Platforms of the Future

At Technoviti 2020, CIOs and CTOs share their perspectives on selecting and leveraging a variety of platforms that suit their respective organizations:

Low code platforms accelerate new product engineering

Shashank Sathe, Senior Vice President- IT, Edelweiss Financial Services:

Edelweiss Financial Services has an 8-12-year-old legacy system. We have challenges like reducing the technology spends and adopting new frameworks. Our approach is to go for open stack, full-stack, and application development, which have near-zero cost of ownership. We have chosen this as a roadmap, and we are working on it. Additionally, we are moving on to low code platforms. We are trying not only to have the infra and networking elements but also to adopt low code engineering platforms, which allow a significant amount of effort from an engineering perspective. From my experience, it saves 70% of coding/engineering time and effort while building a product.

We are currently halfway through our digital transformation; our infrastructure runs on the data centers and we are making efforts to move as many of these into a survivalist framework. Our systems are 30% on cloud, 50-60% on AI & analytics, and we are using RPA technology in 35-40% of our operations. We have adopted infrastructure and cloud as a core model, and we are getting benefits as it adds a phenomenal amount of savings in our operations. We have already started adopting serverless computing.