Why Smart Cities need solid cloud computing foundation

A city is not just as smart as its people, but also as much as its computing prowess and in that department cloud is the over-arching technology with super computer-like proficiency. The First-ever IDC Smart Cities Spending Guide released in March this year predicted that spending will accelerate over the 2016-2021 forecast period, reaching $45.3 billion in 2021. In Asia-Pacific (except Japan) alone, the Smart Cities will consume $28.3 billion in 2018 alone! With such investment-heavy projects in the offing, use of the best technology in business is only just organic.

About Smart Cities
 
To have sustainable economic development and improve the quality of life of citizens, countries all over the world are proceeding towards establishing ‘smart cities’. Now, any city cannot be termed smart if it has certain amount of automation incorporated in its system. A city can be called 'smart' if this economic development and high quality of life is achieved along with organized conservation of natural resources as well as with participation from its citizens. The investments in human capital and technology should produce a smart city that include networking applications, data management and optimization, sensors, software and real-time information analytics that can transform the urban environment and address specific needs.

Thus, use of ICT solutions is inevitable. These can help in resolving urban problems and monitor their functions. While new technology and innovation are the need of the hour in any Smart City solutions, there is also the need of great capacity.

Cloud Technology 

A common string that connects the entire smart city is data and not just some but terabytes and petabytes of data that gadgets connected to people, buildings and transportation among other things create. Without a strategic approach to control this data smart cities cannot deliver on their promise.
Handling such huge quantity of heterogeneous data requires high storage capacity and computing power. For this, the continually developing cloud computing scenario coupled with Internet of Things needs to be widely deployed in cities. The cloud will facilitate storage, integration, processing and analysis of this big data in low time frames.

Currently, many citizen services involving IT are delivered by domain-specific vendors through tightly coupled systems. Services like transportation or health care have domain-specific application requirements leading to isolated systems with firmly joined infrastructure and application logic. Scalability is a challenge in these systems, and the creation of new services is hampered due to closed relationships between stakeholders. Cloud solutions can reduce such intergovernmental silos wherein different departments have no idea or understanding of what other departments are doing. Such domain-independent, cloud-based service-delivery platform for smart cities delivers an open and scalable platform and encourages collaboration between stakeholders in both IoT and clouds.
Cloud solutions can also support both public and private deployment models. In the former, the stakeholders can keep their applications on a public cloud while in the latter, they can deploy services on equipment at their own sites and feel the maximum potential of privacy and security requirements.
The rise of IoT has given birth to thousands of interconnected devices that can be exploited for mischievous purposes posing demonstrable security risks that clouds can aptly eliminate.

Clouds also help in extracting maximum value from the data received since not all data needs to go to the same applications all the time, but the right data needs to get to the correct applications at the right time. Clouds can help in managing data across all environments including edge, data center, private, public, hybrid clouds and the billions of connected devices being added to the network.
Thus, a well-built cloud platform can offer a cohesive, single-window view with quick scalability that enables quicker processing of the data at the source for faster and more accurate results.

Well, we reserved the biggest benefit for the ending note! Clouds can enable operations cost reduction in Smart Cities. A city is not a smart one until it utilizes its resources optimally and that also includes capital.

About US:
 
A city is not a smart one until it utilizes its resources optimally and that also includes capital. For more information, Visit us at: smart city architecture AND smart cities in India

The Digital Banking Benefits You Need to Know About

Many of us cannot imagine a life without online banking. Transfer of funds, checking of accounts, making payments, everything can now be done with a few clicks on the computer or the phone. Besides these benefits, digital banking offers a lot more to the public who want to open their eyes and see it. It is also crossing a lot of barriers to bring about real change in the world of banks. Recent advances in the banking and financial sector like blockchain, IoT, eKYC and artificial intelligence are all digitally-inclined. While banks, small and big, all over the world take the automated push, the above mentioned modern modes are all set to change the way we look at banking today. Here’s a peak in to what advantages does digital or online banking offer: 

1. Easy-Peasy: Though Digital Banking has not entirely replaced the brick and mortar banks; it is definitely the more preferred option. Long queues have been cut and reasons to visit a bank in physical have reduced to almost none. Everything from opening and account to managing savings can be done online. Banks too are adding more and more services on their web portals that are refurbished as many times as needed. A virtual account in which you can actually view your monetary arrangements clearly has helped people have a more organized financial life.
Apart from this 24x7 online banking services is another added advantage for users who feel more in control of their accounts and finances.

2. Mobile Banking: Today most banks have their own mobile apps that provide all the advantages of online banking on the phone. The evolution from text alerts and phone banking to app banking services has been an important one. It is quicker and more convenient. Check up on your account when you are out shopping or conduct speedy real-time transfers when you are making a purchase, mobile banking is definitely making online banking easier.

3. Money Applications: After demonetization in India, money applications like Pay TM and TEZ have gained supreme popularity. These apps can automatically sync with one’s online banking information and helps in adhering to targeted budgets while shopping or purchasing. Many of these apps work on both the computer and mobile device for higher degree of information when one the go. E-statements are also important to be prevented from overdrawing one’s account.

4. Security: While online transactions are always marred with a certain sense of insecurity, experts believe that if one is careful there is no safer or private system. Firstly, clear cookies after any banking session at a public computer. Create long and complicated passwords that cannot be hacked. Don’t ever share your online account information with anybody. Always keep a track of your credit report. Prevent yourself from identity theft with these measures.

5. Cost-effective: For banks, digital banking has lowered the operating costs by eliminating back-office processing operations, fewer mistakes and fewer branch visits needed to less staff requirements. Yes, going digital does mean investing in a reliable and scalable IT infrastructure but it also means independence from legacy systems that often stall a bank’s progress. Apparently, banks are worried about investing in for a change but smarter businessmen always know that not investing in a change might prove to be costlier later.

These benefits of insignificant infrastructure and overhead costs helps banks to better serve their customers by lowering interest rates on savings and loans. No minimum balance accounts and no service fees is a result of such automated banking.

Meanwhile, digitalization in banking has already put a stop on several malpractices like circulation of counterfeit notes which has been a major threat to the economy since many years. Also, taking customer feedback has become easy now enabling the banks to give better services. Digital banking also means more digital data and this means that big data analysis can be carried out by banks to analyze data accurately. This will eventually lead to better decision making, more cost-effective solutions, and improved customer experience.

About US:

Digital banking also means more digital data and this means that big data analysis, for more information visit us at: Digital Banking AND mobile banking solution

Cloud metering and billing exactly how you want it!

Background

Cloud computing is not an option anymore, rather it is the standard for businesses to run their applications. Cloud computing helps orchestrate IT infrastructure and provide IT services as a commodity on a services based model. For businesses either renting these services or owning them privately, it is implied that the Cloud Service Providers provide insights with respect to resource utilization and metering for capital management and auditing.

Each cloud service provider has his own way of deploying resources and metering them, and that differs from the traditional IT business model, from procuring resources to providing them for deploying services. Improved IT infrastructure management, granularity in resource metering and ability to determine expenditure per service, changes the capital expenditure model to an operational expenditure model.

CIOs who know where their money comes from are in better control of their finances. Charge-back or show back can help to engage the business in IT spending and value, but the effort must be worthwhile. Some CIOs simply want to stop the business from consuming more and more IT while blaming them for the cost and asking them to make it cost less.

Well-implemented charge-back can make the relationship between spending and revenue more transparent and intuitive. This reduces the need for expensive governance committee meetings and management interventions, freeing the organization to focus on optimizing all business spending.

Charge-back is often a source of contention between IT executives and business leaders, but it need not be. CIOs can use charge back to transform their team's relationships with business stakeholders, improve financial transparency, and gain additional funding.

As a cost-center, IT budget always comes from charge-back against the organization's business revenue, even in cases where the IT organization does not directly charge back for IT services.

Organizations that lack financial transparency in their service delivery are vulnerable to time consuming audits and unbudgeted tax invoices.

Public cloud service providers, handle the overhead of managing IT hardware infrastructure while organizations can focus on their core business functionality. In private cloud set up owned by organizations, the entire stack is managed by the owner or outsourced to third party service integrators. In both cases regular insights on resource metering with respect to cost is required for planning and correct strategic decisions.

Efficient IT infrastructure management is incomplete without aligning IT resources with cost. It is also essential to map the consumption of these resources per user in order to determine efficiency and profitability. Gathering data and generating insights is necessary for continuous improvement and getting maximum returns on investments.

Multi-Billing in eNlight Cloud Platform

eNlight Cloud Platform goes out of the box with cloud metering and billing. Being a leader in cloud orchestration software, the platform provides IT infrastructure management, enables application deployment on virtualized resources, multi-tenant operations and multi or flexible billing models.

At the base level eNlight Cloud Platform provides virtual machine resources metering. Real time processor, memory, disk and bandwidth utilization is provided for static as well as dynamically auto-scalable virtual machines. These resources can be directly mapped with per unit utilization and that provides statistics with respect to monetary utilization of resources.

eNlight platform’s multi or flexible billing module combined with multi-tenant architecture, enables businesses gather monetary resource consumption statistics at a business unit, department and individual user level. The cloud platform provides multiple billing models that match almost all business models like:

1.         Dynamic Pay-Per-Consume

2.         Fixed Pay-Per-Use

3.         Service-Based Billing

Dynamic Pay-Per-Consume Billing

Charging resources based upon consumption against allocation is Dynamic Pay-Per-Consume billing. Dynamic Pay-Per-Consume billing leverages eNlight Cloud Platform’s Auto scaling technology to provide charge back mechanism for IT resources based upon consumption rather than allocated resources.

eNlight enables users to deploy auto-scalable virtual machines that scale dynamically as per resource requirement. Compute resources are allocated and deallocated from the virtual machine in real-time. Due to auto scaling virtual machines can run at bare minimum resources and can demand resources as and when required. For example, a virtual machine can run with minimum 2 vCPU and 2GB RAM at 02.00 am and can demand 4 to 6 vCPU and 12 to 16GB RAM in the peak time at 12 pm. This leads to dynamic resource utilization, having wavy resource utilization graphs.

eNlight Cloud Platform allows billing of such dynamic resources at the granularity of minutes. Dynamic virtual machines are provisioned with min / max resource capping. These virtual machines scale between the min / max resource caps. At any point the virtual machine would be consuming resources in between that resource capping. In this case dynamic Pay-Per-Consume billing allows dynamic resource metering and charge these consumed resources based upon the per unit rates defined in eNlight cloud platform’s charge back system.

The platform’s auto scaling feature enables achievement of greater server consolidation ratio while Dynamic Pay-Per-Consume Billing enables cloud resource metering based upon consumption of these auto-scalable virtual machines.

Fixed Pay-Per-Use Billing

Charging resources based upon allocation is Pay-Per-Use Billing. Essentially it is direct billing based upon the units allocated from the pool of cloud resources. As opposed to Dynamic Pay-Per-Consume billing, Fixed Pay-Per-Use billing charges resources based upon their allocation. This is the conventional billing model that the entire cloud market implements.

In eNlight Cloud Platform, a virtual machine with fixed resources can be provisioned which are known as Static Virtual Machines. For example, a VM with 8 vCPU and 12 GB RAM. The resource consumption of static virtual machine equals to the allocated resources. This leads to fixed resource utilization, where the resources can be charged on fixed flat rates.

Services-Based Billing

Charging tenants based upon service deployment is Service Based Billing.

In eNlight Cloud Platform, a service can be deployed in the form of group of related resources. For example, a mail service which consists of email server and backup servers; this group of resources can be charged flat based upon the charges and policies defined in eNlight Cloud Portal’s system.

Service-Based Billing is different from Pay-Per-Consume and Pay-Per-Use in a sense that it enables to set flat rates and charge group of services based upon these rates defined in the system. This flat charge-back model allows to group application deployments and resources under one common financial entity and simplify billing of related resources.

Conclusion

Cloud is de facto approach to deploy services and manage IT infrastructure, and having a clear view of resource metering from a financial perspective is critical. eNlight Cloud Platform provides multiple options a charge back models that suits almost all business requirements. Service Based Billing enables charging group of resources with fixed flat rates across different services deployed across departments or business units.

eNlight provides highly granular resource utilization metering which can be charged using Pay-Per-Consume and Pay-Per-Use billing models. Pay-Per-Use billing provides more control and better granularity in terms of charging IT resources. These resources are charged against static utilization while different rates per unit can be configured in the system. Dynamic Pay-Per-Consume billing model is exclusive to the platform which leverages eNlight’s patented auto-scaling technology to provide charge back mechanism for dynamically scaled resources in real time.

With eNlight Cloud Platform’s, multi-billing combined with multi-tenant architecture CxO’s can experience the next generation IT resource management from a single cloud management portal.