerce?”

Let me start by stating that we’re still early enough in the mobile channel evolution that folks aren’t necessarily even clear on thevdefinition of mobile commerce.

What’s included in mobile? What’s included in commerce?

Mobile Commerce Defined:
My definition of mobile commerce includes all things mobile that allow a
consumer or business to conduct information based and transactional
activitiesin a non stationary environment.

I’m sure you can poke holes in this definition, but in the spirit of
keeping things simple let’s go with that.

Focusing specifically on retail banking let’s narrow the definition down
further to include consumers only.

So stating the obvious first, we’re
seeing an onslaught of consumer adoption of smart phones and tablets

Part of this drive is due to the perceived value of mobile applications on these
devices.

Your bank or credit union either is offering some sort of mobile channel capabilities or is feverishly working towards that end.

There will bevcontinued improvement in the mobile channel for several years
much as we saw with the online channel.

Change is Inevitable In 3-5 years we will have moved from the basic foundational mobilevfunctionality such as viewing your account balance or finding the
closest branch, to more sophisticated money movement activities such as P2P payments,

global remittance and location based services. These latter activities take a more complex ecosystem of technology and partners to enable and will require
trials to prove out the technology and security.

Security ChallengesvBanks also face the risk of nontraditional competitors competing invvarious areas, particularly mobile payments. As different business
models and financial regulations emerge nothing can be taken for granted.

Retailvbanks need to be refining their mobile strategies and ensuring that they
are securing the necessary expertise and resources to deliver the required
customer experience that’s demanded.

The mobile road map is not entirely clear as to functionality, technology or even the key players, but what is certain is that it willvmove at a pace
faster than any other banking channel we’ve. What do you in the next 3 to 5 years?

Cheers

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Cloud Computing Security & Privacy

Companies sometimes fear using a cloud computing solution for security and or privacy issues. In February of 2011 the National Institute of Standards and Technology (NIST) issued two new draft documents on cloud computing. These documents included guidelines for managing security and privacy issues involving cloud computing.

Below are the four key guidelines recommended by NIST
•       Carefully plan the security and privacy aspects of cloud computing solutions before engaging them.
•       Understand the public cloud computing environment offered by
the cloud provider and ensure that a cloud computing solution satisfies organizational security and privacy requirements.
•       Ensure that the client-side computing environment meets organization security and privacy requirements for cloud computing.
•       Maintain accountability over the privacy and security of data and applications implemented and deployed in public cloud computing environments.
Choosing a vendor that uses the best security and privacy measures to deliver your messaging can be mission critical to your business. When selecting a fax cloud provider, you will often hear about VPN, HTTPS and Secure FTP connectivity for passing your data back and forth, but there are other critical elements to examine.  Make sure the data centers they utilize can pass tight scrutiny; securing data within an application is
only part of the challenge.  Data within the applications must adhere to the strictest security policies.

For example, who has access to your data, under what conditions would someone need to view your data and what reporting and event logging occurs when it is accessed.  In addition, make sure you examine the organizations change control and security policies.  Most buyers merely accept the Service Level Agreement (SLA) as their foundation for the agreement, but the SLA is only as good as the policies the provider utilizes to secure your data.

Cheers.

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is cloud computing making CIOs more strategically important?

It’s fair to say that Cloud computing presents both a great opportunity, and a significant challenge, to CIO’s looking to develop IT and business strategies for the next two to five years.  Cloud computing will have a significant and long-term impact on the way businesses consume IT resources, not least because it could change both who provides those resources and how they are delivered.

In fact, it will change the way businesses use IT in much the same way that the mobile computing is changing the way we, as individuals, communicate faster, more chaotic and highly distributed.  These changes will happen in unpredictable ways, rarely when we expect them, and often with unforeseen consequences.

One of the great business benefits of cloud is that it accelerates the way an organization can define, identify and consume IT resources- which in turn accelerates the business capacity to respond to market trends and opportunities.

In short, it decentralizes and accelerates the way that IT usage will evolve within the business.  That might be good for some aspects of the business, but it presents challenges for CIOs wanting to define and optimize IT strategies to present that draw on efficiencies of scale that are better business aligned.  Specifically, if every part of the business now feels empowered to go and source some portion of their own IT resources through multiple cloud providers, CIOs will have a hard time defining anything, least of all a plan to eliminate inefficiencies and duplication.  Simply tracking IT usage may become impossibility.

However, CIOs are also looking at Cloud to present a better way to
deliver what the business needs, faster, and in the way the business needs it.  Cloud could redefine the delivery of IT resources in much the same way that just-in-time redefined the way organizations thought about supply chain management.  

By providing guidance, policies and expertise down to the business units, and presenting a well-managed framework within which to operate, successful CIOs will be able to cement the role of IT far more firmly within the business processes they serve than perhaps has been possible before- but in a way that is very different from that role today.

It’s too early to fully appreciate how the emergence of Cloud technologies will change the way businesses address their technology needs, and it’s likely that predictions based on our current understanding will miss the mark both on the scale and the way in which changes occur.  However it’s not too early for CIOs to begin to think about how to integrate Cloud delivery methods in the way they enable business users to meet their goals, and to start to offer guidance and expertise in the use of Cloud resources.  Cloud is already changing the both lexicon and the expectations around business IT usage; it’s vital that CIOs now engage in the dialogue, and set the ground rules for the
conversation.

=Cheers=

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Content Management System using PHP

A Content Management System can be developed using PHP web development.
A CMS is meant to ease the process of adding and modifying new content to a webpage. As we all know that PHP is an web development technology.
Developing a CMS using PHP programming makes easier to create, edit and publish content on website. Typically a good CMS allows non-technical
authors and editors to easily and quickly publish their content. Use of PHP application development removes technical hurdles in the publication
of content and can also reduce the need for training while facilitating more people to publish. At the same time, it reduces the daily stream of
calls to the IT department for changes to the website. PHP web development reduces time-to-publish, allowing you to get content
published faster.

This is an important issue for the modern organization. The quicker you get key content published, the more value it creates. PHP programming services allows you to design a common and consistent information architecture (metadata, classification, navigation, search, layout and design). PHP applications allows for the consistent management of metadata through content template structures. One of the greatest benefit is it significantly
improves search process. Basically, if the appropriate metadata is captured on all documents, then people can find the right content a lot
more quickly. A CMS developed using PHP can facilitate better content security.

It can control who is allowed to publish to the website, and
who is allowed to see what content. A CMS in PHP can allow you to more
easily measure the success of your publishing efforts. You can track who
is publishing what, how quickly content is getting published, whether
the publication schedule is being adhered to, whether out-of-date
content is being removed quickly enough, etc. A CMS really comes into
its own when you have a lot of authors and editors, based at multiple
locations, publishing substantial quantities of content on an ongoing
basis. Without a CMS, such an environment can become a nightmare to
manage. If you don’t use PHP apps development in your cms then the
content quality is not properly monitored and becomes inconsistent. The
navigation and layout changes from section to section, creating a
frustrating experience for the reader.

If you are looking to HIRE PHP developers [3024] for developing your
content management systems, then Mindfire Solutions is indeed the best
choice. At Mindfire Solutions, we have developed PHP programming teams
where our Programmers have gain adequate expertise. We give a lot of
importance to customer satisfaction. Mindfire Solutions has been able to
draw a profound line of quality work in CMS using PHP application
developments across the globe. We can develop any complex or critical
web dynamic pages under your timelines and budgets. The services offered
by us are:

PHP Content Management System (CMS) development
PHP Document Management System (DMS) development
PHP Web application development
PHP Web services development
PHP Programming and scripting
PHP Remoting development
PHP Product development
PHP Reports development services
PHP Porting and Migration
PHP Consulting
PHP Flex/Flash integration
PHP support and maintenance services
PHP Server Administration and Support services
PHP QA/testing services
PHP for RIA web sites

=Cheers=

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Where we are in Mobile banking

All said and done, this channel is not widely accepted by people and to a great extent by commercial banks. Most of the mobile device manufacturing giants and pocket-app companies are introducing new products in the market.
People are apprehend to use these products and devices because of
security concerns, while this channel is as authentic as web-sites.
Second biggest reason is learning – downloading mobile applications
suited for your handset, set-up the procedure, get authenticated by
customer’s bank is a tedious (but one time) process, which not worked
well due to normal customer latency. “In developed countries, there
were a lot of mobile banking services and they failed,” says Ignacio
Mas, an economist who works for the Bill and Melinda Gates Foundation.
The reason, he believes, is that for people who already have access to
banks, as most people in the developed world do, it’s difficult for such
services to compete.
Some of the main usage which are working well in the mobile banking are:
- SMS based alert system
- SMS based general enquiry (e.g. total balance in account)
- Authorization and Authentication code
- PIN services
One of the biggest factor which may prove this channel successful is-
easy availability of the smart phones (at cheaper cost) and pocket
applications. Additionally, technological advancement in network
specially 3G technology, which is available in most of the countries at
an affordable price(penetration of 3G is not yet known). Using 3G on
smart phone will provide an eco system for the mobile banking to
accelerate convincing customer to use mobile banking. (Smartphone sales
worldwide grew 12.7 percent in the first quarter of 2009, according to
recent figures from research firm Gartner)
The next big thing which will make people aware of the concept and
technology is electronic wallet , which has already been tested by VISA
and Master cards. This technological advancement exploits the NFC chip
concept and provides many banking features on the mobile mainly
contactless payments. This works similarly as chip-n-pin device with
contactless facility. Once this is proven in a wider market and people
start using, it will be more convincing factor for the banks to customer
to get fast adoption of other tools and techniques.

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