You may want to read my earlier post on Open source business dynamics where I suggest that there is little money to be made as an open source vendor.
Archives for October 2006
The Sarbanes-Oxley Compliance Journal published my piece on a maturity mdoel for identity management. You can read the full article here.
Achieving Compliance Through Identity Maturity
2006-10-27 12:00:00.0 CDT
Where do you want to be and how do you get there?
By Anshu Sharma
Security and identity management have become an important issue on the radar of CFO’s and CIO’s as wave after wave of regulations in the areas of financial controls, privacy protection, and identity theft prevention are adopted in various countries. US companies will spend upwards of $15 billion on technology products and professional services this year alone in order to adhere to new compliance regulations, according to AMR Research, Boston.
The initial response by organizations to these regulations has been to adopt a piecemeal approach but a duct-tape approach to fixing every possible identity and security loophole results in high expenditure without a sense of how close the business is getting to its end goal. The end goal is to be a secure, well-managed organization with optimized processes for employee on-boarding and off-boarding, and efficient controls that prevent fraud and detect problems in a timely manner. The path to this goal traverses through various levels of maturity.
Nishan Kaushik who is an identity management guru and architect for the Oracle Identity Management products has written some excellent pieces on provisioning and role management at Talking Identity Blog.
I wanted to welcome my new readers. Please do participate by leaving a comment below. Here is the list of my top 5 articles-
- Let’s play games! Open source generates lots of value but little revenue
- India at a threshold- a first hand account
- Ever heard of Ufida, Kingdee, Tally?
- TiE Event: The great Virsa story for Enterprise Software
- Disruptive Innovation, Co-option and JBoss
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I have been receiving these podcast alerts from Gartner and one of them caught my eye-“What Banks should know about Web2.0”. The podcast available here talks about how Web2.0 will inevitably impact the banking industry. The analyst talks about how money will change hands in MySpace, how banks are using podcasts and that RSS feeds can be used to disseminate information. I am sceptical about the MySpace, don’t much care for podcasting or its supposed impact on banking but agree that podcasting and RSS are useful technologies. Although it is hard to understand how this is specific to banking vs. retail or healthcare. The analyst then refers to CircleLending, a peer-to-peer lending enablement startup. A very interesting startup amongst the ranks of Zopa and Prosper.
Meanwhile in Brazil, HSBC seems to be everywhere. On my latest business trip to Mexico and Brazil, I saw HSBC truly dominate the marketing landscape in the two countries. And they seem to be doing well in India too with over 50% growth in profits. Citibank is probably the only other bank that has had so much success in its global strategy and its claim to be “the world’s local bank” rings true. So how does this relate to Web2.0- it does not and that is the point. In my view, the future of banking is not Web2.0 but Brazil, Russia, India and China. I would like to coin the term BRIC2.0 and propose that more opportunity and growth is to be found by following the advice of CK Prahlad than by doing a mashup of Bank of America site with LendingTree!
For example, customers of banks in India can check their balances and pay bills by using text messaging on their cell phones. And text messages in India cost lower than 1c per message. In fact, over the next few years as banks from India and other low-cost high-capability countries set up shop in the USA, they may end up giving the US banks a run for their money. If Infosys can run IT operations of large European or US banks at a lower cost, then their friends at HDFC Bank or ICICI Bank may one day be able to provide banking services that can compete with the large US banks. And that may be the logical conclusion of outsourcing. You only have to look at how the PC industry started with outsourcing manufacturing of minor parts, then chips and now Lenovo owns IBM to wonder if one day the same could happen in other industries from banking to healthcare.
BRIC2.0 is the next generation of developing economies that are the engines of growth for banks, automotive, steel, etc. Indeed, IBM is moving its global procurement offices to China from New York. A sign of times to come… forget Web2.0, focus on BRIC2.0!
Did I say dominate San Francisco? I meant Software!
Yes, Oracle is taking over San Francisco for the next week with its annual gala that has grown to over 40,000 attendees this year. I will be attending as a member of the Oracle Identity Management team- we have a signficant presence with demo booths and over 10 sessions. I will be presenting on “Managing Security in the World of Web2.0 and SOA”. The aim of my presentation is to bring out the key common themes between Web2.0 and SOA, and at then address some of the common security concerns around web services. Another key enabling technology for Web2.0 and SOA is Federation that allows businesses and consumers to collaborate across organizational and network boundaries. I will also touch upon what is Enterprise2.0 and how do you apply mashups to enterprise services.
The event this year will include a much larger audience interested in applications with Siebel (Oracle|Siebel) and Peoplesoft (Oracle|Peoplesoft) having joined the ranks over the last 2 years. Fusion Middleware and Fusion Applications with emphasis on standards-based open architecture of SOA will be one of the key focus areas.
And yes, Sir Elton John will be performing. This should be fun. If you are attending, you should visit our Identity Management booth and say hello. And if you are not, visit the website to read material and watch the webcasts. And yes, Larry Ellison will be giving a keynote in addition to technology development leaders Chuck Rozwat and Thomas Kurian (his debut keynote at OpenWorld), and applications head John Wookey.
CNET’s News.com has some nice pictures.