How does AWS provide the financial services sector with resilient global cloud infrastructure

/in /by

AWS provides financial services organisations such as banks, insurances, e-money institutions and payments providers with secure, resilient, fully-scalable global cloud infrastructure and complementary services that help them thrive today and tomorrow.

These organisations require reliable and resilient infrastructure to ensure that their services are available 24/7, and sensitive customer data is secure. AWS cloud infrastructure provides the financial services sector with the necessary tools to achieve these objectives.

Innovation is the order of the day in the AWS ecosystem, with new services and improvements to existing services being released on a regular basis. AWS offers both great breadth and depth of services including ones that can greatly benefit the financial services sector.

Cloud infrastructure can help organisations modernise their infrastructure, drive business growth and very importantly meet the rapidly changing customer behaviours. The AWS Cloud Adoption Framework, also known as AWS CAP, helps businesses leverage the AWS experience to achieve digital transformation and accelerate business outcomes (…by harnessing the use of AWS). AWS CAF has best practices in six pillars or perspectives namely, business, people, governance, platform, security and operations. Each of these with its stakeholders that would own or manage the cloud transformation journey. Adhering to this model, financial services organisations will initially identify and subsequently prioritise transformation opportunities, all the way to the transformation, in iterative and incremental fashion.

Banking: Traditional banks of all sizes are under pressure to become more agile and innovative due to the unparalleled pace of change driven by regulatory bodies and customer needs that are increasingly being refined through offerings by neo banks. In addition to helping businesses meet strict security, compliance, and regulatory requirements, AWS enables banks to bring new ideas to market quickly and deliver more elegant consumer experiences.

Payments Gateways and Providers: By processing worldwide digital payments, boosting agility, and scaling to meet erratic demand, payments gateways and providers using AWS redefine the payments sector. They do this by making real-time business decisions, innovating, and reacting to client expectations. The Payment Card Industry (PCI) Data Security Standard (DSS) compliance is one of the most demanding security criteria that the AWS core infrastructure is built to meet. By cooperating with AWS, payment organisations can build (business applications) with confidence on the most secure and robust cloud.

EMIs: E-Wallets and E-Money institutions are utilising AWS to find new opportunities, reconsider and redesign operational models, and put into place cost-cutting strategies that boost productivity. Accelerated go-to-market, enhanced security, improved customer experiences, and better data-driven decision-making are some of the outcomes.

Insurance: The weight of outdated IT must be balanced with lucrative expansion for today’s insurance companies. In response, many insurers are using a two-pronged strategy to foster innovation. First, they are modernising their data centres by migrating applications to AWS and paying off technical debt, freeing up IT budgets for change and expansion. Second, they are providing small teams of architects and developers with access to cloud services, enabling them to provide innovative solutions to the business more quickly. AWS services enable insurance companies to create innovative digital client experiences more quickly, modernise or implement more adaptable core systems, use data to develop novel methods for assessing risk and delivering customised insurance policies, and swiftly react to legislative changes.

When these organisations are international, AWS can be harnessed, so that core business applications are available to client-bases in multiple geographic locations. AWS’ global infrastructure footprint ensures that customers can achieve high levels of availability and performance, with minimal latency, and reduced risk of downtime. AWS provides customers, in the financial services field, with a wide range of security and compliance certifications, including SOC 1, SOC 2, SOC 3, PCI DSS, HIPAA, to mention but a few. This enables institutions to deploy their applications in compliance with the relevant regulatory frameworks, ensuring that customer data is secure and protected, at all times.

AWS provides customers with the ability to leverage services such as AWS Auto Scaling, AWS Trusted Advisor, and AWS Cost Explorer, enabling customers to optimise their infrastructure costs and achieve cost savings.

Advantages of AWS CAF 

In a nutshell the main benefits of AWS CAF are the improved reliability and therefore enhanced performance, the increased transparency and governance performance, the growth in revenue (and revenue streams) due to the facilitated ease of entering new market segments and the reduction of operational costs.

This is achievable via the process of envisioning (identification), prioritisation, alignment, launch and, scaling (ongoing). 56Bit partners with clients throughout the experience of cloud transformation from realisation of the business / technical leaders through to the deployment and scaling of the environment and applications. Discover more. Start minimising costs and maximising performance –

Contact Us today. 

iGaming Operators – enhance business resilience through AWS

/in , , /by

5 Ways iGaming operators can enhance business resilience through AWS. 

iGaming operators are under huge pressure to ensure their online platforms and software systems are continuously available. Downtime costs tens of thousands of euro and leads to negative brand sentiment and reputational damage. From a back-office perspective, the number of challenges is ever growing – the increase of remote working, complexity of distributed systems and frequent releases all contribute to the risk of potential disruptions.

In this blog we will present five ways in which iGaming operators can enhance business resilience through AWS.

Move to the Cloud

Human error at data centre level accounts to around three thirds of the incidents leading to service outage. Moving to the cloud reduces this risk. AWS invested deeply in infrastructure resilience. Resilience is instilled in the design and operational model end-to-end. Upward of 84 availability zones with various data centres each, scattered around the globe, guarantee that the AWS cloud can withstand disruptions of any scale. When moving to the cloud it is crucial to understand the responsibilities of the provider and the client (i.e. share responsibility model), as they are shared.

Automate everything

Manual processes are prone to human error and therefore we can safely say they introduce risk. Automation should span from backups to testing. Automation underpins the world’s most resilient architectures worldwide. Automation will help improve operational efficiency and introduce stability. The recovery time objective will surely be shortened. Efficiency is directly linked to automation. Heavily relying on an individual’s expertise and ability is risky to business continuity. Reviewing code before deployment is paramount. Automating such processes with machine learning tools for reviewing code, will aid in automating the said process and optimise the application performance. Automated code reviews in AWS proactively identify and fix issues which are key for deployments to be a success in terms of performance, security and compliance requirements.

Test for unknowns and exceptions 

Testing is not a one-off task. It is continuous testing which helps IT teams identify and understand how systems react to unknowns in specific scenarios. Fault injection experiments and chaos engineering (i.e. breaking things purposely) are two common practices to create real-world context to uncover vulnerabilities, hidden bugs, blind spots and even performance bottlenecks (that are hard to find in distributed systems).

AWS used this methodology to increase resilience and ensure readiness under the most adverse circumstances. In addition another used testing methodology is resilience ‘game days’ which simulate failure to test the response of systems, teams and processes. iGaming operators can carry out ‘game days’ with replicas of their AWS production environments.

IT is a never-ending journey

New trends. New threats. New methodologies. New technology. It is an ever evolving space. AWS is fully embarked on striving to continuously improve its infrastructure, service design, operational model and mechanisms. Support for iGaming operators will enhance resilience. It will offer the best architectural and operational best practices services, tooling and guidance. Through rigorous partnership programmes, partners such as 56Bit will have an undisputed professional level that will help customers, such as iGaming operators, in their day-to-day operations and in their overarching strategic direction. 

Keep an eye on metrics

Understanding how your systems are performing at any giving point helps in achieving operational (and therefore resilience) excellence. Collect data and thoroughly analyse it to extract trends and in certain cases detect and resolve issues related to application performance and availability. The latter data will aid in improving UX and CX. Data is fact. Data is a single source of truth. Thus it is key to collect it to have a true picture of your applications’ health posture.

By moving the systems to the AWS cloud, the dependance on physical hardware is reduced. This is cost effective and less prone to failure. Scaling up or down is perfectly doable, cushioning traffic spikes in punters volume. Disaster recovery and security of iGaming operators’ applications are improved with services such as Amazon GuardDuty. AWS has a myriad of certifications, such as, PCI DSS, ISO 27001, and SOC 2 – this will help igaming operators adhere to regulatory requirements when handling highly sensitive data.

Speak to us today to understand how we can help you maintain a frictionless iGaming experience for your players.

Considerations when shifting from MS Azure to AWS

/in /by

Factors to consider when shifting from MS Azure to AWS.

Microsoft Azure and Amazon Web Services, commonly referred to as AWS, are undoubtedly two of the main cloud platforms available in the market. Each has their pros and cons, and have a number of similarities and differences. In this blog post we’ll be delving into the main factors to consider when shifting from MS Azure to AWS.

Cost Element

AWS offers a number of pricing models, such as, pay-as-you-go, reserved instances, and spot instances. Base your decision on the usage (or forecasted usage) and workload requirements of your suite of applications, to determine which pricing model is the most cost-effective for your scenario.

AWS also offers cost management tools such as AWS Budgets and Usage Reports that can help you monitor your spending and optimise your usage, on the go. This is a strong tool since it helps you curb overspending on services you do not actually need

Range of Services

Albeit similar, one has to consider the workload and requirements of the shift. The workload will determine which services are must-haves for your needs. AWS offers a wide range of services, including compute, storage, networking, database, and analytics. They also offer emerging technology services such as the highly acclaimed AI and machine learning services, IoT services, and security and compliance services. 

Migration Strategy

The migration process from MS Azure to AWS is not simple and straightforward. It can be complex. It is never recommended to shift in an ad hoc manner. One should have a well-defined migration strategy in place spanning the tools, processes, and resources required to migrate your applications and data to AWS.

The most commonly used migration tools and services, offered by AWS, including AWS Database Migration Service, Application Discovery Service, the AWS Migration Acceleration Program and AWS Server Migration Service. At 56 Bit we will help your team evaluate these tools and services to determine which ones are most appropriate for your migration project needs.

Rate of Evolution and Availability of Support

Finally, you should consider the level of support provided by AWS when shifting from MS Azure. AWS offers a range of support options, including basic support, developer support, business support, and enterprise support. You should evaluate your support requirements to determine which level of support is appropriate for your needs. In addition, having a proficient partner is key to the success of such migrations.

AWS also offers a range of training and certification programs to help you and your team become proficient in using their services. Make sure you take advantage of these programs to ensure that you can effectively use AWS to meet your business needs.

In general, AWS provides greater open source community interoperability through the likes of Jenkins, GitHub and Linux, whereas on the other hand MS Azure is easy to use and integrated frictionlessly with Microsoft’s tools and technologies.

AWS has more than 1 million customers worldwide and has over 13 years experience. It offers top notch services that can help scale and grow your business including compute, storage and delivery. Three core benefits of AWS are: that it is one of the longest standing global cloud solutions, it is an easy to use application hosting and one can utilise Amazon’s identity and security services.

AWS Application Migration Service (AWS MGN)

With customers running Microsoft workloads on AWS for more than 12 years, AWS have the most experience with Microsoft applications in the cloud and can deliver performance, security, reliability, and cost savings.

AWS Windows Migration Accelerator, also known as AWS MGN, helps organisations minimise the cost of migration when you accelerate the migration of Windows servers utilising AWS MGN. Until end of year (31-12-2023), clients using Application Migration Service to migrate a minimum of 40 servers to AWS in one month (including a minimum of 15 Windows servers) may be eligible to receive $200 AWS promotional credit per Windows Server. In case, you migrate upward of 80 servers (including 25 Windows servers) in one calendar month, the discount will be increased to $250 AWS promotional credit for each Windows Server that is migrated to AWS using AWS MGN.

Discover more on how we can lift and shift your applications from MS Azure to AWS without business disruption. Set an exploratory meeting with us today!

How to Choose the right AWS Partner.

/in /by

3 things to look out for when choosing the right AWS partner.

 

It is imperative to choose the right AWS partner to manage your cloud infrastructure, support you 24×7 and help you continuously optimise your applications on the cloud. Choosing a partner might sound easy, but most often this is a challenging experience.

It is a complex environment, so make sure you have the right partner with the right level of expertise, experience and specialisation (sector-specific) to handle migration, management, maintenance, support and optimisation of data, applications, websites and systems in the most cost effective way.

AWS has its very own support for its users but does not manage individual accounts as per its well established business model. In this blog we will touch upon the three main things to consider when choosing an AWS partner.

A quick word on AWS Partner Network

Partnership types are organised by paths. In total there are five partnership paths, namely: software path, hardware path, services path, training path and lastly distribution path. AWS thoroughly vets all the companies before adding them to their official list of partners. The AWS Partner Network serves a twofold purpose. It lists thousands of partners that provide consulting and technical support to businesses, in various sectors and industries that either want to move to the cloud or have already done so and need management or technical services. Secondly, the AWS partner directory, known as APN, also helps all the AWS ecosystem participants adopt, deploy and scale efficiently AWS solutions.

Find the perfect fit 

When looking for an AWS partner, find the perfect fit based on the industry, desired solutions and types of services and workloads required. Partners help in designing, building and implementing cloud migrations together with the running, operating and optimisation of existing environments. With the right partner you can go beyond the basics. A partner can analyse and gather requirements, propose solutions, put forward recommendations and bring to the table greater agility, and innovation. Explore different engagement models such as staff augmentation, outsourcing and partners working as an extension to in-house teams.

Check whether the partner is focused on the AWS platform. When a partner has a single-focus, it normally is aligned to the constant evolution of the AWS ecosystem, which is characterised by new tools and continual improvements. A partner needs to keep current with all the improvements, changes and roll-outs – to be able to manage your cloud presence in the best possible way.

Experience and Expertise 

A partner is as good as its people. Review the competencies, certifications and team members’ profiles. This will give a very good understanding of the level of expertise a partner has. Always ask for AWS-trained and certified professionals profiles to analyse the depth of knowledge the partner outfit has. Take a close look at the engineering team of the partner or potential partner. See which critical certifications are relevant to your requirements. Present certifications include all the following: developer, architect, SysOps administrator, solutions architect, and DevOps engineer.

Structure, Response Times (SLAs) and Chemistry between teams

Explore and understand the structure of a partner’s structure. The departments, the teams, the level of outsourcing (if any) and the responsiveness of a partner company are important attributes to look at. Cost optimisation, having peace of mind with a 24/7 DevOps support, having well defined service level agreements with fast response times and clarity in escalation paths are all key when choosing a partner for your AWS cloud environment management, maintenance and optimisation.

Experience in security and operational efficiency are also very important areas that one should consider when selecting an AWS partner. How readily available they are to get involved in cloud strategy and roadmap creation is important to get embedded in the organisation for the best interest of a seamless AWS cloud experience. Flexibility and the chemistry between both teams is paramount as a business relationship needs to be nurtured, to maximise the return on such an engagement.

When approaching a potential partner always ask the following questions:

 

  • What are the identified business goals? (ex. Faster time to market, Cost cutting)
  • Do these goals have a priority each? (It is important to communicate these to the selected partner)
  • Do you presently have internal AWS expertise? (what level of expertise is it?)
  • What type of engagement model are you after? (Wholly outsourced solution or in-part?)

 

Whether you are getting informed about lifting and shifting your applications to the AWS cloud or looking for a partner to take you to the next level of cloud services, 56Bit is your one-stop solutions partner. Look no further. Get in touch with us.

Choosing the right AWS partner requires careful consideration of their expertise and experience, methodology, and customer support. Look for a partner with a proven track record of successful projects, a structured approach to project management, and excellent customer support.

AWS Identity and Access Management: Dos and Don’ts

/in /by

In the digital age, effectively managing access to cloud resources is essential. AWS Identity and Access Management (IAM) provides a robust and versatile solution for controlling access to AWS services and resources (and environments!). Safety and efficiency result from following best practices and avoiding common mistakes when working with IAM. The expert team at 56Bit has compiled the essential dos and don’ts of AWS IAM to help you optimise this critical security tool.

 Dos of AWS IAM:

Below we take you through some of the Dos.

1. Follow the principle of least privilege:

Grant users and roles the minimum permissions required to perform their day-to-day tasks. Avoid giving excessive privileges that could expose your resources to unauthorised access or misuse. Regularly review and update IAM policies to align with evolving security requirements (for example when people leave the organisation or are promoted to new roles).

2. Enable multi-factor authentication (MFA):

Add an extra layer of security to AWS accounts by enabling MFA for IAM users. MFA requires users to provide an additional authentication factor, such as a mobile authenticator app or hardware token, along with their password, significantly reducing the risk of unauthorised access.

3. Use IAM roles for applications and services:

Use IAM roles to grant permissions to AWS resources (instead of relying on long-term access keys) for applications and services. IAM roles provide temporary security credentials, reducing the risk associated with long-term access keys, such as exposure or compromise.

4. Regularly rotate access keys and credentials:

Implement a practice of periodically rotating access keys and credentials associated with IAM users. Minimise the chances of unauthorised access due to compromised or leaked credentials by regularly changing these keys. Have a standard procedure stating and enforcing change every, say, 30 days.

5. Implement IAM policies with conditions:

Use IAM policies with conditions to enforce additional security controls. For example, you can restrict access based on specific IP addresses, time of day, or API request conditions, providing granular control over resource access.

”AWS Identity and Access Management (IAM) is crucial to securing your AWS environment. By following the dos and avoiding don’ts suggested by 56Bit, you can enhance the security and efficiency of your AWS resources.”

Don’ts of AWS IAM:

In this section we will explore the Don’ts

1. Avoid sharing IAM user accounts:

Avoid sharing IAM user accounts among multiple individuals. Everyone should have an individual IAM user account to maintain accountability and traceability for actions performed within the AWS environment.

2. Avoid using root credentials for routine tasks:

The root user has unrestricted access to all AWS resources, making it a high-value target for attackers. Avoid using root credentials for everyday tasks and create separate IAM users with appropriate permissions for day-to-day operations.

3. Avoid granting permissions using the “Allow All” policy:

Be cautious when granting permissions using the “Allow All” or overly permissive policies. These policies can result in unintended consequences, including exposure of sensitive data or accidental modification of critical resources.

4. Follow IAM access analyser recommendations:

IAM Access Analyzer is a powerful tool that identifies potential security risks and provides recommendations for improving access policies. Regularly review and act upon the recommendations suggested by the access analyser to enhance the security posture of your AWS environment.

5. Double down on monitoring and auditing:

 Enable AWS CloudTrail to capture API activity and turn on logging for your IAM resources. Review CloudTrail logs regularly and monitor IAM events for unauthorised or suspicious activity. Additionally, consider using AWS Config to assess compliance and track changes to IAM configurations. Never leave endpoints exposed.

 AWS Identity and Access Management (IAM) is crucial to securing your AWS environment. By following the dos and avoiding don’ts suggested by 56Bit, you can enhance the security and efficiency of your AWS resources. One is also to fully understand the shared responsibility model offered by cloud providers.

 Remember to regularly review and update your IAM policies, implement MFA, use IAM roles, and enforce the principle of least privilege throughout your organisation, for all your AWS cloud environments. By adhering to best practices and staying vigilant, you can ensure your AWS environment remains secure and protected at all times.

Speak to us today! We can help you establish a safe AWS identity and access management protocol to ensure the safety of your business assets.

3 Ways AWS Can Help Your Organisation Optimise Costs and Performance

/in /by

Organisations can remain competitive in today’s digital world by optimising productivity and reducing expenses. In a cloud computing world, AWS is the most reliable top-tier provider of comprehensive services to help organisations enhance their cost-effectiveness and operating efficiency. The following three approaches demonstrate how 56Bit’s expertise in AWS can assist your organisation in achieving these goals.

1. Pay-as-You-Go Pricing Model:

Traditionally, installing an on-site infrastructure requires significant upfront investment and ongoing maintenance costs. However, AWS’s pay-as-you-go pricing model works differently, allowing organisations to scale their infrastructure simultaneously with their growth, in line with real-time resource consumption. This brings flexibility to your business as you optimise your expenditures to your current operating needs.

The various AWS pricing options, such as On-Demand Instances, Reserved Instances, and Spot Instances, ensure that your business also spends on the service/s you use.

  • With On-Demand Instances, you only pay for computing capacity by the hour without making any long-term commitments. This option offers great flexibility, evenmore if demands fluctuate often.
  • If you have a consistent workload and can predict its usage, using Reserved Instances could save you money irrespective if short or long term.
  • By bidding on unused AWS capacity, Spot Instances can help you save on costs, especially if you have flexible and fault-tolerant applications.

”AWS’s pay-as-you-go pricing model works differently to on-premise infrastructure arrangements, allowing organisations to scale their infrastructure simultaneously with their overall growth, in line with real-time resource consumption.”

2. Auto Scaling and Elastic Load Balancing:

Optimising performance is essential for efficient operations and a seamless and frictionless user experience. AWS offers vital services like Auto Scaling and Elastic Load Balancing to help organisations meet fluctuating demand while controlling costs simultaneously. (ex. Increase in traffic on an online casino website)

Auto Scaling enables dynamic scaling of AWS resources based on predefined conditions, such as CPU utilisation or network traffic, amongst other KPIs (also including custom metrics). This capability ensures that your application has the appropriate resources to handle different workloads. You can optimise costs by automatically adjusting your capacity based on demand, avoiding over-provisioning during low-demand periods and preventing performance degradation during peak times. This way performance risks tied to spikes are mitigated.

Elastic Load Balancing distributes incoming application traffic across multiple resources, such as Elastic Compute Cloud (EC2) instances or containers, to improve performance and fault tolerance. 

AWS assists organisations in maintaining high availability and responsiveness by automatically adjusting the load balancer to handle fluctuations in traffic for efficient use of resources.

3. Cost Optimisation Tools and Services:

 AWS provides a range of cost optimisation tools and services to help organisations identify opportunities for savings to enhance cost management practices. AWS Cost Explorer offers a comprehensive view of your AWS usage and spending patterns, allowing you to analyse costs, identify trends, and forecast future expenses. As a result, you can make informed decisions to optimise resource allocation and eliminate unnecessary spending.

Trusted Advisor is another valuable tool recommending cost optimisation, security, fault tolerance, and performance improvement. It first analyses configuration settings by scanning your AWS infrastructure. Then it suggests best practices to optimise costs and enhance performance based on AWS expertise.

Furthermore, AWS offers services such as AWS Budgets, AWS Cost Anomaly Detection, and AWS Cost and Usage Reports. These enable organisations to set budget thresholds, detect anomalies, and gain granular insights into cost allocation.

Optimising costs and performance in today’s digital era is key for organisations to thrive. AWS offers comprehensive services and tools to help organisations achieve these objectives. AWS makes cloud computing an outstanding success through cost-effective solutions, scalability, and flexibility. With AWS, you can boost business performance, save on expenses, and gain competitive advantage, leveraging auto-scaling capabilities, and using cost optimisation tools. 

Contact 56Bit to tap into our expertise with AWS. We offer tailored solutions to provide peace of mind for maximum efficiency in your business operations.

From Initial Consultation to Implementation: The Key Steps of Deploying Cloud Services for Your Business

/in /by

Implementing cloud services to your business brings ample advantages. Scalability, cost savings, enhanced collaboration, improved security, agility, and reduced digital maintenance are beneficial factors that well-selected, customised cloud services can deliver to your organisation, irrespective of its size and the vertical it operates in. As a result of integrating cloud services, you streamline your operations, drive innovation, and gain a competitive advantage in a business landscape dominated by digital solutions.

Migration to the cloud requires careful planning and execution to ensure a smooth transition and the maximisation of benefits. When you work with 56Bit, the journey from the initial consultation to the successful implementation of cloud services is carefully planned to support your business (and technological) targets.

56Bit offers top-notch Amazon Web Services (AWS) solutions, ensuring technology-driven businesses enjoy peace of mind. Our highly-qualified experts excel in providing comprehensive services, including consultation, design, building, and maintenance of intricate cloud architectures on the AWS platform. We work closely with your software development teams, ensuring seamless collaboration and efficient project delivery. With a proven track record, we specialise in various AWS technologies, consistently delivering successful client outcomes. What are the most logical steps in introducing cloud services to your business?

Step 1: Consultation and Needs Assessment

The first step in adopting cloud services is to start an initial consultation between 56Bit and your business. In this phase, we work closely with you to fully comprehend your needs, objectives, and obstacles. We assess your existing IT system, software, and data needs to identify the best cloud transition strategy. The AS-IS and TO-BE are closely studied, and a gap analysis is conducted. This will help choose the best services to offer a solution for the existing (and future) requirements.

”The consultation phase is crucial as it sets the foundation for a tailored cloud implementation strategy for your organisation’s requirements”.

Step 2: Cloud Strategy and Planning

After finishing the needs assessment, as a reliable cloud service provider, we collaborate with you to create a thorough plan for implementing and strategising the cloud. To start a project on the cloud, you need to determine its scope, choose the type of cloud service/s required (infrastructure, platform, or software as a service), select the suitable cloud provider, and decide on the migration method (lift and shift, re-platforming, or re-architecting).

During the planning phase, it is important to account for data security, compliance, and disaster recovery. Responsibilities are well explained, and communication channels are agreed upon.

Step 3: Cloud Migration and Deployment

Now that you have a cloud strategy and implementation plan, it is time to migrate. Migration involves transferring your applications, data, and infrastructure from on-premise (or MS Azure) or existing hosting environments to the cloud.

The migration method varies based on the chosen strategy, and it may require adjusting applications, enhancing performance, and guaranteeing data accuracy throughout the transfer process. Before transitioning fully to the cloud, it is vital to conduct thorough testing to minimise disruptions and ensure all systems function as expected. Usually, data cleansing is done as an initial sub-phase of this phase.

Step 4: Data Integration and Application Development

After the migration finishes, the following step is to combine your current data and build any required applications in the cloud setting. Data mapping, transformation, and synchronisation may be needed at this stage to guarantee smooth connectivity and compatibility among your systems and applications. Developing applications in the cloud can benefit from the platform’s scalability and pay-as-you-go model, resulting in quicker deployment and improved functionality at a contained cost. Adopting cloud-native development practices and utilising the tools and resources offered by AWS are key.

Step 5: Performance Monitoring and Optimisation

Once cloud services have been deployed successfully, monitoring and optimisation are essential to continuous maintenance.

Cloud service providers offer various tools and analytics capabilities to track resource utilisation, performance metrics, and cost efficiency. Continuous monitoring allows organisations to identify bottlenecks, optimise resource allocation, and ensure that the cloud environment meets the evolving needs of the business. It is essential to conduct regular performance assessments and tuning to ensure optimal system performance and maximise the benefits of cloud services. Conducting regular WAFR of your workloads is best practice.

When adopting cloud services, planning and executing the transition carefully is important to achieve success. This procedure involves evaluating your organisation’s requirements, planning the migration process, integrating data and applications, and monitoring performance. We at 56Bit always follow these steps, to fully harness the power of AWS cloud services.

Discover how 56Bit can help you increase agility, reduce costs, and enhance business capabilities, through the use of AWS services and products. Click here to learn more about us and ask for an exploratory meeting.

Driving Innovation in Fintech: Top AWS Machine Learning and AI Services

/in /by

Innovation is crucial to stay competitive in today’s ever competitive landscape. Keeping abreast market trends and changing customer expectations is key to success. Artificial intelligence (AI) and machine learning (ML) are at the heart of innovation, with FinTech organisations using these technologies to power algorithmic trading, to detect and prevent fraud and money laundering, to adhere to regulatory frameworks, to automate workflows and decision making and to extract insights from data analytics. 24×7 customer support is often, also powered by AI – to answer queries and assist with inbound incident lodging. 

The ultimate goal is to enhance customer experience, boost efficiency, streamline processes and keep costs lean. Harnessing AI and ML is revolutionising FinTech operations.

AWS has a strong suite of powerful AI and ML services – in this article we will present a few AWS Machine Learning and AI Services, focusing on how they drive innovation in the Fintech sector.

AWS: Powering Fintech Digital Transformation fuelled by AI and ML

The fintech industry is renowned for its continuous innovation and disruption. Artificial intelligence and machine learning services empower Fintech firms to harness the potential of data-driven insights, automation, and predictive analytics, propelling them ahead of their competition in a rapidly evolving market.

Top AWS Machine Learning Services for Fintech Companies

Amazon SageMaker: This fully managed service enables Fintech developers to build, train, and deploy Machine Learning models at scale. Whether it’s fraud detection, AML checks, credit scoring, or personalised financial recommendations, Amazon SageMaker streamlines the development process, allowing Fintech companies to focus on refining their Machine Learning algorithms for better accuracy and outcomes.

Amazon Comprehend: Natural Language Processing (NLP) is pivotal in understanding customer sentiments and market trends. Having the pulse of the market is paramount to the success of any firm, evenmore for FinTech companies. Fintech outfits can leverage Amazon Comprehend to analyse customer feedback, social media posts and comments, and financial news, gaining valuable insights that drive informed decision-making. This is additionally useful for adverse media checks.

AI Services Boosting Fintech Performance

Amazon Polly: In Fintech, clear communication is essential. Amazon Polly, a Text-to-Speech (TTS) service, enables Fintech applications to convert text into lifelike speech. This proves invaluable in voice-enabled financial assistants, enhancing accessibility for visually impaired users and providing seamless customer interactions. It has been improved to also provide a portfolio of languages and a string of voices including bilingual voice for both English and Hindi. For the vast majority of languages one can choose and use both male and female voices. Output can be in various formats, such as mp3, which can subsequently be utilised in mobile applications. Amazon polly is not a translation service.

Amazon Lex: Conversational AI is a game-changer in customer support services. Fintech companies can integrate Amazon Lex to develop chatbots and voice assistants that answer queries, provide financial advice, and guide users through transactions, enhancing user experiences and reducing response times. This service helps you develop conversational interfaces using both voice and text. As a service, it uses automatic speech recognition (ASR) to convert speech to text, and natural language understanding (NLU) for recognising the intent of the text.

AWS in Fintech Security

The Fintech industry is one of the top targets of malicious actors as it holds highly sensitive financial data. AWS reinforces security through advanced Machine Learning-driven services such as Amazon GuardDuty, which detects cyber threats and vulnerabilities in real-time. By leveraging GuardDuty, Fintech firms can safeguard customer and financial data, prevent fraud, and maintain regulatory compliance. This is a service which helps FinTech companies mitigate financial losses, reputational and licence related risks.

AWS machine learning and artificial intelligence services enhance decision making, by increasing precision, speed and accuracy of data-driven decisions. Understanding customer behaviours, ongoing risks and market trends aid FinTech businesses radically improve their decision-making processes. Product development can be improved via AI-Powered systems that enhance the personalisation of customer experiences (CX). This, in turn will strengthen customer loyalty and help offer a more tailored experience which is (increasingly) sought after by clients nowadays.

From an operational perspective machine learning will definitely reduce the manual intervention and manual processes, therefore optimising efficiency and reducing errors. The latter are important in areas such as risk assessments, loan processing, transaction monitoring and compliance / regulatory checks.

AWS machine learning and artificial intelligence services are enablers and drivers of innovation in the FinTech sector. Place these services at the core of your FinTech organisation’s transformation and achieve an efficient, secure, and customer-centric future.

Get in touch to learn more about offers and services you need to build, deploy, and run machine learning and artificial intelligence applications on AWS cloud. Embark on a journey of innovation today!

Scaling Up iGaming Platforms: How AWS Auto Scaling Keeps Punters Engaged

/in /by

Over the past decade the iGaming space has experienced exponential growth with online casinos and sports betting platforms (known as sportsbooks or online bookies) expanding globally with hundreds of thousands of users and hundreds of millions of euros in successful transactions. As more players engage with these platforms, the need to maintain seamless performance and user experience becomes crucial.

Competition has also grown fierce therefore performance, security and stability of these platforms is a definite must-have. AWS offers a solid solution in the form of AWS Auto Scaling, which is ideal for such operators so as to ensure uninterrupted gameplay and keeping punters engaged. 

iGaming platforms, including online casinos and sportsbooks, attract massive user traffic, especially during peak hours, such as during a UEFA Champions League or a FIFA world cup final match. Players expect uninterrupted gameplay at all times and it is a variable which is ‘non-negotiable’. In this regard, AWS Auto Scaling becomes a strategic asset in meeting this demand by dynamically adjusting the resources based on actual real-life usage.

AWS Auto Scaling: Empowering iGaming Operators

AWS Auto Scaling enables iGaming operators to automatically adjust the capacity of their applications according to varying user loads. This ensures optimal performance during high-traffic periods and cost savings during lower demand times. Spikes will not lead to surprises and downtime and costs will be managed accordingly not to pay for resources when not actually utilised.

A common use case for online casinos is a surge in traffic during a major poker tournament or a sportsbook dealing with a rush of bets during a high-profile sporting event. AWS Auto Scaling can seamlessly and frictionlessly adjust server capacity to accommodate the influx of players or punters, preventing server crashes and ensuring a smooth experience for all users. Having your servers down during a high-profile event can have catastrophic repercussions on the brand both from a monetary and reputational point of view. Such repercussions can have long lasting impacts.

Scaling Strategies for iGaming Platforms

AWS Auto Scaling works seamlessly with Application Load Balancers, distributing incoming traffic across multiple instances. This is particularly crucial for iGaming, where spikes in users can happen suddenly due to live events or game releases. This way stability and robustness can be achieved. Scaling policies can be defined and set by devops teams based on metrics such as CPU usage, network traffic, or queue length. This leads to ensuring optimal performance and cost-efficiency based on their specific needs.

Enhanced Player Experience

With AWS Auto Scaling, iGaming platforms can maintain low latency, providing players with a seamless gaming experience. This is essential in games where split-second decisions can impact outcomes, such as live dealer interactions or in-play sports betting, with odds changing in real time.

AWS Auto Scaling promotes high availability by automatically distributing traffic across multiple availability zones. This safeguards against server failures, ensuring that players can continue their gaming activities without interruption, at all times.

Be proactive and use AWS autoscaling to cushion for player traffic surges caused by special events, seasonality and/or strong marketing drives such as special promotions and high bonuses. AWS Auto Scaling allocates additional resources, ensuring smooth gameplay for every user, maintaining the reputation of the online casino. In the case of sportsbooks, in the realm of sports betting, iGaming platforms need to handle sudden influxes of bets during live matches or major tournaments or races such as the popular Kentucky Derby horse race. AWS Auto Scaling efficiently manages the spikes in traffic, guaranteeing that punters can place their bets without delays.

In the fast-paced world of iGaming, player engagement is the lifeblood of success. AWS Auto Scaling empowers iGaming operators to meet this challenge head-on by providing scalable, high-performance solutions that keep punters engaged. 

Speak to our experts today to see how we can optimise your casino or sportsbook performance, minimising downtime, and enhancing user experiences (UX). Learn more how we implemented AWS Auto Scaling for KTO.

Real-time Tracking for the Transport, Aviation, Maritime and Logistics Sector. Utilising AWS Kinesis Data Streams is key

/in /by

We are living in an era wherein speed, precision and efficiency are crucial in the transport, aviation, maritime, and logistics sector. Real-time tracking has emerged as a game-changer, to achieve transparency and efficiency in one’s operations.

AWS Kinesis Data Streams comes in useful in this sector and the respective sub-sectors enabling real-time tracking that drives operational excellence. It simplifies the capture, processing, and storage of data streams at any scale.

In the fast-paced and connected global world of business underpinned on transportation, aviation, maritime, and logistics, delays and inefficiencies can have far-reaching consequences throughout value chains. The capability to track various assets such as vehicles, vessels, and cargo loads in real-time is no longer a luxury but a basic necessity. Businesses in these sectors require real-time data to respond to changing conditions, optimise routes, and give clients accurate delivery estimates. Supply chains are multi-tiered, involve a good number of stakeholders and are crucial in the general business ecosystem.

AWS Kinesis Data Streams Overview

AWS Kinesis Data Streams offers a robust, scalable, and real-time data streaming service, allowing businesses to capture, process, and analyse data in real-time, transforming raw information into actionable insights. By leveraging Kinesis Data Streams, the transport, aviation, maritime, and logistics sectors can achieve unparalleled levels of operational efficiency and customer satisfaction. Feeding data through alerting systems, web portals and mobile applications will significantly increase customer satisfaction.

Applications of AWS Kinesis in Different Sectors

Transportation: Real-time tracking powered by AWS Kinesis Data Streams enables transportation companies to monitor vehicle fleets movements, predict traffic congestion, and optimise routes dynamically on the fly. This reduces delivery times, lowers fuel consumption, and enhances overall fleet management while adhering to pre-set ETAs.

Aviation: In the aviation sector, Kinesis Data Streams can offer real-time insights into flight paths, weather conditions, and aircraft performance. Airlines can respond promptly to air traffic changes, minimise delays, and provide passengers with accurate arrival times.

Maritime: For maritime operations, real-time tracking is crucial for vessel positioning, navigation, and safety. AWS Kinesis Data Streams can help maritime companies adjust routes to avoid adverse weather conditions, optimise fuel consumption, and ensure compliance with maritime regulations.

Logistics: Similarly, in the logistics sector, real-time tracking with Kinesis Data Streams optimises supply chain management. It provides visibility into the movement of goods, helping companies manage inventory levels, reduce theft, and meet delivery commitments. The concept of Just In Time (JIT), is enhanced through the use of this service.

Organisations will benefit from a number of advantages brought about with AWS Kinesis Data Streams. Real-time data enables prompt decision-making and quick response to changing conditions, directly leading to operational efficiency. Optimised routes, reduced delays, and efficient resource allocation lead to cost savings and better bottom lines.

A positive by-product is the enhanced Customer Experience. Accurate tracking information improves communication with customers and builds trust, while showcasing full transparency. Real-time data facilitates predictive maintenance and proactive issue resolution. Scalability is a core benefit experienced through the use of most of AWS services, including AWS Kinesis Data Streams, which scales effortlessly to handle growing data volumes.

By implementing AWS Kinesis Data Streams, a logistics company gains access to real-time data on traffic patterns, road closures, and vehicle statuses. As a result, the company can dynamically adjust routes, reduce delivery times, and provide customers with accurate arrival estimates. This not only improves customer satisfaction but also cuts operational costs. It is used by some of the world’s top tier transportation and logistics companies.

AWS Kinesis Data Streams offers the technology needed to meet this demand, providing a robust and scalable solution for capturing, processing, and analysing data as it happens. By harnessing the power of AWS Kinesis Data Streams, businesses in these sectors can optimise operations, enhance customer experiences, and stay ahead in the ever-evolving world of real-time tracking. 

Discover More. Set an exploratory meeting today.