Read this article about ReadyWorks, Finalist in the Best Achievement in Operational Excellence to deliver Digital Transformation, selected by the independent judging panel, for the 2021 Digital Transformation & Operational Excellence Industry Awards program.
In the high-stakes game of investment banking, technology is often the differentiator between winning and losing. With this in mind, one of the top five investment banks in the world created the “innovation center” designed to enable the internal testing of emerging technologies.
The innovation center is a 13,000+ sf data center space that consists of 70 unique environments, tens of thousands of devices, and an inventory of well over 5,000 parts such as NIC cards, GPUs, and solid-state drives. Tracking the movement of this vast amount of equipment as well as the many requests to install and evaluate new technology is an immense challenge.
The team that maintains the center must have complete visibility into the location of all devices and parts and who is using them at all times. They need to monitor usage, recover assets when projects end, ensure that hardware is disposed of securely, and maintain up-to-date audit trails. Failure to track and record the history of these assets can result in security breaches and millions of dollars in fines.
Employees who want to check out equipment need visibility into the center’s inventory and assurance that the information is up to date. They also need to request the equipment without speaking with an innovation team member.
The team was managing the inventory and equipment requests with manual processes and a mountain of spreadsheets. There was no easy way to keep track of changes and who made them. Additionally, the team needed to be onsite to handle requests for equipment. They needed a more agile and compliance-driven solution for managing the center’s asset management program.
In evaluating solutions, the bank felt it was critical to partner with a technology provider that could deliver agile customization and rapid support. The bank evaluated several asset management and ITSM solutions but felt none could handle an environment as dynamic as the innovation center. Ultimately, they turned to ReadyWorks, an emerging technology known as a Digital Platform Conductor (DPC).
ReadyWorks reduces the risk and cost of complex IT infrastructure programs.
ReadyWorks was chosen because of the platform’s flexibility and its ability to render relationships between assets from any point of view – environment, server, user, or part. Using ReadyWorks, the team is able to automate the entire asset lifecycle management process. They can now connect project information with asset information, giving them a real-time, 360° view of all assets and complete details about which equipment is being used by which team for which project. This resulted in significant improvements in asset tracking efficiency, saving the firm $500k annually. In addition, by leveraging ReadyWorks, the innovation center has avoided millions of dollars in fines by maintaining audit compliance.
The Digital Transformation & Operational Excellence Awards have been established to showcase globally the most outstanding achievements through the application of Business Transformation, Digital Transformation, Operational Excellence & Innovation Excellence programs. Click here to view the Press Release.
The winners will be announced at the Awards Ceremony at The Digital Transformation & Operational Excellence World Awards (DTOES) on Wednesday, December 15th, 2021, from 6:30 PM at Renaissance Orlando at SeaWorld®.
The Business Transformation & Operational Excellence Awards are open to all organizations, both private and public sector, across the globe, which have implemented Business Transformation, Digital Transformation, Operational Excellence & Innovation Excellence programs to deliver outstanding business results.
The Awards will be held in conjunction with the Business Transformation & Operational Excellence World Summit, BTOES 2021 on December 15, 2021, at the Renaissance Orlando at SeaWorld®. Click to access the agenda, view the current speakers, and watch the highlights video from last year.
BTOES is the industry’s biggest and best, senior-level, cross-industry gathering of Business Transformation & Operational Excellence industry leaders and senior executives.
With over 150 speakers, over 100 sessions, 12 Keynotes, 9 Track Themes, 5 parallel tracks, 60+ track sessions, 50 roundtable discussions, 20 Interactive Workshops, 6 Thought Leader Panels, 5 Leaders Boardrooms, 5 co-located events, the Industry Awards Program, Site Visits, 20+ hours of social networking including 2 gala cocktail parties, dinners, numerous group activities, this is the ultimate event to benchmark, network and drive Operational Excellence to the next level.
There is a strong focus on Cultural Transformation, Customer Delight, Sustaining an Operational Excellence program, Need for end-to-end Business Transformation, Keeping up with new technologies/impact of digitalization and Leadership Buy-in & Understanding. We dedicated two tracks to advanced technologies, such as AI, Machine Learning, RPA, Predictive Analytics, Blockchain, Cloud infrastructure etc.
The agenda is designed to encourage active meaningful conversations through all day enhanced networking and interaction opportunities, including
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