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This is episode nine of tech Lyceum. Today we talk about driving true business value with cloud. Hello and welcome to the Birlasoft podcast tech Lyceum on driving true business value with cloud. I'm Rishu Sharma, director and digital evangelist and Birlasoft and your host for today's podcast. So why digital transformation has been underway for years enterprises currently are at a stage where they're seeking to accelerate their digital initiatives in a sustainable fashion. Driving true business value entails building tech architectures as the organization's backbone that promotes and scales innovation and make them future ready. We will be discussing this and more in our podcasts. Enterprises of all sizes across verticals are adopting the cloud because of being driven by the business needs of agility, scalability and flexibility. The upward trend of global cloud expenditure is a testament to the growing industry needs and the acceptance of cloud as a key pillar of the digital transformation journey. To hear more on this I'm in conversation with Shobhit Mehrotra and Vikas Singh today, Thank you, gentlemen, for taking the time to speak to us today. Why don't you drop in a quick Hi!
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Speaker – Shobhit - 01:23
Thank you Rishu. Great to be here and have an opportunity to talk about how to make business successful with cloud adoption. I am Shobhit Mehrotra, head of cloud practice at the loss of with more than two decades of experience in digital and cloud transformation.
Thank you Rishu. Great to be here and have an opportunity to talk about how to make business successful with cloud adoption. I am Shobhit Mehrotra, head of cloud practice at the loss of with more than two decades of experience in digital and cloud transformation.
Speaker – Vikas - 01:38
Thank you, Rishu,very excited to be here. This is Vikas, I had cloud consulting, and come with more than 25 years of experience with expertize in driving enterprise wide cloud migration, modernization and cloud native programs across industry sectors and geography. The experience includes 10 years in US working with Fortune 100 clients.
Thank you, Rishu,very excited to be here. This is Vikas, I had cloud consulting, and come with more than 25 years of experience with expertize in driving enterprise wide cloud migration, modernization and cloud native programs across industry sectors and geography. The experience includes 10 years in US working with Fortune 100 clients.
Speaker – Rishu - 02:01
Thank you Shobhit and Vikas.
The first thing first maybe Vikas starting from you. So we are seeing rapid advancements in tech. And we're steadily moving towards a truly digital future. And Cloud is the foundation of it all. So The organizations are rapidly making shift to the cloud. And the key ask of the businesses is to leverage the spectrum of benefit and the services that cloud offers. So Vikas,
Q: How do organizations extract true value from Cloud? And what is it that they should be looking at?
Thank you Shobhit and Vikas.
The first thing first maybe Vikas starting from you. So we are seeing rapid advancements in tech. And we're steadily moving towards a truly digital future. And Cloud is the foundation of it all. So The organizations are rapidly making shift to the cloud. And the key ask of the businesses is to leverage the spectrum of benefit and the services that cloud offers. So Vikas,
Q: How do organizations extract true value from Cloud? And what is it that they should be looking at?
Speaker – Vikas - 02:32
Great question Rishu, organizations are moving beyond TCO conversations, and looking at Cloud as a business enabler that opens avenues and new opportunities for them. For example, some of the Williams and manufacturers have moved to consumption based model all their products, rather than just selling the product itself. The consumption is captured, metered and billed on the cloud. Also client in industries such as BFSI are monetizing their API's. Again, these API's are hosted and metered on Cloud. Organizations are looking at Cloud as a platform for driving innovation at scale. In fact, Cloud is an ideal platform for some of the emerging technologies, such as AI, ML, IoT, Blockchain, etc, by virtue of almost unlimited compute and storage that it can provide, also called hyper scalability. In fact, for one of our life sciences customers, we have migrated their data repositories and data warehouses to one of the hyper scalars. This data on cloud or data lake has now enabled them to process and analyze the data, train models and draw inferences from these models at scale and velocity of cloud. Also, the sheer volume and velocity of data emitted from IoT devices, more likely than not requires cloud elasticity in terms of storage and processing. Blockchain network, which requires setting up of distributed nodes and processing can be set up in cloud in minutes versus days or months in on premise setup. In addition, clouds provides better reach to the user base, user base with spinning of clusters nearer to the users with serverless organization are now focusing on building their applications without worrying about infrastructure provisioning.
Great question Rishu, organizations are moving beyond TCO conversations, and looking at Cloud as a business enabler that opens avenues and new opportunities for them. For example, some of the Williams and manufacturers have moved to consumption based model all their products, rather than just selling the product itself. The consumption is captured, metered and billed on the cloud. Also client in industries such as BFSI are monetizing their API's. Again, these API's are hosted and metered on Cloud. Organizations are looking at Cloud as a platform for driving innovation at scale. In fact, Cloud is an ideal platform for some of the emerging technologies, such as AI, ML, IoT, Blockchain, etc, by virtue of almost unlimited compute and storage that it can provide, also called hyper scalability. In fact, for one of our life sciences customers, we have migrated their data repositories and data warehouses to one of the hyper scalars. This data on cloud or data lake has now enabled them to process and analyze the data, train models and draw inferences from these models at scale and velocity of cloud. Also, the sheer volume and velocity of data emitted from IoT devices, more likely than not requires cloud elasticity in terms of storage and processing. Blockchain network, which requires setting up of distributed nodes and processing can be set up in cloud in minutes versus days or months in on premise setup. In addition, clouds provides better reach to the user base, user base with spinning of clusters nearer to the users with serverless organization are now focusing on building their applications without worrying about infrastructure provisioning.
Speaker – Shobhit - 04:25
Rightly said, Vikas, and it goes without saying that cloud is the driver for enhance efficiency and agility. By bringing different parts of the business together, cloud accelerate collaboration and productivity and operational efficiency. With Cloud Analytics in place organizations can identify patterns in data, drive insights and make data driven decisions. All in all, organizations can drive multiple and diverse benefits from a cloud first approach.
Rightly said, Vikas, and it goes without saying that cloud is the driver for enhance efficiency and agility. By bringing different parts of the business together, cloud accelerate collaboration and productivity and operational efficiency. With Cloud Analytics in place organizations can identify patterns in data, drive insights and make data driven decisions. All in all, organizations can drive multiple and diverse benefits from a cloud first approach.
Speaker – Vikas - 04:59
Great Shobhit, just to summarize value of cloud goes beyond just TCO reduction, or moving from capex to OPEX model. It's now a business enabler which has disrupted industry value chains. It's a platform for innovation driven growth and accelerated product development. It's hyper scaler Pro or capability provides virtually unlimited compute memory and storage, either provision, or serverless.
Great Shobhit, just to summarize value of cloud goes beyond just TCO reduction, or moving from capex to OPEX model. It's now a business enabler which has disrupted industry value chains. It's a platform for innovation driven growth and accelerated product development. It's hyper scaler Pro or capability provides virtually unlimited compute memory and storage, either provision, or serverless.
Speaker – Rishu - 05:27
Well, said, Shobhit and Vikas . Cloud is a key business enabler, and a platform for driving innovation. In fact, it's also a platform to access all emerging technologies. But let's take a look at the adoption perspective from verticals. Now Shobhit, while cloud is making inroads in every industry, from a vertical perspective, we observe that there are industries like manufacturing FSI amongst others, who are at front full of it all in terms of adoption. But then Cloud is becoming the universal language for all digital enterprises. From your experience of working with multiple organizations across industries.
What is it that you're observing?
Well, said, Shobhit and Vikas . Cloud is a key business enabler, and a platform for driving innovation. In fact, it's also a platform to access all emerging technologies. But let's take a look at the adoption perspective from verticals. Now Shobhit, while cloud is making inroads in every industry, from a vertical perspective, we observe that there are industries like manufacturing FSI amongst others, who are at front full of it all in terms of adoption. But then Cloud is becoming the universal language for all digital enterprises. From your experience of working with multiple organizations across industries.
What is it that you're observing?
Speaker – Shobhit - 06:05
Good question Rishu. Three key factors, which are fueling the rapid shift to cloud across industries, our market dynamics, rapidly changing customer expectations and disruptive environments. In addition to this continuous digital transformation through tech modernization, such as cloud native applications, and infrastructure, AI adoption, IoT proven, you know, asset management, and hybrid work models. And the focus on sustainability will further drive cloud adoption. industries such as manufacturing, health care, oil and gas insurance, high tech, media and entertainment banking, telecom is trying to gain a lot of value from business enablement use cases.
Good question Rishu. Three key factors, which are fueling the rapid shift to cloud across industries, our market dynamics, rapidly changing customer expectations and disruptive environments. In addition to this continuous digital transformation through tech modernization, such as cloud native applications, and infrastructure, AI adoption, IoT proven, you know, asset management, and hybrid work models. And the focus on sustainability will further drive cloud adoption. industries such as manufacturing, health care, oil and gas insurance, high tech, media and entertainment banking, telecom is trying to gain a lot of value from business enablement use cases.
Speaker – Rishu - 06:57
So taking a cue from what you just said, I now want to gather Vikas’s thought so because if you look at the entire value chain, adoption is at one end of the spectrum, the other end crucial and is driving business value of the cloud investment. The enterprise value of cloud investments span across the areas of driving efficiencies, productivity is an even faster innovation, to speak to us about how organizations should look at assessing or measuring the value that they gain from Cloud.
So taking a cue from what you just said, I now want to gather Vikas’s thought so because if you look at the entire value chain, adoption is at one end of the spectrum, the other end crucial and is driving business value of the cloud investment. The enterprise value of cloud investments span across the areas of driving efficiencies, productivity is an even faster innovation, to speak to us about how organizations should look at assessing or measuring the value that they gain from Cloud.
Speaker – Vikas - 07:26
While there are multiple cloud metrics that an organization can monitor. Some are some are the key ones to measure the value derived from the cloud adoption and transformation programs. For example, time to market and it may be for launching one of you know launching products right? Faster product launches may gain competitive advantage and our you know first mover advantage the client right. For one of our customers, we were able to reduce time to market for the product launch from few months, two days through process automation, automated infrastructure provisioning, ajile Delivery and DevOps. Also, some of the other key metrics are revenue growth, operational efficiencies, improved customer satisfaction achieved primarily through innovations on Cloud, such as data driven decisioning. Next best actions, right. Predictive fraud analytics, customer segmentation, sell services, etc. Compliance to regulatory standards and conformance to security standards are also some of the key metrics to measure in highly regulated industries such as BFSI environment,
While there are multiple cloud metrics that an organization can monitor. Some are some are the key ones to measure the value derived from the cloud adoption and transformation programs. For example, time to market and it may be for launching one of you know launching products right? Faster product launches may gain competitive advantage and our you know first mover advantage the client right. For one of our customers, we were able to reduce time to market for the product launch from few months, two days through process automation, automated infrastructure provisioning, ajile Delivery and DevOps. Also, some of the other key metrics are revenue growth, operational efficiencies, improved customer satisfaction achieved primarily through innovations on Cloud, such as data driven decisioning. Next best actions, right. Predictive fraud analytics, customer segmentation, sell services, etc. Compliance to regulatory standards and conformance to security standards are also some of the key metrics to measure in highly regulated industries such as BFSI environment,
Speaker – Rishu - 08:38
Well said Vikas,One would also assume that the role of the partners is indispensable. So Shobhit, in the entire cloud journey, the role of partners is very crucial. The success depends on the strategic partnership and collaboration right from ensuring that this you know this planning, but also getting the business value from the investments is crucial. So from your experience, Shobhit, speak to us about what are some of the best practices that enterprises should keep in mind,
Well said Vikas,One would also assume that the role of the partners is indispensable. So Shobhit, in the entire cloud journey, the role of partners is very crucial. The success depends on the strategic partnership and collaboration right from ensuring that this you know this planning, but also getting the business value from the investments is crucial. So from your experience, Shobhit, speak to us about what are some of the best practices that enterprises should keep in mind,
Speaker – Shobhit - 09:09
Rishu, firstly it is important for organizations to define realistic goals for their cloud journey. As a next step. It's also important for organizations to assess their current maturity of infrastructure and applications portfolio from cloud readiness perspective. After assessing the current state and setting the core objectives, organizations to choose ideal partner of choice and should work with that partner to create a roadmap for migration and beyond. It strategies should be in place for securing the cloud, automation of cost and enabling automation of key processes. Also with the cloud adoption, cloud governance is really play a very important role. And organizations should focus on establishing cloud governance models that would enable them to continuously govern and improve their process.
Rishu, firstly it is important for organizations to define realistic goals for their cloud journey. As a next step. It's also important for organizations to assess their current maturity of infrastructure and applications portfolio from cloud readiness perspective. After assessing the current state and setting the core objectives, organizations to choose ideal partner of choice and should work with that partner to create a roadmap for migration and beyond. It strategies should be in place for securing the cloud, automation of cost and enabling automation of key processes. Also with the cloud adoption, cloud governance is really play a very important role. And organizations should focus on establishing cloud governance models that would enable them to continuously govern and improve their process.
Speaker – Vikas - 10:02
This reminds me of some of the great work we are doing for the clients across full spectrum of cloud services, which includes migration, modernization, cloud native development, cloud ops and security. In fact, for one of our financial services customer, we are managing cloud ops force migrating and modernizing their application and data workloads. This cloud Ops is focused on governance observability, AI, ops, automation and Philips. Now
This reminds me of some of the great work we are doing for the clients across full spectrum of cloud services, which includes migration, modernization, cloud native development, cloud ops and security. In fact, for one of our financial services customer, we are managing cloud ops force migrating and modernizing their application and data workloads. This cloud Ops is focused on governance observability, AI, ops, automation and Philips. Now
Speaker – Rishu - 10:32
While I know that this is an intriguing topic, and we can continue at an endless pace, we now draw to a close. But before we close, what would your parting advice to our listeners be Shobhit and Vikas, maybe starting from u Shobhit.
While I know that this is an intriguing topic, and we can continue at an endless pace, we now draw to a close. But before we close, what would your parting advice to our listeners be Shobhit and Vikas, maybe starting from u Shobhit.
Speaker – Shobhit - 10:45
So Rishu, we at Birlasoft are enabling our customers to be more intuitive, agile, customer centric, cost effective and resilient with their cloud investments, we have quality delivered multiple success stories a lot are on the way, happy to share that with our customers.
So Rishu, we at Birlasoft are enabling our customers to be more intuitive, agile, customer centric, cost effective and resilient with their cloud investments, we have quality delivered multiple success stories a lot are on the way, happy to share that with our customers.
Speaker – Vikas - 11:02
Having said that cloud is a business enabler, an organization to should look to adopting it in a big way to bring tangible benefits in terms of time to market revenue growth, operational efficiencies, improved customer satisfaction and innovation. We add Birlasoft would like to partner with you in your cloud adoption and transformation journeys.
Having said that cloud is a business enabler, an organization to should look to adopting it in a big way to bring tangible benefits in terms of time to market revenue growth, operational efficiencies, improved customer satisfaction and innovation. We add Birlasoft would like to partner with you in your cloud adoption and transformation journeys.
Speaker – Rishu - 11:25
So that was a quick but comprehensive view of how enterprises can try to business value of the cloud investments. Thank you Vikas and Shobhit, for sharing your thoughts, insights and valuable experiences with us today, I'm sure our listeners will find it interesting coming from experts like you both.
Here is something that you may or may not know Birlasoft, helps enterprises with value driven cloud transformations that are powered by collaboration, expertise and accelerators. To know more, don't forget to go through our cloud paid tag along on the link along with this podcast. Or you can write to us at Digital at Birlasoft.com. Thank you once again and stay tuned.
So that was a quick but comprehensive view of how enterprises can try to business value of the cloud investments. Thank you Vikas and Shobhit, for sharing your thoughts, insights and valuable experiences with us today, I'm sure our listeners will find it interesting coming from experts like you both.
Here is something that you may or may not know Birlasoft, helps enterprises with value driven cloud transformations that are powered by collaboration, expertise and accelerators. To know more, don't forget to go through our cloud paid tag along on the link along with this podcast. Or you can write to us at Digital at Birlasoft.com. Thank you once again and stay tuned.
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