CIOReview | | 9 MAY 2022in the cloud means that we can release new features and capabilities faster to meet the demands and workloads of our development teams.New dimensions of efficiencyCost reduction is often one of the main benefits cited for cloud adoption but more than anything, we are witnessing new dimensions of efficiency across our teams. A great example is the speed of new feature releases--accelerated by both DevCloud and the reduction in lead times, we're seeing far more efficiency in delivery than ever before. Another example comes from the insights we've gained into our consumption patterns. A concrete outcome of this has been the creation of policies that do things like automatically shut down development servers over the weekends. Over the last year alone, these small behavioural changes have resulted not only in cost savings but also a notable reduction in the carbon emissions associated with running idle resources. The ability to make decisions like these based on the data we can extract from the cloud means that we are experiencing more efficiency than ever. New capabilities breed creativityAs we methodically vetted and curated new cloud services for the UBS ecosystem, we've witnessed much more creative problem solving when it comes to the design of applications, features and services. This comes partially from the maturity of our cloud program but also from the availability of capabilities that were previously too costly or required too much development time or expertise to integrate.Within the UBS digital ecosystem, the best example of this has been steady growth in the integration of cognitive services like facial recognition, speech recognition and translation. Cognitive bot services are increasingly being used to solve support queries for employees. As the training for these AI driven tools deepens, we will see wider penetration of these cloud tools across the Firm.Early investment, due diligence and strict control landscape early in the UBS cloud journey has proven that not only is it possible to successfully and safely adopt the cloud in our industry but that there are a lot more benefits than there are down sides. What we've witnessed in addition to reduced hardware and maintenance costs is more value creation. This value comes in many flavours; The ability to dynamically scale up and scale down resources based on demand has seen a measurable reduction in our infrastructure costs for many applications. We have also seen more value created by way of faster feature releases for our client facing and internal applications. Paul McEwenThe flexibility of the build in the cloud means that we can release new features and capabilities faster to meet the demands and workloads of our development teams
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