The cloud is levelling the playing field, she says. Before, it would cost millions to set up a bank. Data plus connectivity is driving new business models, she states.
She says Westpac's new business model has a two-pronged approach - great digital experiences and empowering conversations with customers.
She says they did this by investing agility into the organisation. They were also able to partner with New York based startup Moven, which they would not have been able to do if they were not with AWS.
AWS's Glenn Gore says the cloud lowers the cost of failure, which increases innovation.
"If you can have an idea and test it in the cloud and it costs you a few dollars give it a go," he states.
He contrasts this with the "old world" set up of needing $10,000 to $20,000 worth of equipment, which will require weeks to install and to wait for management "just to test an idea".
Today, he says, AWS is the platform of choice for customers, whether a startup, enterprise, private sector, education and government.
Governments wants to have better ways to engage with citizens, he told those attending the AWS Summit.
The cloud is one of the ways they can get feedback, lower the cost of delivering services and improve relationships with citizens, which makes societies better, he states.
Source: CIO New Zealand
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