Bank of England looks to public cloud future
Institution seeks partner to assist with construction of new infrastructure
The Bank of England is ready for a “step change” in the way it hosts services and data and is planning a move to a cloud environment.
The institution is seeking a commercial partner to fulfil a two-year project to “assist in design, construction and assurance of a modern, fit-for-purpose cloud environment”. The bank already uses some hosting and software-as-a-service offerings but is now “embarking a new journey” – with the public cloud the planned destination.
The organisation said that “advances in security and vendor offerings” mean that it is now to look at moving data and services into a cloud environment.
- Bank of England spends one-third more on IT than other central government departments
- MoD agency explores ‘novel security features’ for banknotes
- Government to consult on Bitcoin risks
“The bank is seeking to improve and build upon existing capability in order to better understand best practice of identifying, configuring and delivering the optimal service that our business expects, and so this opportunity is to provision these initial services to set us up for ongoing success,” the Bank of England said. “It is anticipated that this new operating model and approach will further improve legacy items within the estate that could be considered candidates for cloud adoption.”
No formal work has been undertaken, so the chosen partner will be expected to work with representatives of the bank and its existing tech suppliers to shape the project from the ground up. Early research activities conducted by IT staff have identified a hybrid environment as the organisation’s likely preferred route.
“The bank technology team have considered existing services in the market and the characteristics of a successful delivery of a hybrid infrastructure – one that is public cloud, private cloud, and internally hosted,” the organisation said.
The bank has not attached an estimated value to the project, but rather asked that bidders “propose a payment approach… [that is] based against deliverables and outcomes”.
Bids for the work are open until midnight on 5 February, with work scheduled to begin on 1 April.
Chief secretary to the Treasury Steve Barclay claims that half of government’s IT spend goes on supporting ageing kit
Contract came with an initial seven-year potential term but will now run until 2022
Annual accounts show uplift in framework usage across both central government and the wider public sector
Procurement agency invites bidders for dynamic purchasing system
Locked down and forced to close clinics, the hospital trust enabled 2,000 employees to work from home and maintain continuity of services within 48 hours
University of Cambridge chose Citrix Workspace to deliver an efficient, sustainable desktop, and gained work-from-home continuity when Covid-19 struck