Cloud Enablement
Find out how our Consultants set a Financial Services company on the journey to reap benefits from adopting the Cloud for the first time.
————-
A CASE STUDY
percent savings targeted across several application portfolios and infrastructure costs
increase in productivity/speed-to-market to deliver critical business requirements
Cloud Strategy for a Financial Services Company
Client is a Financial Services Company serving both institutional and retail customers across a wide variety of financial products. Business is characterized by mission-critical high volume financial transactions and requiring high degree of compliance to market regulations.
The Challenge
The Financial Services company was struggling with the following challenges, with no experience leveraging Cloud at all for any of their business areas:
- Legacy technology that did not lend itself to the demands of today’s Digitally connected world
- Lack of end-to-end knowledge of systems landscape, making quickly adapting systems a nightmare
- Ever-growing data volumes meant exponentially increasing TCO and complexity, especially from expensive database license costs
- No leverage of Cloud
Approach and Solution
Conducted a Digital Maturity Assessment and identified key focus areas to address the specific business challenges with IT
- Identified solutions to address specific issues related to product/platform performance, scalability and availability
- Identified application portfolios that could migrate to the Cloud, along with the roadmap to achieve the same
Specific solutions to increase Tech agility, Automation, and infusion of continuous innovation with closed loop on customer feedback to stay close to pulse of the customer
The Outcome
Cost Savings
Positioned the firm to save between 20% to 80% across their application portfolios and infrastructure costs from simplification, rationalization, and migration to Cloud model.
Business Agility
Enabled the business to be nimbler in meeting customer demands through transformation of IT Operating model.
Better Knowledge Management
End-to-end systems visibility and clarity on the application and technical landscape.
Digital Transformation Experts
Talk to our experts to find out how you can accelerate your business through Digital Transformation Consulting Services.
DIGITAL TRANSFORMATION Blogs
CHOW #297 – An Architect’s Dilemma
Mohan, senior IT architect at ABC Bank, was looking at the cloud bills for the first quarter for one of the bank’s newest payments transaction software he helped architect and design. He simply could not believe his eyes and was aghast at the high dollar figure in...
Digitally Speaking: Think like a CEO, Think DevSecFinOps
Among the many responsibilities the CEO of a company has, capital allocation is a critical one. In fact, some of the best CEOs have excelled at this function – think Warren Buffet, Jeff Bezos and their ilk. Efficiently allocating the firm’s financial resources to...
Digitally Speaking: Innovation and Change
We know change drives innovation, and innovation in turn drives change. Over the past few decades we have seen every industry evolve through this virtuous cycle, trying to keep up with it by taking advantage of the key innovations on offer (industry x.0). We are now...
More Success Stories
LET'S START A CONVERSATION
Connect with us:
PM Power Consulting
PM Power Consulting helps organizations achieve agility in design and delivery of software and services.
SERVICES
INSIGHTS
Corporate Office
PM Power Consulting Pvt. Ltd.
354/3, I Cross, I Block, Jayanagar
Bengaluru, India
PIN Code: 560 011
Phone: +91 80 2657 5292
email: info@pm-powerconsulting.com
FOLLOW US