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 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
Positioned the firm to save between 20% to 80% across their application portfolios and infrastructure costs from simplification, rationalization, and migration to Cloud model.
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
Please refer to Part 1 of this blog for the context. Here are the other two stories! Putting yourself in the shoes of the customer – Role Play with Humour My next story comes from a very key engagement we had with one of my strategic Client Accounts. This was a...
A few months back when I was speaking with the CIO of a retail business, he told me proudly how they have doubled down on all efforts to use the latest conversational technologies to engage with their customers online. My curiosity stoked, I decided to check out how...
Santa is the scrum master for the DevOps team. She just took over as a scrum master and found the team highly functioning. They are working on many initiatives going as well as keeping up with the plethora of service requests that are coming their way. Santhosh is the...
More Success Stories
LET'S START A CONVERSATION
PM Power Consulting
PM Power Consulting helps organizations achieve agility in design and delivery of software and services.
PM Power Consulting Pvt. Ltd.
354/3, I Cross, I Block, Jayanagar
PIN Code: 560 011
Phone: +91 80 2657 5292