With rapid advancements in cloud computing, data management, and AI, hybrid cloud is crucial for next-gen IT infrastructure. It offers flexibility, scalability, security, ability to tap new markets and revenue streams in addition to cost transparency, helping businesses innovate and stay agile.
In a knowledge exchange session, curated by CORE Media, in association with Intel and TCS, CIOs and Digital leaders discussed hybrid cloud migration and related concerns.
Anoop Mathur, Founder, CORE Media along with Vikram Chauhan from Intel India and Mahesh Menon, Head of TCS Enterprise Cloud explored the cloud transformation strategies and its impact on growth, existing investments and core innovation in the BFSI sector.
The key points highlighted by the CIOs and Digital leaders attending the discussion were:
- Hybrid Cloud enables businesses to innovate rapidly by integrating public and private cloud services. Enterprises reap several benefits by adopting hybrid cloud frameworks, including scalability, enhanced user experiences, and alignment with future business models. These factors are crucial for maintaining agility in today’s competitive landscape.
- CIOs from the BFSI sector discussed the complexity of managing multiple cloud environments, data residency regulations, and data encryption key management, emphasizing the need for secure and continuous innovation and adaptation in cloud strategies.
- Experts from Intel and TCS delved into strategies for optimizing costs (FinOps), optimizing cloud-native applications, and ensuring smooth data migration between different cloud environments. Maintaining Data Security through encryption and advanced security frameworks is critical for compliance and risk mitigation.
