“ Capturing value in the cloud” (collection).“ How CIOs and CTOs can accelerate digital transformations through cloud platforms”.“ Unlocking value: Four lessons in cloud sourcing and consumption”.
“ Debunking seven common myths about cloud”.
“ Three actions CEOs can take to get value from cloud computing”. We anticipate being able to calculate the impact of this dimension within the next three to five years as case evidence matures. Given the nascent stage of these technologies, it is far too early to quantify their potential impact over the next decade with any reasonable precision. The third dimension, pioneer, involves exploring business models by experimenting with new and emerging technologies such as blockchain, quantum computing, augmented and virtual reality, and 3-D printing. The output was a detailed estimate of value by dimension, benefit driver, and industry. Here, we categorized use cases as not requiring public cloud and as accelerated or unlocked by public-cloud technology, attributing respective share of value to public cloud. We quantified the potential value of more than 700 use cases involving advanced analytics, IoT, and automation. Last, we assessed the potential improvement in back-office performance from cloud’s ability to accelerate and unlock technology use cases.įor the second dimension, innovate, we assessed revenue uplift (the margin impact of revenue increases) and cost savings from business operations. In addition, we have analyzed reports by Ponemon Institute, IBM Security, and CyberEdge Group to estimate the value in reduced risk of breaches and lower spending on cybersecurity and breach management. The cost baseline has been assessed by drawing on McKinsey’s proprietary D2020 knowledge base, which encompasses holistic IT-performance diagnostics conducted at more than 1,000 clients spanning more than 20 industries and all geographies, and IHS Markit and Oxford Economics market projections. 5 Tyler Clifford, “How Moderna is using Amazon cloud to produce personalized cancer vaccines,” CNBC, January 15, 2020, .įor the first dimension, rejuvenate, we calculated the potential value from IT cost efficiency across application development and maintenance and infrastructure spending, drawing on double-blind surveys of more than 1,000 cloud-adopting companies conducted by Omnicom Group, an independent third-party market-research firm. “because you don’t have to reinvent everything, you just fly,” Bancel said. Thanks in part to cloud, Moderna was able to deliver the first clinical batch of its vaccine candidate (mRNA-1273) to the US National Institute of Health for phase one trials just 42 days after the initial sequencing of the virus, 4 “Moderna announces positive interim phase 1 data for its mRNA vaccine (mRNA-1273) against novel coronavirus,” Moderna, May 18, 2020,. 3 AWS for Industries, “Automating GxP compliance in the cloud: Best practices and architecture guidelines,” blog entry by Susant Mallick and Chris McCurdy, November 19, 2019, /blogs. Pinpoint pharma chicago jobs code#
Moreover, the adoption of cloud principles, such as infrastructure as code (IaC) and security as code, helped to automate good-practice (GxP) compliance processes so the organization can move quickly while staying secure and compliant. 2 “AWS powers Moderna’s digital biotechnology platform to develop new class of vaccines and therapeutics,” Business Wire, August 5, 2020,. Scientists and engineers also use fully managed cloud data-warehousing services to integrate insights from multiple experiments running in parallel and quickly refine the design and production cycle.
Moderna runs its Drug Design Studio, a proprietary web application, on cloud and leverages cloud’s scalable compute and storage infrastructure to analyze and quickly design mRNA sequences for protein targets. This article was a collaborative effort by Will Forrest, Mark Gu, James Kaplan, Michael Liebow, Raghav Sharma, Kate Smaje, and Steve Van Kuiken, representing views from McKinsey Digital.
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