Federal News Network: How the SEC is adjusting to cloud’s ‘pay by the drink’ model

“As the Securities and Exchange Commission has moved and more applications to the cloud over the last year, it found it needed a new approach to managing the cost of those applications.

Unlike on-premise data centers where you’d buy a rack of servers and it’s a sunk cost, the model for the cloud is much more fluid and, if not managed correctly, more pricey.

This is why Dave Bottom, the SEC’s chief information officer, said he’s hiring a new manager to oversee the ‘pay by the drink’ model so as not to take a big bite out of the agency’s budget.

‘It’s both the logging capabilities that come with the cloud today, and then setting up the right management structures to actually do something with that data. So one new role from an IT perspective is somebody that’s looking at our costs on a day-to-day basis in our cloud environments,’ Bottom said on Ask the CIO, sponsored by Apptio. ‘We have not had to do that before in an on-premise world because the incentive there is to track the recapitalization of an asset.’…”

“’We made a conscious decision in terms of how we were setting up our environment to make sure that we had the right accounting, cost tracking mechanisms in place so as we’re working with the divisions and offices in the SEC to migrate or build new applications that will be running in our cloud environments, we can directly track those costs back to those applications,’ Bottom said. ‘In our on-premise environment that is a shared service today mostly because we buy the hardware and the storage and the servers. We have a virtualization layer that sits on top of that. But we don’t do a good job of tracking that. We don’t have a way to do it right now.’…” Read the full article here.

Source: How the SEC is adjusting to cloud’s ‘pay by the drink’ model – By Jason Miller, March 9, 2021. Federal News Network.

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