Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

'Absolute garbage': Comm Bank CIO dismisses security, data sovereignty as cloud barriers

Commonwealth Bank CIO makes case for cloud at Amazon Web Services event
'Absolute garbage': Comm Bank CIO dismisses security, data sovereignty as cloud barriers

Commonwealth Bank CIO Michael Harte today told participants at a Sydney event organised by Amazon.com's cloud computing arm, Amazon Web Services (AWS), that data sovereignty and security have been used as unjustified excuses to stop businesses moving to the cloud.

"The favourite [excuses] I used to hear when I talked to the big household names in infrastructure equipment was, 'It doesn't look very secure Michael. You can't do that. And there's data sovereignty; you'd want to look very, very carefully at that. And this on-demand pricing — no we just can't do that we've got rules saying specifically we can't."

Harte condemned the excuses as "absolute garbage".

CBA has shifted a dozen on-premise applications to the cloud, Harte told the audience at AWS's Customer Appreciation Day event. "The operational cost reduction is huge," he said.

"We've halved storage costs, we've halved most of our app testing and development cost. We've got a wide range of technology functions as a service. We've got application development, testing, infrastructure, software and storage."

Harte said the bank was looking for a "40 per cent improvement in pricing across all the things that we consume as a service".

"We've saved already tens of millions of dollars in the small initiatives that we've done. And we're looking forward to saving hundreds of millions of dollars buying specified services on demand."

Beyond costs, Harte said the benefit of cloud was in changing the relationship of IT with business partners within an enterprise — "the happiness that you can get from your business partners because you're delivering services up on demand within minutes or within days rather than within days, months, weeks, that it normally took."

Harte said that Australian businesses haven't moved fast enough to embrace cloud and urged the audience to "get in front of the executive committees of your business and talk to them about the ways we can free up spending and make IT a valued partner".

AWS overnight publicly launched its Asia Pacific (Sydney) Region, offering customers access to two data centres.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: cloud computing
Latest Blog Posts
Whitepapers
  • 5 Best practices to make security everyone’s business
    Employees are one of your greatest risks to information security. We share five proven techniques to strengthen your security strategy and protect your business.
    Learn more »
  • VDI Solutions Guide
    The IT industry has been abuzz promoting the idea of virtual desktop infrastructure. But despite its advantages, adoption has been slow, and many organizations have abandoned their VDI initiatives. This paper explores how a new flash-based approach can overcome the key VDI pitfalls, and deliver a solution that both end-users and IT administrators will love.
    Learn more »
  • Case Study: Fox Sports
    Fox Sports Australia needed a way to deal with explosive data growth while moving to a new purpose-built studio and production facility. Read how an internal private broadcaster helped the broadcaster meet these challenges while savings costs, decreasing system implementation time and reducing IT support calls by 75%.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments