Move to public cloud displays CIO’s clout

In December 2016, Steve Randich took the stage at Amazon Web Services’ (AWS) re:Invent conference to tell the story of how his organization made a daring move to the public cloud.

He ticked through a series of benefits to the Financial Industry Regulatory Authority (FINRA), the privately held, independent regulator of financial markets. One of them — the performance gain of 400 times — must have been mind-boggling to many (including the headline writer for the official YouTube video, which still states the gain as 400 percent).

All of the results were impressive, particularly because this wasn’t some low-value deployment. Instead, FINRA put its mission-critical market surveillance platforms on AWS, along with 90 percent of its data. In a time where many companies were flirting with the public cloud, Randich and his team were going all-in.

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