Enterprise agility and the ability to innovate, adapt and respond quickly to the ever-changing risk and regulatory landscape is no longer a choice, but the cornerstone of successful digital transformation and commercial growth. Traditional access to and ways of managing data invariably create challenges in dealing with multiple data repositories, reconciliations, fire-drills, etc.

In response, the move to cloud is increasing significantly. It enables risk analytics and regulatory reporting at scale in a secure environment with data storage, management and encryption capabilities as a standard. In addition, as regulatory reporting requirements become more granular, machine learning can help facilitate new insights and allow for risk management to become more embedded into operational processes.

This webinar will address the day-to-day challenges in risk management and regulatory compliance, while also exploring how technological innovations can provide massive improvements and potential.

Key themes

• Real-life data challenges in the eyes of risk managers: can compliance, fraud detection and identifying liquidity positions be improved through the use of AI?
• Innovative approaches to streamline regulatory reporting to derive deeper customer insights from data at the moment of truth.
• Reimagining operations: how to modernise the data infrastructure to accommodate data explosion, drive flexibility and deliver a more cost effective outcome.

In order to be successful, research needs to be replicable, so scientists can build on past work and insights. However, an article in Nature warned that as much as 50% of published drug development research could not be reproduced in subsequent trials. As a result, promising drug candidates sometimes led to disappointment, as well as wasted time and money, when key findings could not be replicated. 

The shift to cloud computing helps solve this problem because it allows researchers to use open-source tools that work across platforms. As demand for cloud computing rises, our customers have asked us for more ready-made solutions to assure reproducibility of results by their collaborators, regardless of the platform they are using. They asked for secure and effective collaboration tools as well as faster time-to-insight from any type of data.

We listened. Google’s new research and data insights solution includes three sets of functionalities to address these key challenges. Each can be activated on demand and may be eligible for subscription pricing. “HPC in a box” offers abstract complexity to run high performance computing (HPC) workloads by automatically managing your cluster in the most effective manner. It integrates seamlessly with some of the industry’s most-used schedulers like Slurm and PBS. It makes it easier than ever to answer bigger questions faster by accessing Google’s fast, powerful hardware like TPUs and GPUs, all for one predictable flat fee for eligible workloads. Healthcare Innovation Hub provides healthcare-specific functionality to help ingest, aggregate, and de-identify any type of healthcare data in its original format. It unlocks cross-modality analysis and collaboration and empowers researchers with harmonization tools to overcome healthcare interoperability issues. Google Cloud Real-World Insights (formerly FDA MyStudies) accelerates and streamlines drug development and clinical trials to address urgent medical challenges with reproducible results.

The solution enables researchers to ask new questions, get answers more quickly, and work more collaboratively–with no wait times or down times. Institutions can scale to more ambitious projects and generate actionable, real-time insights from any data source–all while staying within budget.

Many top research centers have already found it faster and more cost effective to shift from downloading and storing data on their own servers to storing and analyzing data on Google Cloud. Here are some of the real-world projects already yielding breakthroughs:

• Clemson analyzed 8,500 hours of traffic camera feeds with 2.1M vCPUs in three hours to improve evacuation routes for disaster planning.
• The Colorado Center for Personalized Medicine saved $2.9M by building their Compass data warehouse on Google Cloud rather than on on-prem.
• The Broad Institute slashed costs of genomic sequencing by 90% with Google Cloud.

Our partners, such as Atos, Burwood, Omnibond, Mavenwave, Quantiphi, and Deloitte, can help you first design and develop, then install and implement your own solution, including training. To assess your institution’s needs and develop a customized plan for your next-generation research solution with research and insights, contact our sales team.

CIOs are again evaluating their mainframe investments, balancing rising operational costs and difficulty finding talent with the perceived costs and risks of moving critical applications to the cloud. Increased business agility, technical innovation, computing elasticity, customer insights, and a growing talent pool all encourage CIOs to migrate and modernize from “Big Iron” onto public cloud platforms. 

Google Cloud recently announced Dual Run, a new mainframe modernization solution, to help customers mitigate the risk involved in mainframe migrations and accelerate their migration to the cloud. Leaders can leverage Dual Run in their quest to ensure their mainframe modernization projects will succeed and pay off so let’s dive a little deeper into what Dual Run is, how it works, and how it can help you. 

Mainframe modernization with a proven technology

Since so many businesses still run mainframes, we decided to partner with Banco Santander—one of the largest banks in the world—to bring Dual Run to our enterprise customers, since they had already built a solution. In fact, Dual Run was built on top of Banco Santander’s unique technology which has already demonstrated proven results in the regulated financial services industry. Now that Dual Run is available, Banco Santander has been using it to bring their data and workloads onto Google Cloud’s trusted infrastructure.

The concept is not new, but the solution is unique

Dual Run enables you to run a parallel production system, allowing you to simultaneously run workloads on your mainframes and on Google Cloud. While many enterprises running mainframes have thought about parallel production concept and a few even tried before, Google Cloud is unique among the hyperscalers to provide such a solution as an offering to its customers. 

With a parallel production run, you can perform real-time testing of your applications on Google Cloud and quickly gather data on performance and stability with no disruption to your business. Once you’re satisfied with the functional and performance equivalence of the two systems, you can make the new Google Cloud environment your system of record, while existing mainframe systems can be used as a backup or decommissioned. 

In addition to the transformative benefits you get from moving to Google Cloud–such as AI-based scalability, speed, and security–migrating mainframes with Dual Run offers you even more benefits:

Mitigate migration risk: Dual Run reduces risk during the migration by running your business critical systems in parallel with powerful reporting to track the difference between your current and target systems. This ensures there is no impact or risk to your existing mainframes while migrating to Google Cloud. 

Secure migration investments: Avoid costly migration mistakes by basing your decisions and actions on empirical data acquired from your production system.

Reduce business testing effort: Compare the functional equivalence of outcomes in the current and target system with production data and drastically reduce the testing cycles of your migrated workload. 

Accelerate migration: Speed up the entire mainframe migration process with a well-defined framework, automation components, predefined dashboards, and a tested approach.  Empirical reporting available in Dual Run also enables customers in regulated industries to more readily respond to regulator reviews and requests for information.

Your migration journey with Dual Run

Dual Run is packaged with several automation components to aid your migration journey, from assessment all the way through to production. 

This chart shows how Dual Run plays a key role throughout your mainframe modernization journey:

Let’s explore this illustration in a bit more detail, phase by phase: 

Current state: This is your starting point, when your production workloads are still running in your mainframe. Dual Run helps you assess your mainframe workload for compatibility on Google Cloud. 

After this assessment, Dual Run’s conversion engine helps address the incompatibilities in your current application and then migrates the application and data to Google Cloud. At this stage, you have your current application executing on the mainframe and your migrated application is ready to be executed or tested on Google Cloud.

Dual Run state: In this state, the migrated workload will be executed in two stages.

Dual Run stage 1:

In the first stage of Dual Run, your mainframe will remain as the “primary” system — meaning the response and outputs to other systems are sent from your mainframe — while the migrated workload will be executed in parallel in Google Cloud as “secondary.”

Dual Run performs the following actions as a cyclical process, repeated until you reach your desired migrated application quality is achieved:

• All workloads — batch & transactions — executed in the mainframe are replicated in Google Cloud 
• The outcomes from both systems are validated to report any differences, enabling you to take corrective actions in migrated applications
• The functional and performance differences between the two systems will be observed, and the mainframe and Google Cloud data are periodically synchronized to bring both the systems in sync 

Typically, most of your migration time will be spent in the first stage of Dual Run until you are satisfied with the results. The key goal for this stage is that your primary, business-critical mainframe workload is not disturbed while your migrated application is tuned to provide the exact same results as your current application.

Dual Run stage 2:

When the Dual Run reporting and results confirm that the migrated application matches your mainframe system, Google Cloud then becomes the “primary” system, while your mainframe will still be executed in parallel as “secondary.” Dual Run will enable you to do a smooth switch between primary and secondary systems through a configuration management system.

Target state: In this final state, the mainframe can be decommissioned while the Dual Run components are removed, enabling an optimal and efficient business execution with Google Cloud.

Summary

For any business or organization that has to migrate or modernize their mainframes, Dual Run offers a unique solution to achieve this with reduced risk and time. In fact, what we’re seeing from our customers is that Dual Run offers the right combination of proven experience, engineering, and strategic partnership that is essential for mainframe migration success. If you would like to learn more, check out our mainframe modernization website.