It’s been almost a yearsince Edelweiss FinancialServices got a new GroupCIO, Nitin Agarwal. He is reengineering the technology platform to be more nimble and agile. He has been deliberating with the top management of the multiple business groups on the way forward. “The conversations are not about why should we do digital. It’s always about how should we see our digital roadmap given the changes in consumer preferences,” says Nitin Agarwal, President and Group CIO, CTO and Chief Digital Officer, Edelweiss Financial Services.
The constant change in the customer choice forces enterprises to make their technology platforms flexible for change. For Nitin, gone are the days, when technology was about projects. Three four-five year projects followed by RoIs. “Technology has to continuously deliver and that’s the landscape that we are changing at Edelweiss. It has to be agile. Thus the focus now is on how can we deliver something every week, fortnight rather than doing one-three-five year projects,” states Agarwal.
As a part of this strategy, “Edelweiss is adopting cloud native platforms; designing an API infrastructure; developing a data infrastructure. This is fundamental to building a digital organisation," informs Agarwal.The general insurance business was on the cloud from the beginning however Agarwal has extended the cloud adoption across businesses.
The company has signed enterprise agreements with major vendors in the area of cloud computing. There are a few cloud migrations which are on. There are many applications which are being developed as cloud native - not even cloud ready or cloud first. It makes the company, faster in delivering business requirements.
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