We update MongoDB Cloud Manager regularly so that we can make it better for our customers. The latest version of Cloud Manager that was released on 2/22/16 introduced some significant changes and improvements. Continue reading below to learn more about the changes:
- Release of optimized navigation structure UI, including simplified Servers & Processes view. Take a look at the new Deployment tab to see the re-styled Servers and Processes tabs.
- Completely retooled user and roles management, giving users more flexibility over what is managed and what is not managed. You can find the users and roles under the “More” menu on the Deployment tab.
- Ability to convert a replica set to a sharded cluster
If you have any feedback, feel free to send us an e-mail at email@example.com. Thanks for using Cloud Manager!
Derivitec’s Risk Analysis Platform Uses MongoDB to Give Any Trader Access to Big-Bank Computing Power
Understanding future risk is vital for every successful organisation. In the financial markets, gaining that understanding means processing a mountain of complex data. In previous generations that meant you needed big computers and proprietary software that only big banks could afford. Thanks to better open source software and commodity hardware, that is no longer the case. Derivitec uses powerful modern infrastructure like MongoDB and AWS to make it possible for traders to get streamlined, industry standard financial analytics in minutes, not months. This gives them an understanding of what a range of different future events could mean for their investments. Answering the vital questions: What could go wrong? What’s the worst-case scenario? How can I hedge that risk? To address these questions Derivitec needed to build a different, more modern, platform. In 2011, when the company started, the team knew it would be processing a large volume and wide variety of data. So the database layer was going to be a defining factor for success. For the core functionality of the platform something fast, reliable and, above all, flexible was needed. New data sources, constantly changing regulations, and variable customer requirements meant functionality would be continually evolving. For Derivitec the obvious answer was a non-relational database with a document-oriented data model . Then, as now, MongoDB was a good fit. It’s worth pointing out that other no-SQL solutions were evaluated for this functionality but, quite simply, the performance levels were nowhere near what was needed. There are dozens of non-relational databases, but the choice was still a simple one. The three reasons for deciding on MongoDB were: Tried and tested technology – it has all the modern functionality and performance but it’s also got a massive community, thousands of customers and a mature support network. Operational tooling – Cloud Manager provides monitoring, backup and automation of deployments from the beginning - reducing costs and eliminating risk Ease of use – If you’re building a platform that will be easy to use, it makes sense to use one that’s easy to use too. MongoDB was also proven to run efficiently in the cloud, which is a huge part of what makes Derivitec special. In the early days Derivitec used Microsoft’s Azure cloud, but as its usage of MongoDB increased, the decision was made to switch from Azure to Amazon Web Services . Azure’s cloud was still too focused on its own software and it wasn’t as simple as it should have been to use non-Microsoft software, whilst AWS proved to be more accommodating. With that underlying infrastructure in place the platform could now be scaled out. MongoDB’s flexibility enabled Derivitec to deliver a system that could have users calculating risk on their portfolios in minutes, compared to the months it would have normally taken. For example, you can simply drop your trades in from Excel, visualise them, rearrange your portfolios, set up new portfolios, and manage the whole booking cycle natively within the app. The playing field is far from level. A big financial institution can still call a Napoleon's army of resources - both personnel and technology. But with the right data, enough context and access to intuitive tools you might just be able to see what your multiple futures hold. It’s exciting to be working in a time that modern open source software architectures and the power of cloud computing is eliminating obstacles and liberating giant ideas from giant budgets. About Derivitec Derivitec Ltd is a privately owned, UK based independent software vendor specialising in high performance, cost effective analytics for the derivatives industry. Founded in Dec 2011, the company have been working intensively towards cloud based solutions for risk and portfolio management. The Derivitec Risk Portal has been designed to allow users to start analysing risk on their derivatives portfolios in a matter of minutes. With industrial standard models and sanitised market data as standard, customers can focus on the business of business, while Derivitec concentrates on the business of risk. For an overview of MongoDB and its implementation on the AWS cloud platform read our guide. MongoDB on AWS: Guidelines and Best Practices About the Author - George Kaye George is the CEO and founder of Derivitec.
The Rise of the Strategic Developer
The work of developers is sometimes seen as tactical in nature. In other words, developers are not often asked to produce strategy. Rather, they are expected to execute against strategy, manifesting digital experiences that are defined by the “business.” But that is changing. With the automation of many time-consuming tasks -- from database administration to coding itself -- developers are now able to spend more time on higher value work, like understanding market needs or identifying strategic problems to solve. And just as the value of their work increases, so too does the value of their opinions. As a result, many developers are evolving, from coders with their heads-down in the corporate trenches to highly strategic visionaries of the digital experiences that define brands. “I think the very definition of ‘developer’ is expanding,” says Stephen “Stennie” Steneker, an engineering manager on the Developer Relations team at MongoDB. “It’s not just programmers anymore. It’s anyone who builds something.” Stennie notes that the learning curve needed to build something is flattening. Fast. He points to an emerging category of low code tools like Zapier, which allows people to stitch web apps together without having to write scripts or set up APIs. “People with no formal software engineering experience can build complex automated workflows to solve business problems. That’s a strategic developer.” Many other traditional developer tasks are being automated as well. At MongoDB, for example, we pride ourselves on removing the most time-consuming, low-value work of database administration. And of course, services like GitHub Copilot are automating the act of coding itself. So what does this all mean for developers? A few things: First, move to higher ground. In describing one of the potential outcomes of GitHub Copilot, Microsoft CTO Kevin Scott said, ““It may very well be one of those things that makes programming itself more approachable.” When the barriers to entry for a particular line of work start falling, standing still is not an option. It’s time to up your strategic game by offering insight and suggestions on new digital experiences that advance the objectives of the business. Second, accept more responsibility. A strategic developer is someone who can conceive, articulate, and execute an idea. That also means you are accountable for the success or failure of that idea. And as Stennie reminded me, “There are more ways than ever before to measure the success of a developer’s work.” And third, never stop skilling. Developers with narrow or limited skill sets will never add strategic value, and they will always be vulnerable to replacement. Like software itself, developers need to constantly evolve and improve, expanding both hard and soft skills. How do you see the role of the developer evolving? Any advice for those that aspire to more strategic roles within their organizations? Reach out and let me know what you think at @MarkLovesTech .