Pre-Migration Strategy Formation

Equities Trading & The Cloud: A Webinar Series | Part 1Pre-Migration Strategy Formation

Overview

The first installment of Equities Trading & The Cloud presents insights from the beginning of Instinet’s journey to AWS with Risk Focus. “There’s less debate, more experimentation,” says Instinet CTO Minor Huffman on the advantages of moving to the cloud, “less supposition, more data.” A FinTech pioneer, Instinet has launched a cloud-migration initiative with Risk Focus that aims to harness AWS’s higher-level offerings such as artificial intelligence and machine learning. As the panelists discuss, getting to the cloud offers opportunities to enrich the product offerings of financial services organizations. It also requires a sound technology strategy and a thorough understanding of the unique business problems each organization faces.

The Solution

INSTINET’S SECURE MIGRATION TO AWS: THE “LANDING ZONE” INITIATIVE

Ness Implements 2 Phase Solution for Leading Retail Company

Case Study

Ness Implements 2 Phase Solution for Leading Retail Company

The Challenge

A leading retail company was facing the challenge of multiple hand-offs across multiple DevOps tools, processes, and functions. Looking to simplify their deployment process and automate the cumbersome manual processes they contacted Ness.

The Solution

Ness worked with the customer to implement a two phase process.

In phase 1 Ness designed & provisioned the infrastructure using Infra As Code (Terraform) on Azure cloud by integrating with Jenkins’s pipeline along with Terraform vault to manage the resources using a repeatable process. This simplified the deployment of containerized applications by using Helm Charts for complex Kubernetes (AKS) applications and automated services/applications deployment to AKS through Rundeck.

Phase 2 consisted of using Istio service mesh with AKS to efficiently manage microservices traffic, resiliency, policy, security, strong identity, and observability. Plus the use of Premium Tier Azure Service Bus (ASB) and Centralized App Configuration Management to simplify CI/CD deployment tasks and ease the burden of permutations of configurations created by multiple TMS microservices based applications/services, dependencies, and environments.

The Results

  • 90% Faster deployment of Infrastructure using Terraform led to significant improvement in Time To Market
  • 35% increase in release frequency.
  • 40% improvement in release deployments using fully automated CI/CD Pipelines
  • 80% Reduction in Manual Efforts
  • 70% Improvement in Build and Release Cycles

DevOps Transformation

Case Study

DevOps Transformation

The Challenge

The customer, a leading provider of integrated dealership technologies, was falling behind due to their multiple manual processes. Leading to long release cycles, lengthy time to market, a high volume of production issues, and low engineering maturity from plan until deploy. The customer was looking for a partner to help automate these processes and optimize their utilization.

The Solution

Ness adopted an Assessment, Define, Pilot, Implement and Optimize approach. The Assessment included facilitation to define specific organizational goals, review of the AS-IS state; gap analysis against the TO-BE state; and recommendations. A new framework WCF (World Class Framework) was developed and deployed to provide an end-to-end integration and orchestration of SDLC toolchain.

The Results

This approach resulted in:

  • 20% Reduced cost of operations
  • 70% Faster deployment process
  • 80% Enhanced collaboration between teams
  • 95% Improvement in time to respond for major incidents
  • 52% Increase in software quality

Innovation On Demand

Case Study

Innovation On Demand

The Challenge

The customer needed to match the existing products in the retailer’s internal systems with that of the data coming from the certified data pool of the GDSN.

The Solution

Ness built POC on a GCP cloud setup, focusing on basic use cases to prove the functionality. In the end, Ness provided a deployable code, that could be used to seamlessly exchange product information. Ness also provided the documentation around the build, along with a video recording of the demo to be used for training.

The Results

  • 60% improved time to market for validating new technology solutions that fast-tracked the idea validation process
  • Innovation relevance leading to improved customer satisfaction by 80% – Opportunity for end-users to engage with build, that ensured the feedback is incorporated in real-time

Major Financial Institution Accelerates Product Roadmap

Case Study

Major Financial Institution Accelerates Product Roadmap

The Challenge

The customer, one of the top five financial brands in the world, was facing trouble due to multiple disintegrated systems running in isolation, leading to poor time to market and a high volume of production Issues. The customer was looking for a strategic partner who can bring a high-quality and high-velocity product development team that can significantly accelerate the product roadmap.

The Solution

Ness executed an assessment by leveraging its Intelligent Engineering Maturity Model and Assessment toolkit to create an implementation roadmap to build, develop and provide seamless integration and orchestration of toolchain along with transforming the teams to leverage principles of Agile and DevOps.

The engagement consists of two phases:

  • Phase 1 – Conduct qualitative & quantitative scoring for identified teams by leveraging providers proprietary Agile, DevOps maturity model to identify patterns and provide intelligent recommendations for improvements to deliver the following
  • Overall Engineering Maturity Scoring
  • Assessment Scoring, Findings & Opportunities
  • Tool Gap Analysis
  • Recommendations
  • Roadmap (Quick Wins)
  • Phase 2 – Based on the results of Phase 1, Ness prioritized the areas where transformation was most needed. Once Ness’ recommendations are implemented, the teams are then reassessed to re-establish using the Intelligent Engineering Maturity Model.

The Results

  • 150% ROI in 2 years post the transformation
  • 150+ Improvement opportunities identified
  • 15+ quick wins identified for delivering significant impact in < 4 months
  • Created an Agile Operating Model to bring business & technology teams together aligned by business goals and KPIs

Ness Connection: Meet Peter Meulbroek

Meet Peter Meulbroek, Head of Cloud and Data Practices here at Ness. Peter joined Ness a little over four months ago as a part of the Risk Focus acquisition and has hit the ground running. He is a seasoned leader with over 30 years of experience in the financial services and technology industries.  He’s excited to be joining Ness as we expand our capabilities for technological transformation and help our clients accelerate their transformation journeys.Peter Meulbroek

Q: Tell us a little bit about your role and what you do.

A: I lead our cloud and data practices. Ness focuses on several key horizontal partnerships in these spaces:  AWS, Azure, Confluent, and Snowflake.  Our cloud and data practices work with our clients in these technologies, solving problems in the cloud, in data at rest, and data in motion.   Our practice teams help our clients define plans, bootstrap their capabilities in cloud and data, and implement transformational projects. We collaborate with our sales, delivery, and solutions teams, crafting a set of offers around key transformational technologies, working with our delivery teams to fulfill these offers, and working closely with clients assessing, defining, designing, and fulfilling their needs.  My role is to support the team in all of these efforts, pitch in where needed, define where we are headed, and make sure we have the right folks ready to meet client needs.

Q: How do you take your coffee?

A: I take my coffee with cream. My day doesn’t really start until that first cup, whether it be at 6 am before heading upstairs to the home office, or at 4:30 am before jumping on the bike to head to the NYC office.  One of my more treasured possessions is my Ness ‘yeti’ cup, which is ideal for savoring my day’s second cup.

Q: What’s on your to-do list?

A: There are so many opportunities!  Our practices are growing quickly, and so are our capabilities.  We need to capture what we do for our customers very precisely into well-defined offers so that the value we provide is clear, and our clients can identify with it.

I really want to meet more folks at Ness, especially in our delivery centers, and learn more about their challenges.  There are huge grounds for collaboration.

Q: What’s the next place on your travel list and why?

A: I can think of a couple of trips I would like to take. I’m planning to travel at the end of October (Covid allowing) to Iasi for ‘Barbecode’.  I really look forward to meeting with colleagues there.  I would also like to make it to our India delivery centers:  we have so many talented people around the world and I would really love to meet more face to face.

I was also just invited to Seattle by AWS in mid-October, as a part of their ‘Ambassador’ program. They ask a group of us to spend a few days in Seattle every year in order to talk to leaders in the company about the direction of the platform.

On a more personal level, I am always excited about my weekly bike ride into the office. I live about 30 miles away from our office, so once a week I get up before dawn and peddle into the NYC office. The next goal is to make it to Teaneck.

Q: How did you get started in the industry? / How did you end up down this career path?

A: I’ve had the chance to work in a number of fields over the years.  I grew up and went to school in Chicago, so it was a logical step to do research on the Options and Futures markets for financial services firms there. After a few years in the markets, I went back to school and got a Ph.D. in Geology, doing large-scale numerical simulations aimed at understanding how hydrocarbons form and migrate to reservoirs.  I worked in academia doing research, in high-tech in Silicon Valley, in startups, and have had the chance to work with some academic and tech giants.  One of the better moves I made, however, was to join Risk Focus in 2015 to help found our cloud practice.  Fast-forward 6 years, and we’re now delighted to be Nessians. It has been an exciting journey with many stops.

Q: What’s the best career advice you’ve ever heard?

A: A number of years ago I received some great advice which I have found very helpful. That is to solve problems by both assuming that everybody you work with works for you, but at the same time believe that you work for everyone else. In other words, recognizing that no matter what role you are in the organization, you must serve and help others, but at the same time, you can’t let the company hierarchy stop you from achieving your goals and accomplishing what needs to be done. Finding the balance between those two leads to success both for the individual and the organization.

On a more practical level, I got a great piece of advice from David Henke who was the VP of Engineering at Yahoo at the time. He said, “you can’t fix what you can’t measure”.  That is, don’t make decisions in a vacuum, and recognize that thinking about gathering data in a problem is too late;  you need to gather data before problems are visible and that problems are only solvable when you have the right data.

Q: What motivates you to work hard?

A: Many things.  I love to learn. It may be a cliche to consider oneself a lifelong learner these days, but I’m at my most excited when trying to understand a new problem, and trying to problem solve, and learning something entirely new.

Though I’m not really a ‘people-person’, it’s become increasingly clear during the course of my career that the hardest problems we see aren’t technology problems, they’re people problems. .  For example, a few years ago when we helped a favorite client move a very large computation and data workload to the cloud, the biggest challenge to success wasn’t the hard requirements, the large amounts of data, or the high-throughput.  It was the team of engineers who fought a valiant rearguard action defending the ‘old ways’, and their management who surreptitiously supported them.  It is not easy to convince people who’ve done a job for 20 years that they best get on board, because that job will go away and never come back.  In the end, though, the key to success for them, and for us, was working to get them to each see the art of the possible.  My motivation comes from working with others to understand their challenges and overcome them together.

Oh, and I also like swag.  A good sweatshirt means a lot.

Q: What is your favorite thing about your career?

A: I’ve had the opportunity to work and contribute in a number of fields, both academic and in industry, and to make an impact in things about which I am passionate. I’ve had the opportunity to collaborate with really smart people and learn from them.  Perhaps the most satisfying thing is that I’ve had the chance to help others in their career paths, guiding where I can.

 

Learn how you can become a part of #LifeAtNess by visiting our careers page.

Location Intelligence Platform

Case Study

Location Intelligence Platform

The Challenge

The customer is a large, popular location data platform provider. The customer wanted to extend their engineering capabilities with a long-time partner to expand their products and services portfolio, increase quality, and refactor existing services. Several innovative location intelligence solutions had to be developed, along with optimization of software engineering practices, development of custom software tools while maintaining the existing product portfolio.

The Solution

As part of this engagement of more than 10 years, through modern engineering practices, Ness was instrumental in the development and release of:

  • 2D Visual Products offered reality-based routing guidance at complex intersections or bifurcations, lane-level visualization, a realistic representation of guidance signs, and abstract illustrations of the real world, providing instant recognition to the user.
  • 3D Visual Products linked road and pedestrian networks, buildings, and landmarks for intuitive routing guidance as well as modeled real buildings, statues, and other important landmarks to reflect reality.
  • The High-definition Urban Map focused on lane detection and lane gap filtering, lane confidence automation, and metrication in edit lanes workflow
  • ADAS provided an extension of 2D digital maps with height information, adding two new attributes – curvature and slope
  • Connected Vehicle Services implemented automotive services for drivers and passengers, services for automated driving (HD live map), and Digital Transportation Infrastructure (DTI) services.

The Results

Throughout the business transformation and evolution, Ness was instrumental in developing and releasing multiple generations of products and services on time, to budget, and scope.

Asset Tracking for Oil & Gas Operator

Case Study

Asset Tracking for Oil & Gas Operator

Introduction

Brief explanation of the challenges facing the oil and gas industry with regard to asset tracking

This industry faces many challenges concerning asset tracking, some of which include:

  • Remote locations: Oil and gas assets are primarily in remote areas with limited connectivity. This makes it challenging to track assets in real time.
  • Harsh environments: These assets are often located in tough conditions, such as extreme temperatures, high pressure, or corrosive materials. This can have a harmful impact, damaging tracking devices and their accuracy.
  • Complex supply chains: This industry has a very complex supply chain. This involves many stakeholders responsible for the movement of assets. As a result, tracking them across different locations and partners can be tough.
  • Regulatory compliance: There are regulatory requirements related to oil & gas asset tracking and reporting. It requires specific data, which has to be collated and reported periodically. This adds to the complexity of the oil & gas asset tracking processes.

Overview of the client’s situation and their need for an asset tracking solution

An oil & gas operator needed to modernize its legacy fleet management system to provide its oil & gas fleet managers and operators with real-time tracking of their assets. The legacy system consisted of four different platforms that resulted in an unnecessarily complex workflow impacting the efficiency of oil & gas fleet managers.

Overview of the solution provided by Ness

In partnership with the client, Ness initially created an integrated user experience leveraging best practices in experience engineering. Then, state-of-the-art frontend engineering expanded to backend platform improvements and introduced a microservices architecture, integration of geolocation information, and alarm notifications if the asset moved outside a defined geo-boundary.

Challenges Faced by Oil and Gas Operators

Discussion of the complexities of the oil and gas industry and the challenges they face with asset tracking

The industry has many asset tracking challenges due to the way it operates. Let us look at some. They have extensive assets, such as drilling equipment, pipelines, tanks, and trucks. These assets have unique tracking requirements and can be situated in diverse environments. This makes it difficult to implement a standardized tracking system. The operations include risky activities such as drilling, transportation, and refining. Accuracy in asset tracking is essential to ensure personnel safety. Any inconsistencies or delays in asset tracking can have serious consequences. Third, most oil and gas assets are in hostile environments, such as oil rigs and oil fields in deserts. These locations make it challenging to have asset tracking methods, such as GPS. Fourth, the industry produces a large amount of data from sensors, monitoring systems, and tracking devices. This data can be managed only by specific tools and with robust data infrastructure to ensure data integrity and security.

Explanation of the impact of poor asset tracking on the industry

The impact of poor asset tracking can affect the operational efficiency and financial performance of the oil and gas industry. There will be delays in maintenance and repairs, increase in safety risks, such as equipment failures or accidents, higher costs due to emergency repairs or equipment replacements, and a rise in labor costs due to inefficiencies in scheduling and maintenance.

Overview of the regulatory environment and its impact on asset tracking

The oil and gas industry has regulatory requirements related to asset tracking, and failure to comply can result in penalties and fines. The requirement is mandated to report data on asset tracking, such as location, maintenance schedules, and environmental impact. Companies must monitor vehicle and equipment emissions, track hazardous materials, and maintain equipment well. Permits and licenses are given only if compliance and regulatory requirements are met. There will be regular inspections and audits to ensure compliance needs are met concerning asset tracking.

Solution Provided by Ness

Overview of the asset tracking solution developed by Ness for the client

The client partnered with Ness for its extensive expertise in developing solutions for oil & gas asset tracking, oil and gas fleet tracking, oil and gas fleet management, oil and gas equipment tracking, oil and gas asset tracker, oil and gas asset monitoring, and creating oil and gas asset tracking software.

Explanation of the technology used to implement the solution

Ness initially created an integrated user experience leveraging best practices in experience engineering. State-of-the-art frontend engineering expanded to backend platform improvements and introduced a microservices architecture, integration of geolocation information, and alarm notifications if the asset moved outside a defined geo-boundary.

Discussion of the key features of the solution, including real-time tracking, data visualization, and analytics

Integrating geolocation information and alarm notifications into asset tracking software is beneficial to drive real-time tracking, data visualization, and analytics. Operators can monitor equipment location and personnel, location of assets can be visualized on a map helping operators to detect how assets are used and helping them make informed decisions on scheduling maintenance and repairs. By combining geolocation data with other data sources like sensors and maintenance records, asset tracking software can leverage analytics to identify trends in the use of assets and predict maintenance needs.

Explanation of how the solution meets the specific needs of the oil and gas industry

The integration of geolocation information and alarm notifications into asset tracking can improve tracking accuracy to monitor equipment location and personnel. It enhances safety through alarm notifications in case an asset moves outside a defined geo-boundary, enabling personnel to take action and prevent accidents. Geolocation information and alarm notifications help comply with regulatory requirements and reduce costs. It also helps optimize operations, reduces downtime, and streamlines scheduling the availability and maintenance of drilling equipment. Fleet management for the oil and gas industry can be streamlined as vehicles can be closely tracked.

Benefits of Asset Tracking for Oil and Gas Operators

Discussion of the benefits of asset tracking for oil and gas operators, including improved efficiency, increased safety, and reduced costs

The benefits of oil and gas asset tracking include improved efficiency by tracking equipment and assets in real-time, optimizing their operations, better schedule planning and resource allocation, and minimal equipment downtime due to reduced losses or misplacements. There is increased safety of workers and equipment, and operators can use geofencing and alarm notifications to prevent unauthorized access to equipment and facilities. Operators can also avert equipment theft and loss, reducing insurance and repair costs. They can also demonstrate compliance and avoid fines. Asset data can be analyzed to predict maintenance needs for optimizing operations and increasing efficiencies.

Overview of the impact of asset tracking on the oil and gas industry as a whole

Oil & gas asset tracking has a big impact on the oil and gas industry. It has helped optimize operations by tracking equipment use and scheduling and allocation of resources. There is increased safety for workers as hazardous situations can be identified to avoid accidents. Unauthorized access can be prevented in facilities, and there can be a faster response to any security breach. Unnecessary maintenance can be avoided, and environmental and safety regulations can be easily met.

Conclusion

  • Recap of the key takeaways from the case study
    This case study proves that asset tracking is a critical capability in the oil and gas industry for as many reasons as quoted. Ness has extensive expertise in developing solutions for oil & gas asset tracking, oil and gas fleet tracking, oil and gas fleet management, oil and gas equipment tracking, oil and gas asset tracker, and oil and gas asset monitoring and creating oil and gas asset tracking software. Oil and gas companies can leverage these offerings to increase their efficiencies and optimize their operations.
  • Emphasis on the importance of asset tracking for oil and gas operators
    Asset tracking for oil and gas companies can help know underutilized or overutilized equipment, ensure operator safety, reduce accident risks, track personnel movement, drive stricter compliance to regulatory needs, and improve equipment efficiencies and overall operations.
  • Call to action for other oil and gas operators to consider implementing an asset tracking solution like the one provided by Ness
    Oil and gas companies must implement a similar solution developed by Ness, as it helps them track the mechanical availability of equipment, Increases the visibility of assets by 30%, and operational efficiencies by streamlining UX flow and user interface design when compared to legacy applications. Fleet management in oil and gas industry can be simplified through increased visibility of the vehicle assets.

FAQs

What is asset management in oil and gas?

It includes the management of physical assets like rigs, pipelines and refineries.

What is the best way to track assets?

Best way to track assets is through barcode, RFID, GPS, telematics, and asset management software.

What is asset performance management oil and gas?

APM is a combination of processes and technologies to enhance the performance of rigs, pipelines and refineries.

How do you keep track of company assets?

By creating an inventory of assets, using asset tracking software, bar coding, RFID tagging, audits, and tracking asset maintenance.

What is an example of an asset tracker?

There are many asset trackers such barcode scanners, RFID tags, GPS trackers, telematics devices, asset management software, and Bluetooth beacons.

What is an oil & gas operator?

It is an organization that is into the exploration, development, production, and distribution of oil and gas resources.

What is an asset tracking system?

It is a software that empowers the organization to track the location, use, and status of equipment in real time.

What is equipment tracking software?

Equipment tracking software can track equipment used in construction, mining, transportation, and manufacturing.

What software is used in oil and gas exploration?

The type of software includes GIS, seismic information software, reservoir modeling software, and drilling optimization software.

What is APM in oil and gas?

It stands for Asset Performance Management in the oil and gas industry. It helps optimize their equipment, infrastructure, and personnel performance.
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