C lo u d C o m p u t i n g
CO V E R S TOR Y
“The best thing about a private cloud is that you can get up and running with a new virtual machine within minutes without buying and setting up hardware each time. Once you’re sure that the application needs more resources, only then you have to invest in new servers.” Ravikiran Mankikar General Manager IT, Shamrao Vithal Co-operative Bank Ltd
About the company Company Name: SVC Bank Industry: Financial Services Corporate Headquarters: Mumbai, India Employees: 1,280 Annual Revenue: $220 million Website: www.svcbank.com
were able to build secure virtual silos so that sensitive data of each banks is safely segregated from other banks’ data. Smaller banks now have high faith in our solution and we are constantly adding new customers,” says Ravikiran Mankikar, General Manager IT, Shamrao Vithal Co-operative Bank Ltd. The infrastructure helped the bank reduce its impact on the environment by lowering power consumption by 25 percent. As a result, it cut its power costs by 15 percent. The bank has also setup a complete online DR site using exactly the same virtual infrastructure. This helps the bank get up and running in case of a disaster within minutes instead of days and hours and that too in an automated way.
Photo by Jiten Gandhi
Next steps SVC bank now plans to provide the core banking application and other systems as a managed service to more banks. Currently the service is offered at a fixed monthly rental for the banks. “Since most of our customers do not have IT expertise, a monthly charge irrespectable of usage gives them the opportunity to use our
advanced core banking solution without worrying about the IT infrastructure behind it. As the market evolves, we might look at offering the solution on a pay-per-use basis,” Manikkar says. “The best thing about a private cloud is that you can get up and running with a new virtual machine within minutes without buying and setting up hardware each time. Once you’re sure that the application needs more resources, only then you have to invest in new servers. This makes the investment staggered unlike the traditional model wherein you need to make all the investments upfront,” he added. SVC bank has been running the private cloud for almost two years now. While most organisations are jittery about putting their core applications on a private cloud, SVC bank not only successfully deployed its core banking solution on a private cloud but according to Manikkar, the infrastructure has not seen even a single breakdown in the last two years. In fact, looking at the ease of management and multitude of benefits the company has attained, Manikkar suggests that every enterprise should seriously consider cloud for a sustainable growth as CIOs would find it increasingly difficult to add capacity and manage infrastructure in a traditional data centre model.
The Chief Technology Officer Forum
cto forum 21 November 2011