Implementing Cloud Computing Solution 2022

   

Added on  2022-09-30

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Running head: IMPLEMENTING CLOUD COMPUTING SOLUTION
Implementing Cloud Computing Solution
Name of the student:
Name of the university:
Author note:
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IMPLEMENTING CLOUD COMPUTING SOLUTION1
Executive summary
The cloud computing has specifically risen to be the primary way of fundamentally shifting the
workloads and managing the errors of the business organizations, it has proved to be the game
changing solution to the world of business, the report will discuss about the implementation of
this emerging and efficient technology or the cloud technology in the banking sector. The report
evaluates the scenario of the Australian based Banking organization, Commonwealth Bank of
Australia which is considered to be on of the largest banks in the country of Australia. The bank
has several networks across the globe but the primitive methods have diminished the progress of
the business organization and are facing numerous breaches. The report will discuss about the
technology belonging to the cloud as well as the advantages of the same within the field of
banking or the current scenario of the CBA. The report will also evaluate the business process
application, cloud deployment importance and strategy in the bank. The justification of the new
implementation will also be provided. The report assesses the implementation according to the
issues like the Ethical issues, governance, maintenance and security. The report figures out the
implementation process and steps for the cloud computing technology in the organization.
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Table of Contents
Introduction..........................................................................................................................3
Business Process of Common Wealth Bank:...................................................................4
Cloud Deployment Requirement for the organization:...................................................6
Cloud Deployment Solutions and Justification:..............................................................9
Cloud Computing Solution Issues:................................................................................12
Implementation of Proposed Cloud Computing Solution.............................................14
Conclusion.........................................................................................................................17
References..........................................................................................................................19
Appendix............................................................................................................................22
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Introduction
Commonwealth bank is considered to be leading provider of some of the integrated
services. It is mainly inclusive of retail, premium and banking services, managing funds,
insurance and different banking product and services. As stated within the bank Act of 1911, the
commonwealth bank was founded. The operation was founded in the 1912 which is empowered
to provide both saving and banking services (Ramgovind, Eloff and Smith 2016). Currently, the
business had experienced growth to more than a count of 800,000 shareholders as well as 52,000
people within the group of commonwealth. The organization has the primary objective to
provision with a full range of services related to finance so that it can help Australian for
building and managing their finance in most suitable way. The organization has come up with
plan of integrating cloud computing solution and virtualization in their business (Rolim et al.
2018). Virtualization can bring huge number of benefits like increase in ROI, much better
flexibility and budget integration. Virtualization is very much helpful in streamline the business
process and enhancing, reducing the value of resources for hardware. User need to maintain and
provide much better value and usage of different server. It is very much helpful in optimizing the
hardware capacity.
In the coming pages, an overview has been provided with respect to cloud computing
models and related technologies. An analyzing has been done in regards to the technical abilities
as well as the beneficial procedures belonging to cloud computing and virtualization within the
commonwealth bank. The next part deals with service delivery model for cloud computing where
the cloud can be deployed as public, hybrid and community. The last section of the report deals
with security issues for cloud deployment issues and how it can be overcome.
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Business Process of Common Wealth Bank:
The collection or the accumulation of the data and task that are linked with each other
and defines the working structure of the business organization that en with the delivery to the
client is known as the business process. They can also be referred to as the set of the defined
activities that are carried out by the organization irrespective of the domain or the structure of the
business and that helps the organization to achieve the ultimate goal of the organization Singh,
(Tanwar and Srivastava 2018). They are the cumulative structure of all the single inputs and the
outputs that are resulted from the business structure. All the factors that are effective on the
business process and are delivering the clients of the organizations are also collectively counted
under the business process of the organization.
The report deals with the structure of the banking organization known as the
Commonwealth bank situated in the country of Australia. The management process of the bank
governs the operational functions within the system of the organization. The main business is
handled by the operations process of the organization. In the current scenario of the
bank8ngbdepratment and also the Commonwealth bank of Australia it has been noticed that the
retail and the wholesale banks are facing huge operational based pressures where the efficiency,
agility and the effectiveness are also evaluated (Zineldinand Vasicheva 2015). The
Commonwealth bank of Australia or CBA is an Australia based bank which is a multinational
bank and the business organization in the banking sector have their banking branches situated in
all over the world and the main branches are located in the Australia. They have their branches in
the countries like New Zealand, United States and United Kingdom and also in some parts of the
Asia (Choudhary, 2016). They are known to provide several types of financial services to their
clients. The services or the operations that are taken care of by the organization are the financial
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services that include the retail service, institutional banking services and all kind of banking
related business structures. They also deal with the fund management, insurance, superannuation,
brokerage service and investment (Ijaz et al., 2017). In the list of Australian security exchange,
the commonwealth bank had secured the position of the largest Australian company to gain that
position. It is also considered as the largest bank in the southern hemisphere part.
The business process Explanation or the application for the particular organization can be
evaluated by focusing on the Banking structure of the CBA. The services that are operational for
the business process of the organization are the retail services provided by the bank, Premium
services to business, finance management services, leadership, operations performing
internationally as well as the related product and services.
The retail banking structure or the services are the division that helps to deliver the
services of the banking organization related with the financial matters to the clients as well as the
small business organizations and the large business organizations. The retail banking services
that are provided by the bank consists of the processing of the home loans, personal based loans,
business loans, credit card issue, transaction accounts including the demands and the deposits on
the terms. They also carry out their business on the shares as they are the leading market share
holders in the area of home loan and personal loans. The premium business services of the
organization used to be divided in the two different categorized departments during the year of
2009. The two departments were the Institutional Banking & Markets (IB&M) as well as
Business along with that of Private Banking (B&PB) (Malkawi, Obeidatand Halasa, 2017). The
B&PB comprise of the areas of the bank that helps in delivering all of the services related to the
business of the clients and also to the customers of the private bank. Whereas, the Institutional
Banking & Markets (IB&M) comprises of the areas where the bank stands responsible in
Implementing Cloud Computing Solution 2022_6

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